Shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) have received a consensus rating of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $45.20.
Separately, ValuEngine cut shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.
NYSE:KNX traded down $0.50 on Tuesday, reaching $29.55. The stock had a trading volume of 171,067 shares, compared to its average volume of 1,785,344. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $30.75. The company has a market cap of $5.20 billion, a PE ratio of 11.64, a P/E/G ratio of 0.80 and a beta of 1.93. Knight-Swift Transportation has a 12-month low of $23.27 and a 12-month high of $40.52.
Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Knight-Swift Transportation had a net margin of 8.28% and a return on equity of 8.69%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities analysts predict that Knight-Swift Transportation will post 2.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 3rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.24 annualized dividend and a yield of 0.81%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 9.38%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNX. Bank of Montreal Can boosted its holdings in Knight-Swift Transportation by 22.9% in the fourth quarter. Bank of Montreal Can now owns 19,883 shares of the transportation company’s stock valued at $499,000 after purchasing an additional 3,704 shares during the period. Advisors Asset Management Inc. boosted its holdings in Knight-Swift Transportation by 44.3% in the fourth quarter. Advisors Asset Management Inc. now owns 10,712 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 3,291 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Knight-Swift Transportation by 44.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 15,403 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 4,750 shares during the period. Rhumbline Advisers boosted its holdings in Knight-Swift Transportation by 38.9% in the fourth quarter. Rhumbline Advisers now owns 319,482 shares of the transportation company’s stock valued at $8,009,000 after purchasing an additional 89,491 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in Knight-Swift Transportation by 8.5% in the fourth quarter. TD Asset Management Inc. now owns 11,119 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 873 shares during the period. Hedge funds and other institutional investors own 82.86% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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