Knight-Swift Transportation (NYSE:KNX) Given New $55.00 Price Target at Evercore ISI

Knight-Swift Transportation (NYSE:KNX - Free Report) had its price target trimmed by Evercore ISI from $60.00 to $55.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the transportation company's stock.

Several other equities analysts also recently commented on the stock. Robert W. Baird dropped their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an outperform rating for the company in a research note on Thursday. Barclays dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating for the company in a research note on Thursday, April 18th. Susquehanna decreased their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus decreased their price target on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a buy rating for the company in a research report on Thursday, April 18th. Finally, Stephens decreased their price target on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $58.14.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded down $1.37 on Thursday, reaching $47.14. 4,028,240 shares of the stock were exchanged, compared to its average volume of 2,162,525. The firm's 50 day moving average is $53.72 and its 200-day moving average is $54.17. Knight-Swift Transportation has a one year low of $45.73 and a one year high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $7.61 billion, a PE ratio of 35.44, a P/E/G ratio of 2.51 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company posted $0.73 EPS. The business's revenue was up 10.0% on a year-over-year basis. As a group, analysts anticipate that Knight-Swift Transportation will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. 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. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 48.12%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares of the company's stock, valued at $287,836.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Knight-Swift Transportation by 95.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,172 shares of the transportation company's stock worth $5,071,000 after acquiring an additional 44,987 shares during the period. Simplicity Wealth LLC bought a new stake in Knight-Swift Transportation in the first quarter worth about $353,000. Louisiana State Employees Retirement System increased its stake in shares of Knight-Swift Transportation by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the transportation company's stock worth $2,553,000 after purchasing an additional 1,100 shares in the last quarter. Amalgamated Bank increased its stake in shares of Knight-Swift Transportation by 9.1% in the first quarter. Amalgamated Bank now owns 109,035 shares of the transportation company's stock worth $5,999,000 after purchasing an additional 9,079 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of Knight-Swift Transportation by 1.9% in the first quarter. State of Michigan Retirement System now owns 47,731 shares of the transportation company's stock worth $2,626,000 after purchasing an additional 900 shares in the last quarter. 88.77% of the stock is 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.