Knight-Swift Transportation (NYSE:KNX) Sets New 52-Week Low at $45.55

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $45.55 and last traded at $45.69, with a volume of 81019 shares. The stock had previously closed at $46.23.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, April 18th. Robert W. Baird reduced their target price on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. Bank of America reduced their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a "buy" rating for the company in a report on Thursday, April 18th. Stephens reduced their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, April 18th. Finally, Loop Capital cut shares of Knight-Swift Transportation from a "buy" rating to a "hold" rating and reduced their target price for the stock from $63.00 to $53.00 in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $57.71.

Knight-Swift Transportation Trading Up 1.4 %

The company's 50-day moving average price is $53.11 and its 200-day moving average price is $54.20. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 70.06, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $0.73 EPS. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.29 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a $0.16 dividend. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. Knight-Swift Transportation's dividend payout ratio (DPR) is 95.52%.

Insider Activity

In other news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the sale, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently bought and sold shares of KNX. Rise Advisors LLC acquired a new position in Knight-Swift Transportation during the first quarter worth about $25,000. GAMMA Investing LLC boosted its holdings in Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company's stock valued at $35,000 after purchasing an additional 253 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in Knight-Swift Transportation in the 3rd quarter valued at about $42,000. Finally, Blue Trust Inc. boosted its holdings in Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company's stock valued at $42,000 after purchasing an additional 326 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.