Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $66.00

Knight-Swift Transportation (NYSE:KNX) had its target price boosted by Raymond James from $62.00 to $66.00 in a research note published on Thursday morning,Benzinga reports. They currently have a strong-buy rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the company. Morgan Stanley cut their target price on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Barclays upped their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen boosted their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average target price of $59.38.

Knight-Swift Transportation Trading Down 0.6 %

Knight-Swift Transportation stock opened at $57.22 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $61.51. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 78.38, a P/E/G ratio of 1.02 and a beta of 0.98. The firm has a 50 day moving average of $55.31 and a 200 day moving average of $53.44.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, research analysts predict that Knight-Swift Transportation will post 2.11 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were given a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. Knight-Swift Transportation’s dividend payout ratio is presently 87.67%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction 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. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of large investors have recently modified their holdings of KNX. GAMMA Investing LLC raised its position in Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Knight-Swift Transportation by 20.5% in the fourth 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. MML Investors Services LLC lifted its stake in Knight-Swift Transportation by 4.6% in the third quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after acquiring an additional 228 shares during the period. Venturi Wealth Management LLC grew its holdings in Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after acquiring an additional 292 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings 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 purchasing an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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.