Shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) have been assigned an average rating of “Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $45.91.
KNX has been the topic of a number of recent research reports. Wolfe Research downgraded shares of Knight-Swift Transportation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 22nd. ValuEngine upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. UBS Group reissued a “neutral” rating and set a $36.00 price objective (down from $43.00) on shares of Knight-Swift Transportation in a report on Tuesday, December 4th. TheStreet cut Knight-Swift Transportation from a “b-” rating to a “c+” rating in a report on Thursday, December 27th. Finally, Zacks Investment Research cut Knight-Swift Transportation from a “buy” rating to a “hold” rating in a report on Monday, February 4th.
In other news, Vice Chairman Gary J. Knight sold 180,368 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $33.18, for a total transaction of $5,984,610.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shannon Breen sold 750 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $34.09, for a total value of $25,567.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,509,508 shares of company stock valued at $40,480,225 over the last 90 days. Corporate insiders own 27.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Paradigm Asset Management Co. LLC acquired a new stake in Knight-Swift Transportation in the third quarter valued at about $53,000. We Are One Seven LLC bought a new position in Knight-Swift Transportation in the fourth quarter valued at about $74,000. Belpointe Asset Management LLC bought a new position in Knight-Swift Transportation in the third quarter valued at about $104,000. Stratos Wealth Partners LTD. bought a new position in Knight-Swift Transportation in the third quarter valued at about $135,000. Finally, Ffcm LLC bought a new position in shares of Knight-Swift Transportation during the fourth quarter worth about $106,000. Institutional investors own 80.50% of the company’s stock.
Shares of Knight-Swift Transportation stock opened at $34.77 on Friday. The firm has a market capitalization of $5.85 billion, a PE ratio of 13.58, a P/E/G ratio of 0.83 and a beta of 1.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.48 and a current ratio of 1.48. Knight-Swift Transportation has a 1 year low of $23.27 and a 1 year high of $50.35.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Tuesday, January 29th. The transportation company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.44 billion. Knight-Swift Transportation had a net margin of 7.85% and a return on equity of 8.46%. Knight-Swift Transportation’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.24 annualized dividend and a dividend yield of 0.69%. Knight-Swift Transportation’s payout ratio is currently 9.38%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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.
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