ValuEngine downgraded shares of Knight-Swift Transportation (NYSE:KNX) from a buy rating to a hold rating in a research report released on Tuesday.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered Knight-Swift Transportation from a buy rating to a hold rating in a research report on Wednesday, April 4th. Stifel Nicolaus reissued a hold rating and issued a $48.00 price objective on shares of Knight-Swift Transportation in a research report on Friday, April 6th. Wells Fargo & Co raised their price objective on Knight-Swift Transportation from $36.00 to $48.00 and gave the company a market perform rating in a research report on Thursday, February 8th. Wolfe Research raised Knight-Swift Transportation from a market perform rating to an outperform rating and set a $57.00 price objective on the stock in a research report on Monday, February 5th. Finally, Barclays raised Knight-Swift Transportation from an underweight rating to an equal weight rating and raised their price objective for the company from $50.00 to $55.00 in a research report on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Knight-Swift Transportation currently has an average rating of Buy and an average price target of $52.22.
Get Knight-Swift Transportation alerts:
Knight-Swift Transportation opened at $39.26 on Tuesday, Marketbeat reports. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 1.45. Knight-Swift Transportation has a 12 month low of $34.39 and a 12 month high of $51.94. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 1.14 and a beta of 1.68.
Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Knight-Swift Transportation had a return on equity of 5.75% and a net margin of 13.22%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company posted $0.18 earnings per share. The firm’s revenue was up 368.7% compared to the same quarter last year. equities research analysts anticipate that Knight-Swift Transportation will post 2.3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.61%. Knight-Swift Transportation’s dividend payout ratio is presently 17.39%.
In related news, COO Kevin Quast sold 4,508 shares of Knight-Swift Transportation stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $39.98, for a total value of $180,229.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn L. Munro sold 5,069 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $39.27, for a total value of $199,059.63. The disclosure for this sale can be found here. Insiders have sold 98,794 shares of company stock valued at $3,954,288 over the last 90 days. Insiders own 27.50% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Knight-Swift Transportation by 79.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,007 shares of the transportation company’s stock worth $131,000 after purchasing an additional 1,332 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Knight-Swift Transportation in the first quarter worth about $131,000. We Are One Seven LLC grew its stake in Knight-Swift Transportation by 126.8% in the first quarter. We Are One Seven LLC now owns 3,119 shares of the transportation company’s stock worth $144,000 after purchasing an additional 1,744 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in Knight-Swift Transportation in the first quarter worth about $171,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Knight-Swift Transportation by 43.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,177 shares of the transportation company’s stock worth $193,000 after purchasing an additional 1,272 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.
Knight-Swift Transportation Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.