Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $60.00 by Analysts at Stephens

Knight-Swift Transportation (NYSE:KNX) had its target price lowered by Stephens from $65.00 to $60.00 in a report issued on Thursday, Benzinga reports. Stephens currently has an overweight rating on the transportation company’s stock.

Several other analysts have also recently commented on the company. Stifel Nicolaus raised their target price on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Barclays decreased their target price on Knight-Swift Transportation from $65.00 to $62.00 and set an overweight rating for the company in a research report on Monday, April 1st. Bank of America decreased their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating for the company in a research report on Thursday. Susquehanna decreased their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $57.77.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $47.88 on Thursday. The firm has a market cap of $7.73 billion, a P/E ratio of 36.00, a PEG ratio of 1.40 and a beta of 0.99. 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 stock has a fifty day moving average price of $54.83 and a two-hundred day moving average price of $54.19. Knight-Swift Transportation has a 1 year low of $45.73 and a 1 year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.38). The company 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%. Research analysts forecast that Knight-Swift Transportation will post 2.3 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s payout ratio is 48.12%.

Insider Activity

In other 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 value of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in Knight-Swift Transportation by 8.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the transportation company’s stock worth $131,000 after purchasing an additional 190 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Knight-Swift Transportation by 25.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock worth $50,000 after purchasing an additional 200 shares during the last quarter. Arkadios Wealth Advisors raised its position in Knight-Swift Transportation by 2.9% in the 4th quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock worth $416,000 after purchasing an additional 205 shares during the last quarter. Private Advisor Group LLC raised its position in Knight-Swift Transportation by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock worth $378,000 after purchasing an additional 207 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Knight-Swift Transportation by 0.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 40,074 shares of the transportation company’s stock worth $2,310,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

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.