Brokerages Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) PT at $59.41

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat reports. Seven equities 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 company. The average 1 year price objective among brokers that have covered the stock in the last year is $59.41.

A number of analysts have commented on KNX shares. TD Cowen lifted their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Benchmark started coverage on Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price on the stock. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price objective on the stock in a report on Monday, March 10th. Finally, Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their target price for the stock from $48.00 to $67.00 in a report on Friday, January 3rd.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $44.39 on Tuesday. The firm’s fifty day simple moving average is $52.30 and its two-hundred day simple moving average is $53.37. The firm has a market capitalization of $7.19 billion, a P/E ratio of 60.81 and a beta of 0.97. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 12-month low of $42.72 and a 12-month high of $61.51.

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

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a $0.18 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $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 available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently made changes to their positions in the company. Voya Investment Management LLC grew its holdings in shares of Knight-Swift Transportation by 0.9% during the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock worth $1,090,000 after buying an additional 192 shares in the last quarter. GAMMA Investing LLC boosted its position in Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after acquiring an additional 208 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 213 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Knight-Swift Transportation by 3.3% in the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock valued at $355,000 after acquiring an additional 216 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Knight-Swift Transportation by 8.5% in the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after purchasing an additional 218 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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.