Analysts Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Price Target at $59.38

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $59.38.

KNX has been the topic of a number of research analyst reports. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their target price for the company from $48.00 to $67.00 in a report on Friday, January 3rd. Bank of America raised their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Raymond James raised their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a report on Tuesday, November 12th.

Knight-Swift Transportation Trading Down 0.2 %

Shares of NYSE:KNX opened at $58.41 on Monday. The company has a market capitalization of $9.46 billion, a P/E ratio of 80.02, a P/E/G ratio of 1.02 and a beta of 0.98. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $61.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50 day simple moving average is $55.40 and its 200 day simple moving average is $53.63.

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

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is currently 87.67%.

Insider Buying and Selling

In other news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the transaction, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, November 13th. The stock was 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. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 208 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 buying an additional 213 shares during the period. MML Investors Services LLC grew its stake in shares of Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock valued at $280,000 after buying an additional 228 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Knight-Swift Transportation by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after buying an additional 292 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its stake in shares of Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after buying an additional 348 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.