Knight-Swift Transportation (NYSE:KNX) Downgraded to "Hold" at Loop Capital

Loop Capital cut shares of Knight-Swift Transportation (NYSE:KNX - Free Report) from a buy rating to a hold rating in a research report report published on Thursday morning, Marketbeat Ratings reports. Loop Capital currently has $53.00 target price on the transportation company's stock, down from their prior target price of $63.00.

KNX has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating for the company in a research note on Tuesday, April 9th. Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a buy rating in a research note on Wednesday, January 10th. Susquehanna reduced their price objective on Knight-Swift Transportation from $62.00 to $59.00 and set a neutral rating for the company in a research note on Monday, March 25th. Finally, Barclays lowered their target price on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an overweight rating on the stock in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $57.77.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.65 during mid-day trading on Thursday, reaching $47.88. 4,820,929 shares of the company's stock were exchanged, compared to its average volume of 2,111,115. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. Knight-Swift Transportation has a 12-month low of $45.73 and a 12-month high of $60.99. The stock's 50 day moving average is $54.83 and its 200 day moving average is $54.19. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.38). The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.92 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. On average, research analysts expect that Knight-Swift Transportation will post 2.3 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.34%. Knight-Swift Transportation's dividend payout ratio is 48.12%.

Insider Activity

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, February 29th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

Institutional Trading of Knight-Swift Transportation

Hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC purchased a new stake in shares of Knight-Swift Transportation in the 1st quarter valued at approximately $25,000. Quarry LP acquired a new position in Knight-Swift Transportation during the fourth quarter worth $33,000. GAMMA Investing LLC boosted its position in shares of Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company's stock worth $35,000 after buying an additional 253 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock valued at $38,000 after buying an additional 385 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company's stock valued at $42,000 after buying an additional 326 shares in the last quarter. 88.77% of the stock is 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.