28 Nov Knight-Swift Transportation Holdings Inc (NYSE:KNX) Receive…
Shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $40.40.
A number of research firms recently weighed in on KNX. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price objective (up from $39.00) on shares of Knight-Swift Transportation in a research note on Thursday, July 25th. Bank of America reaffirmed a “buy” rating and issued a $43.00 price target (up from $38.00) on shares of Knight-Swift Transportation in a research note on Thursday, July 25th. UBS Group upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $39.00 to $40.00 in a report on Friday, October 11th. KeyCorp raised their price objective on shares of Knight-Swift Transportation from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Cowen set a $39.00 price target on shares of Knight-Swift Transportation and gave the company a “hold” rating in a research note on Tuesday, October 15th.
In other Knight-Swift Transportation news, Director Ploeg David Vander sold 2,760 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $38.40, for a total transaction of $105,984.00. Also, EVP James L. Fitzsimmons sold 1,582 shares of Knight-Swift Transportation stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $36.72, for a total transaction of $58,091.04. Over the last 90 days, insiders sold 129,034 shares of company stock worth $4,951,289. 4.30% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA purchased a new position in Knight-Swift Transportation in the 3rd quarter valued at approximately $51,927,000. Nuveen Asset Management LLC grew its position in Knight-Swift Transportation by 2,097.5% in the second quarter. Nuveen Asset Management LLC now owns 1,478,357 shares of the transportation company’s stock valued at $48,550,000 after acquiring an additional 1,411,082 shares in the last quarter. Scout Investments Inc. purchased a new stake in shares of Knight-Swift Transportation during the third quarter valued at approximately $18,266,000. Invesco Ltd. raised its stake in shares of Knight-Swift Transportation by 15.3% during the second quarter. Invesco Ltd. now owns 3,534,626 shares of the transportation company’s stock valued at $116,076,000 after purchasing an additional 467,967 shares during the period. Finally, Carillon Tower Advisers Inc. purchased a new stake in shares of Knight-Swift Transportation during the third quarter valued at approximately $12,516,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.
NYSE:KNX traded down $0.94 during trading hours on Friday, reaching $35.97. The stock had a trading volume of 856,400 shares, compared to its average volume of 2,047,927. The stock has a market capitalization of $6.23 billion, a PE ratio of 14.05, a PEG ratio of 1.10 and a beta of 1.94. Knight-Swift Transportation has a 52 week low of $23.27 and a 52 week high of $39.37. The company has a 50 day moving average price of $36.86 and a two-hundred day moving average price of $34.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Knight-Swift Transportation had a net margin of 7.80% and a return on equity of 7.99%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts predict that Knight-Swift Transportation will post 2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, December 2nd. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
Featured Story: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for Knight-Swift Transportation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Knight-Swift Transportation and related companies with MarketBeat.com’s FREE daily email newsletter.