Knight-Swift Transportation (NYSE:KNX) PT Lowered to $59.00

Knight-Swift Transportation (NYSE:KNX - Free Report) had its target price lowered by Susquehanna from $62.00 to $59.00 in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company's stock.

KNX has been the topic of several other reports. TheStreet upgraded Knight-Swift Transportation from a c+ rating to a b- rating in a research note on Monday, December 4th. Stifel Nicolaus lifted their target price on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a buy rating in a report on Wednesday, January 10th. Finally, TD Cowen lifted their price target on Knight-Swift Transportation from $58.00 to $61.00 and gave the stock an outperform rating in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of Moderate Buy and a consensus price target of $62.55.

Knight-Swift Transportation Stock Down 0.9 %

NYSE:KNX traded down $0.46 during trading hours on Monday, hitting $52.12. The stock had a trading volume of 2,465,812 shares, compared to its average volume of 2,032,548. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation has a 1-year low of $45.73 and a 1-year high of $60.99. The business has a 50 day simple moving average of $56.63 and a two-hundred day simple moving average of $54.13. The company has a market cap of $8.42 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. Analysts predict that Knight-Swift Transportation will post 2.47 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Friday, March 8th will be given a $0.16 dividend. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, March 7th. Knight-Swift Transportation's payout ratio is currently 48.12%.

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at $287,836.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.20% of the company's stock.

Institutional Trading of Knight-Swift Transportation

A number of large investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in Knight-Swift Transportation in the fourth quarter worth $33,000. DecisionPoint Financial LLC acquired a new stake in shares of Knight-Swift Transportation during the second quarter worth about $36,000. Massmutual Trust Co. FSB ADV raised its position in shares of Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock worth $38,000 after purchasing an additional 385 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in shares of Knight-Swift Transportation during the third quarter worth about $42,000. Finally, Blue Trust Inc. raised its position 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 buying an additional 326 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

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.