Citigroup upgraded shares of Knight-Swift Transportation (NYSE:KNX – Free Report) from a sell rating to a neutral rating in a research note published on Monday, MarketBeat Ratings reports. They currently have $53.00 price target on the transportation company’s stock.
Several other analysts have also recently issued reports on the company. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays upped their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Benchmark started coverage on shares of Knight-Swift Transportation in a report on Tuesday, March 4th. They set a “buy” rating and a $63.00 target price on the stock. Finally, Bank of America raised their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Eight 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.41.
Knight-Swift Transportation Stock Performance
Knight-Swift Transportation stock opened at $46.89 on Monday. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $53.67 and a 200-day moving average of $53.80. The stock has a market cap of $7.59 billion, a P/E ratio of 64.23 and a beta of 0.97. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $61.51.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.
Knight-Swift Transportation Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a dividend of $0.18 per share. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation’s payout ratio is currently 98.63%.
Hedge Funds Weigh In On Knight-Swift Transportation
Large investors have recently bought and sold shares of the stock. Voya Investment Management LLC raised its holdings in Knight-Swift Transportation by 0.9% during the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock worth $1,090,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Knight-Swift Transportation by 18.5% during the 4th 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 during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after buying an additional 213 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock valued at $355,000 after buying an additional 216 shares during the period. Finally, Signaturefd LLC boosted its stake in Knight-Swift Transportation by 8.5% during the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock valued at $147,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.
About Knight-Swift Transportation
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.
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