Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) has been assigned a consensus “moderate buy” recommendation by the twenty rating companies that currently cover the stock, MarketBeat reports. One analyst rated the stock with a sell rating, three issued a hold rating and fifteen assigned the company a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the past year is $63.39.
Several equity research analysts have recently released KNX stock reports. Raymond James raised his price target on Knight-Swift Transportation shares from $50.00 to $53.00 in a Monday, April 25 research note. Barclays cut its price target on Knight-Swift Transportation shares from $60.00 to $58.00 and set an “overweight” rating for the company in a Tuesday, July 12 research note. Stephens cut his price target on Knight-Swift Transportation shares from $70.00 to $66.00 and set an “overweight” rating for the company in a Friday, April 1 research note. Cowen raised its price target on Knight-Swift Transportation shares from $54.00 to $55.00 and gave the company an “outperform” rating in a Thursday, April 21 research note. Finally, Cowen raised its price target on Knight-Swift Transportation shares from $54.00 to $55.00 and gave the company an “outperform” rating in a Thursday, April 21 research note.
Knight-Swift Transportation trades up 0.9%
NYSE: KNX opened at $48.28 on Friday. The company has a debt ratio of 0.22, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 9.81, a growth price-to-earnings ratio of 0.60 and a beta of 1.19. Knight-Swift Transportation has a 52-week low of $42.50 and a 52-week high of $62.29. The company has a 50-day moving average price of $47.23 and a two-hundred-day moving average price of $51.09.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last released quarterly earnings data on Wednesday, April 20. The transportation company reported EPS of $1.35 for the quarter, beating the consensus estimate of $1.26 by $0.09. Knight-Swift Transportation had a net margin of 12.45% and a return on equity of 13.69%. The company posted revenue of $1.83 billion in the quarter, compared to analysts’ estimates of $1.76 billion. In the same quarter last year, the company posted EPS of $0.83. The company’s revenue for the quarter increased 49.4% year over year. On average, stock analysts expect Knight-Swift Transportation to post earnings per share of 5.33 for the current fiscal year.
Knight-Swift Transportation Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 27. Shareholders of record on Friday, June 10 received a dividend of $0.12. This represents an annualized dividend of $0.48 and a yield of 0.99%. The ex-dividend date was Thursday, June 9. Knight-Swift Transportation’s payout ratio is 9.76%.
Knight-Swift Transportation Institutional Trading
A number of hedge funds have recently changed their positions in KNX. BlackRock Inc. increased its position in Knight-Swift Transportation shares by 2.3% in the first quarter. BlackRock Inc. now owns 16,645,263 shares of the transportation company valued at $839,919,000 after acquiring an additional 373,181 shares during the period. Vanguard Group Inc. increased its position in Knight-Swift Transportation shares by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,894,447 shares of the transportation company valued at $701,114,000 after purchasing an additional 84,898 shares during the period. Wellington Management Group LLP increased its stake in Knight-Swift Transportation by 13.4% during the first quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company worth $414,739,000 after acquiring an additional 972,139 shares last quarter. State Street Corp increased its stake in Knight-Swift Transportation by 2.7% during the first quarter. State Street Corp now owns 6,314,648 shares of the transportation company worth $318,637,000 after acquiring an additional 166,644 shares last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,850,070 shares of the transportation company worth $194,290,000 after acquiring 87,876 additional shares in the last quarter. 86.20% of the shares are held by institutional investors.
Company Profile Knight-Swift Transportation
(Get a rating)
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico and Canada. The company operates through four segments: Trucking, Logistics, Less Than Truckload (LTL) and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage and cross-border transportation of various products, commodities and materials.
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