Analysts Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) PT at $57.14

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been given an average rating of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $57.14.

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. UBS Group reduced their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Raymond James dropped their price target on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 25th. Barclays lifted their price objective on Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI lowered their target price on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $50.82 on Friday. The business’s 50-day simple moving average is $51.49 and its two-hundred day simple moving average is $51.13. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $60.99. The stock has a market cap of $8.23 billion, a PE ratio of 75.85, a P/E/G ratio of 1.42 and a beta of 0.93. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, analysts forecast that Knight-Swift Transportation will post 1.12 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 6th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 30,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the sale, the chairman now directly owns 1,467,360 shares in the company, valued at $73,852,228.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $50.33, for a total value of $1,509,900.00. Following the transaction, the chairman now directly owns 1,467,360 shares in the company, valued at $73,852,228.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 45,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the completion of the transaction, the chairman now directly owns 1,422,360 shares in the company, valued at approximately $73,294,210.80. The disclosure for this sale can be found here. Insiders sold 85,196 shares of company stock worth $4,367,869 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of large investors have recently modified their holdings of KNX. Rise Advisors LLC bought a new stake in Knight-Swift Transportation during the 1st quarter valued at $25,000. GAMMA Investing LLC increased its stake 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 valued at $35,000 after buying an additional 253 shares during the period. Versant Capital Management Inc raised its holdings in shares of Knight-Swift Transportation by 3,461.9% in the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 727 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Knight-Swift Transportation by 61.7% in the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after acquiring an additional 283 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.