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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has received an average rating of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $75.4118.

Several brokerages have recently issued reports on KNX. UBS Group increased their price target on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 price objective for the company in a report on Tuesday, June 2nd. Barclays increased their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Evercore raised shares of Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Friday, March 27th. Finally, Zacks Research upgraded shares of Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th.

Knight-Swift Transportation Price Performance

KNX opened at $76.36 on Monday. The stock’s 50-day moving average price is $72.30 and its 200 day moving average price is $62.72. Knight-Swift Transportation has a 12-month low of $38.63 and a 12-month high of $82.86. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 363.62, a PEG ratio of 0.97 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 0.45% and a return on equity of 2.94%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a $0.20 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 380.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after purchasing an additional 2,468,293 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Knight-Swift Transportation by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock valued at $486,995,000 after buying an additional 60,750 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Knight-Swift Transportation by 7.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock worth $244,250,000 after buying an additional 315,192 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Knight-Swift Transportation by 50.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after buying an additional 984,422 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Knight-Swift Transportation by 44.3% during the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock worth $127,087,000 after buying an additional 745,787 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

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.