Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $55.00 at Wells Fargo & Company

Knight-Swift Transportation (NYSE:KNX) had its target price reduced by Wells Fargo & Company from $65.00 to $55.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

KNX has been the topic of a number of other reports. Benchmark initiated coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price target on the stock. TD Cowen boosted their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America raised their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Susquehanna decreased their target price on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating for the company in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $58.59.

Knight-Swift Transportation Trading Up 0.1 %

NYSE KNX opened at $44.63 on Thursday. Knight-Swift Transportation has a one year low of $42.72 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a market cap of $7.23 billion, a P/E ratio of 61.14 and a beta of 0.97. The stock’s 50-day moving average is $51.44 and its 200-day moving average is $53.17.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Sell-side analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio is 98.63%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its position in Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares during the period. Quarry LP lifted its holdings in Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after purchasing an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 208 shares during the period. 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.