Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $53.00 at Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX) had its price objective decreased by Stifel Nicolaus from $60.00 to $53.00 in a research report released on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also weighed in on the stock. Bank of America cut their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating for the company in a research report on Tuesday, April 9th. Susquehanna cut their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating for the company in a research report on Thursday. TD Cowen cut their price objective on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a buy rating for the company in a research report on Thursday. Finally, Loop Capital lowered shares of Knight-Swift Transportation from a buy rating to a hold rating and cut their price objective for the company from $63.00 to $53.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $57.77.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $47.88 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $7.73 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. Knight-Swift Transportation has a 52-week low of $45.73 and a 52-week high of $60.99. The company has a 50-day simple moving average of $54.83 and a 200 day simple moving average of $54.19.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. On average, research analysts predict that Knight-Swift Transportation will post 2.3 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.34%. Knight-Swift Transportation’s payout ratio is presently 48.12%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Knight-Swift Transportation during the fourth quarter worth approximately $33,000. GAMMA Investing LLC raised its stake in shares of Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after acquiring an additional 385 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after acquiring an additional 326 shares in the last quarter. 88.77% of the stock is 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.