Knight-Swift Transportation (NYSE:KNX) was upgraded by analysts at Knight Equity to a “buy” rating in a note issued to investors on Sunday, November 26th.
KNX has been the subject of a number of other research reports. BidaskClub upgraded shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Barclays raised their target price on shares of Knight-Swift Transportation from $33.00 to $37.00 and gave the stock an “underweight” rating in a research note on Monday, October 2nd. ValuEngine cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. UBS raised their price target on shares of Knight-Swift Transportation from $43.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. Finally, Buckingham Research initiated coverage on shares of Knight-Swift Transportation in a report on Monday, August 21st. They issued a “buy” rating and a $43.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $41.13.
Knight-Swift Transportation (NYSE KNX) opened at $42.87 on Friday. Knight-Swift Transportation has a 12-month low of $26.68 and a 12-month high of $44.45. The stock has a market cap of $7,624.43, a P/E ratio of 32.14 and a beta of 2.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.32.
Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). Knight-Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. The company had revenue of $521.61 million for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. research analysts anticipate that Knight-Swift Transportation will post 1.13 EPS for the current fiscal year.
In related news, General Counsel Todd F. Carlson sold 9,000 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total value of $353,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Garnreiter sold 2,500 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $38.50, for a total value of $96,250.00. The disclosure for this sale can be found here. Corporate insiders own 44.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in KNX. Teachers Advisors LLC increased its stake in Knight-Swift Transportation by 4.7% during the first quarter. Teachers Advisors LLC now owns 115,261 shares of the transportation company’s stock worth $3,613,000 after acquiring an additional 5,127 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Knight-Swift Transportation by 0.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,370 shares of the transportation company’s stock valued at $1,109,000 after purchasing an additional 150 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Knight-Swift Transportation by 16.1% in the 2nd quarter. Aperio Group LLC now owns 26,663 shares of the transportation company’s stock valued at $988,000 after purchasing an additional 3,694 shares during the last quarter. US Bancorp DE increased its position in Knight-Swift Transportation by 0.3% in the 2nd quarter. US Bancorp DE now owns 29,263 shares of the transportation company’s stock valued at $1,084,000 after acquiring an additional 92 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in Knight-Swift Transportation in the 2nd quarter valued at about $258,000. 78.44% of the stock is currently owned by institutional investors and hedge funds.
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Knight-Swift Transportation Company Profile
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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