Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) have earned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $66.7059.

A number of research analysts recently commented on KNX shares. UBS Group upped their price target on shares of Knight-Swift Transportation from $66.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Benchmark increased their target price on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 15th. Stifel Nicolaus increased their target price on shares of Knight-Swift Transportation from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company increased their target price on shares of Knight-Swift Transportation from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th.

Insider Activity

In other Knight-Swift Transportation news, CFO Joshua Smith sold 5,770 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $60.91, for a total transaction of $351,450.70. Following the transaction, the chief financial officer owned 9,214 shares in the company, valued at $561,224.74. This represents a 38.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KNX. Hussman Strategic Advisors Inc. bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $830,000. Victory Capital Management Inc. lifted its holdings in shares of Knight-Swift Transportation by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after acquiring an additional 76,342 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $749,000. AXQ Capital LP bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $913,000. Finally, William Blair Investment Management LLC lifted its holdings in shares of Knight-Swift Transportation by 8,184.6% during the 3rd quarter. William Blair Investment Management LLC now owns 509,919 shares of the transportation company’s stock worth $20,147,000 after acquiring an additional 503,764 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 0.2%

Shares of KNX opened at $70.12 on Friday. Knight-Swift Transportation has a 52 week low of $38.63 and a 52 week high of $71.63. The firm has a market cap of $11.39 billion, a P/E ratio of 333.93 and a beta of 1.15. The firm’s 50-day simple moving average is $61.14 and its 200 day simple moving average is $56.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the company posted $0.28 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts forecast that Knight-Swift Transportation will post 2.12 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is presently 380.95%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.