Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Has Average Target Price of $83.22

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned an average rating of “Moderate Buy” from the twenty analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $83.22.

Several research firms have weighed in on KNX. JPMorgan Chase & Co. raised their price target on Knight-Swift Transportation from $68.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Wall Street Zen upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings raised Knight-Swift Transportation from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 29th. UBS Group restated a “buy” rating on shares of Knight-Swift Transportation in a research report on Thursday, October 22nd. Finally, TD Cowen upped their price objective on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd.

Insider Buying and Selling

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Knight-Swift Transportation in the second quarter valued at $3,811,000. New England Research & Management Inc. raised its position in Knight-Swift Transportation by 173.8% during the third quarter. New England Research & Management Inc. now owns 27,315 shares of the transportation company’s stock valued at $1,737,000 after purchasing an additional 17,340 shares in the last quarter. Engineers Gate Manager LP raised its position in Knight-Swift Transportation by 54.3% during the second quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock valued at $13,646,000 after purchasing an additional 61,706 shares in the last quarter. California Public Employees Retirement System lifted its stake in Knight-Swift Transportation by 3.1% during the first quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company’s stock worth $16,807,000 after purchasing an additional 8,653 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in Knight-Swift Transportation during the second quarter worth about $8,790,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 1.0%

KNX opened at $62.07 on Friday. The firm has a market capitalization of $10.10 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20. Knight-Swift Transportation has a one year low of $41.24 and a one year high of $82.86. The company has a fifty day moving average price of $64.70 and a 200-day moving average price of $66.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.91 and a quick ratio of 0.91.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, October 21st. The transportation company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.16 billion. Knight-Swift Transportation had a return on equity of 4.71% and a net margin of 1.92%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Equities research analysts expect that Knight-Swift Transportation will post 2.47 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Monday, December 7th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 7th. This represents a $0.80 annualized dividend and a yield of 1.3%. Knight-Swift Transportation’s payout ratio is presently 86.02%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings is a transportation and logistics company providing freight services primarily across North America. Its offerings include truckload transportation, less-than-truckload shipping, freight brokerage, logistics and intermodal services. The company’s truckload operations serve a range of shipping needs, including dry van, refrigerated, flatbed and dedicated transportation. Its network also supports cross-border freight movements between the United States, Mexico and Canada.