Knight-Swift Transportation Holdings Inc (NYSE:SWFT) has been given an average recommendation of “Buy” by the twenty research firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $28.65.

SWFT has been the subject of several recent analyst reports. BidaskClub raised shares of Knight-Swift Transportation Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. ValuEngine raised shares of Knight-Swift Transportation Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cowen and Company reaffirmed a “buy” rating and set a $25.00 price objective on shares of Knight-Swift Transportation Holdings in a research report on Monday, August 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $31.00 price objective (up previously from $29.00) on shares of Knight-Swift Transportation Holdings in a research report on Monday, July 10th. Finally, UBS AG reaffirmed a “buy” rating and set a $31.00 price objective (up previously from $29.00) on shares of Knight-Swift Transportation Holdings in a research report on Tuesday, July 25th.

In other Knight-Swift Transportation Holdings news, insider Richard Stocking sold 78,215 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $28.66, for a total transaction of $2,241,641.90. Following the transaction, the insider now directly owns 108,864 shares in the company, valued at approximately $3,120,042.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Virginia Henkels sold 29,051 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $27.41, for a total value of $796,287.91. Following the transaction, the chief financial officer now owns 39,004 shares in the company, valued at $1,069,099.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,141 shares of company stock worth $6,959,714. Company insiders own 44.90% of the company’s stock.

A number of large investors have recently modified their holdings of SWFT. BlackRock Inc. lifted its stake in Knight-Swift Transportation Holdings by 40,731.1% during the 1st quarter. BlackRock Inc. now owns 4,864,210 shares of the transportation company’s stock valued at $99,912,000 after acquiring an additional 4,852,297 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Knight-Swift Transportation Holdings by 972.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,783,355 shares of the transportation company’s stock valued at $126,758,000 after acquiring an additional 4,337,518 shares in the last quarter. CNH Partners LLC bought a new position in Knight-Swift Transportation Holdings during the 2nd quarter valued at $57,360,000. Alpine Associates Management Inc. bought a new position in Knight-Swift Transportation Holdings during the 2nd quarter valued at $25,225,000. Finally, Vanguard Group Inc. lifted its stake in Knight-Swift Transportation Holdings by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 7,661,850 shares of the transportation company’s stock valued at $157,374,000 after acquiring an additional 629,792 shares in the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.

Knight-Swift Transportation Holdings (NYSE:SWFT) opened at 29.49 on Wednesday. Knight-Swift Transportation Holdings has a 52 week low of $26.72 and a 52 week high of $41.31. The firm has a 50-day moving average of $34.80 and a 200-day moving average of $33.76. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 37.81 and a beta of 1.96.

Knight-Swift Transportation Holdings (NYSE:SWFT) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Knight-Swift Transportation Holdings had a net margin of 2.65% and a return on equity of 15.10%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Equities analysts forecast that Knight-Swift Transportation Holdings will post $1.41 earnings per share for the current year.

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Knight-Swift Transportation Holdings Company Profile

Knight-Swift Transportation Holdings Inc, formerly Swift Transportation Company, provides truckload services in North America. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. The Company provides its services across United States, Mexico and Canada using its dry van, refrigerated, flatbed and specialized trailers, and intermodal containers.

Analyst Recommendations for Knight-Swift Transportation Holdings (NYSE:SWFT)

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