Knight-Swift Transportation (NYSE:KNX) Given New $45.00 Price Target at Susquehanna

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by Susquehanna from $54.00 to $45.00 in a research report released on Thursday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on KNX. Barclays lowered their price objective on Knight-Swift Transportation from $68.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. UBS Group decreased their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and reduced their price target for the company from $53.00 to $48.00 in a research report on Tuesday, April 8th. Finally, Bank of America cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $66.00 to $46.00 in a research report on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $51.19.

Knight-Swift Transportation Stock Up 1.9 %

Shares of NYSE:KNX opened at $40.36 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51. The firm has a market capitalization of $6.54 billion, a P/E ratio of 55.29 and a beta of 1.16. The stock has a 50 day moving average price of $44.71 and a 200-day moving average price of $51.40.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were issued a $0.18 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.78%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its position in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after buying an additional 322 shares in the last quarter. UMB Bank n.a. increased its holdings in Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after acquiring an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after acquiring an additional 213 shares during the period. GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 18.5% during the fourth 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. Finally, Arcadia Investment Management Corp MI boosted its position in shares of Knight-Swift Transportation by 167.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock worth $71,000 after purchasing an additional 836 shares during the period. 88.77% of the stock is owned by institutional investors.

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.