Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Average Recommendation of “Moderate Buy” by Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $70.1875.

Several brokerages have issued reports on KNX. Barclays increased their target price on Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 target price on the stock in a research report on Tuesday, June 2nd. Evercore raised Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Friday, March 27th. Robert W. Baird increased their target price on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Benchmark increased their target price on Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd.

Institutional Trading of Knight-Swift Transportation

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in shares of Knight-Swift Transportation by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after purchasing an additional 76,342 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Knight-Swift Transportation by 8,184.6% in the 3rd quarter. William Blair Investment Management LLC now owns 509,919 shares of the transportation company’s stock worth $20,147,000 after purchasing an additional 503,764 shares in the last quarter. AXQ Capital LP bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth approximately $913,000. Strs Ohio raised its holdings in shares of Knight-Swift Transportation by 24.7% in the 4th quarter. Strs Ohio now owns 448,471 shares of the transportation company’s stock worth $23,446,000 after purchasing an additional 88,707 shares in the last quarter. Finally, Primecap Management Co. CA raised its holdings in shares of Knight-Swift Transportation by 32.3% during the third quarter. Primecap Management Co. CA now owns 858,177 shares of the transportation company’s stock valued at $33,907,000 after acquiring an additional 209,300 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 1.3%

Shares of NYSE KNX opened at $79.30 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50 day moving average price is $67.11 and its 200-day moving average price is $59.38. Knight-Swift Transportation has a fifty-two week low of $38.63 and a fifty-two week high of $82.44. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 377.63, a PEG ratio of 1.02 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.20). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. On average, sell-side analysts expect that Knight-Swift Transportation will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 380.95%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.