Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $65.00

Knight-Swift Transportation (NYSE:KNX) had its target price hoisted by TD Cowen from $62.00 to $65.00 in a report issued on Thursday morning, Marketbeat reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other research analysts have also recently commented on KNX. Barclays upped their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price target for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Bank of America upped their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $57.22 on Thursday. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $61.51. The firm has a market capitalization of $9.26 billion, a P/E ratio of 78.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. The stock’s fifty day moving average is $55.31 and its two-hundred day moving average is $53.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, research analysts anticipate that Knight-Swift Transportation will post 2.11 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.12%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 87.67%.

Insider Activity

In other news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of institutional investors have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth about $3,729,000. Charles Schwab Investment Management Inc. increased its stake in Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after purchasing an additional 26,346 shares during the last quarter. Jane Street Group LLC raised its holdings in Knight-Swift Transportation by 30.9% during the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock worth $3,771,000 after purchasing an additional 16,500 shares in the last quarter. Paloma Partners Management Co boosted its holdings in shares of Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after buying an additional 52,323 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Knight-Swift Transportation by 116.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock valued at $7,056,000 after buying an additional 70,276 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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.