Susquehanna Boosts Knight-Swift Transportation (NYSE:KNX) Price Target to $48.00

Knight-Swift Transportation (NYSE:KNX) had its price target boosted by Susquehanna from $45.00 to $48.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other analysts also recently weighed in on KNX. Wolfe Research downgraded shares of Knight-Swift Transportation from an outperform rating to a peer perform rating in a research report on Thursday, July 11th. StockNews.com raised Knight-Swift Transportation to a sell rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on Knight-Swift Transportation from $51.00 to $57.00 and gave the company a neutral rating in a research report on Thursday, July 25th. Wells Fargo & Company started coverage on shares of Knight-Swift Transportation in a research report on Friday, June 7th. They set an overweight rating and a $56.00 price objective for the company. Finally, Raymond James cut their price objective on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a strong-buy rating on the stock in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $57.00.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $54.05 on Thursday. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The company’s 50-day moving average is $52.24 and its two-hundred day moving average is $50.57. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market cap of $8.74 billion, a PE ratio of 80.67, a PEG ratio of 1.47 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 24th. The transportation company reported $0.24 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 quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Equities analysts anticipate that Knight-Swift Transportation will post 1.1 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, September 6th. Knight-Swift Transportation’s payout ratio is presently 95.52%.

Insiders Place Their Bets

In other news, Director Michael Garnreiter sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the transaction, the director now owns 17,648 shares of the company’s stock, valued at $892,459.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the sale, the chairman now owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the sale, the director now directly owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. The disclosure for this sale can be found here. Insiders sold 85,196 shares of company stock worth $4,367,869 over the last three months. Insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Knight-Swift Transportation by 46.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 76,849 shares of the transportation company’s stock worth $3,837,000 after purchasing an additional 24,451 shares during the period. Brandes Investment Partners LP bought a new position in Knight-Swift Transportation during the 2nd quarter worth $30,251,000. Creative Planning raised its holdings in Knight-Swift Transportation by 39.7% in the 2nd quarter. Creative Planning now owns 20,188 shares of the transportation company’s stock valued at $1,008,000 after acquiring an additional 5,736 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its position in shares of Knight-Swift Transportation by 862.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 49,106 shares of the transportation company’s stock valued at $2,451,000 after acquiring an additional 44,003 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Knight-Swift Transportation by 309.7% during the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock worth $53,331,000 after purchasing an additional 807,572 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.