Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $57.00.

A number of research analysts have recently commented on KNX shares. UBS Group lowered their price target 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. Susquehanna raised their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. Barclays increased their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Raymond James reduced their target price on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a report on Thursday, July 25th.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the transaction, the director now owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction on 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 owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Kevin P. Knight sold 30,000 shares of the company’s 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 transaction, the chairman now directly owns 1,467,360 shares in the company, valued at $73,852,228.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,196 shares of company stock valued at $4,367,869. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Knight-Swift Transportation by 15.7% during the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after acquiring an additional 2,137,296 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Knight-Swift Transportation by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 15,021,291 shares of the transportation company’s stock valued at $865,977,000 after purchasing an additional 57,000 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock valued at $379,133,000 after purchasing an additional 744,412 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Knight-Swift Transportation by 27.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after purchasing an additional 1,176,069 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Knight-Swift Transportation by 7.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,607,802 shares of the transportation company’s stock worth $180,101,000 after buying an additional 235,858 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $53.96 on Tuesday. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 80.53, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. The firm has a fifty day moving average of $52.32 and a 200-day moving average of $50.56. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data 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 return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that Knight-Swift Transportation will post 1.1 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, September 6th. Knight-Swift Transportation’s payout ratio is 95.52%.

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.