Knight-Swift Transportation (NYSE:KNX – Get Rating) had its price objective reduced by Susquehanna Bancshares from $64.00 to $63.00 in a report published on Thursday morning, Stock Target Advisor reports. They currently have a positive rating on the transportation company's stock.
A number of other research analysts have also issued reports on the stock. Susquehanna reduced their target price on shares of Knight-Swift Transportation from $64.00 to $63.00 and set a positive rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an underweight rating for the company in a research note on Thursday. Wolfe Research raised shares of Knight-Swift Transportation from an underperform rating to a peer perform rating in a research note on Tuesday, July 12th. Credit Suisse Group reduced their price target on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an outperform rating for the company in a research note on Thursday. Finally, Barclays reduced their price target on shares of Knight-Swift Transportation from $60.00 to $58.00 and set an overweight rating for the company in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $60.28.
Get Knight-Swift Transportation alerts:Knight-Swift Transportation Trading Down 5.9 %
NYSE KNX opened at $46.50 on Thursday. Knight-Swift Transportation has a one year low of $42.50 and a one year high of $62.29. The company has a 50-day simple moving average of $50.65 and a 200-day simple moving average of $49.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $7.47 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last posted its earnings results on Wednesday, October 19th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.05). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Knight-Swift Transportation had a net margin of 12.26% and a return on equity of 14.44%. The company's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, equities analysts forecast that Knight-Swift Transportation will post 5.38 earnings per share for the current year.Knight-Swift Transportation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Monday, September 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. Knight-Swift Transportation's dividend payout ratio is currently 9.01%.
Insider Activity
In other Knight-Swift Transportation news, EVP James E. Jr. Updike sold 2,400 shares of the company's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $55.18, for a total value of $132,432.00. Following the transaction, the executive vice president now owns 19,944 shares in the company, valued at approximately $1,100,509.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.
Institutional Trading of Knight-Swift Transportation
Large investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale boosted its holdings in shares of Knight-Swift Transportation by 244.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,619,944 shares of the transportation company's stock worth $84,885,000 after buying an additional 1,149,669 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Knight-Swift Transportation by 13.4% during the 1st quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company's stock worth $414,739,000 after buying an additional 972,139 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 94.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,841,620 shares of the transportation company's stock worth $85,249,000 after buying an additional 892,933 shares during the period. Triton Wealth Management PLLC boosted its holdings in shares of Knight-Swift Transportation by 167.8% during the 3rd quarter. Triton Wealth Management PLLC now owns 1,213,512 shares of the transportation company's stock worth $61,331,000 after buying an additional 760,288 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Knight-Swift Transportation during the 1st quarter worth $27,013,000. 89.64% of the stock is owned by institutional investors.
About Knight-Swift Transportation
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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, goods, and materials.
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