1 week Ago By Defense World Staff
Knight-Swift Transportation Holdings Inc. ( NYSE:KNX – Get Free Report ) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports.
One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $57.00.
A number of brokerages recently issued reports on KNX. Citigroup cut Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company.
in a research report on Tuesday, November 12th. The Goldman Sachs Group raised their target price on shares of Knight-Swift Transportation from $45.00 to $51.
00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Barclays increased their price target on shares of Knight-Swift Transportation from $62.00 to $68.
00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Susquehanna lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $48.
00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Stifel Nicolaus increased their target price on shares of Knight-Swift Transportation from $47.00 to $48.
00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Read Our Latest Stock Report on Knight-Swift Transportation Knight-Swift Transportation Price Performance Knight-Swift Transportation ( NYSE:KNX – Get Free Report ) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.
34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02.
Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%.
The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion.
During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 7.
1% on a year-over-year basis. Equities research analysts anticipate that Knight-Swift Transportation will post 1.05 earnings per share for the current fiscal year.
Knight-Swift Transportation Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were given a $0.16 dividend.
This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.21%.
The ex-dividend date of this dividend was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is currently 278.26%.
Insider Buying and Selling In related news, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.
19, for a total value of $1,703,061.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
Also, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.
00. Following the transaction, the director now directly owns 30,729 shares of the company’s stock, valued at $1,754,625.90.
The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here .
Insiders own 3.00% of the company’s stock. Institutional Investors Weigh In On Knight-Swift Transportation A number of hedge funds and other institutional investors have recently modified their holdings of the company.
Principal Financial Group Inc. lifted its stake in shares of Knight-Swift Transportation by 21.5% during the third quarter.
Principal Financial Group Inc. now owns 653,238 shares of the transportation company’s stock valued at $35,242,000 after buying an additional 115,447 shares during the period. American Trust purchased a new position in shares of Knight-Swift Transportation during the 3rd quarter worth $204,000.
Franklin Resources Inc. acquired a new stake in shares of Knight-Swift Transportation during the third quarter worth $70,185,000. Sanctuary Advisors LLC acquired a new stake in shares of Knight-Swift Transportation during the third quarter worth $378,000.
Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Knight-Swift Transportation by 5.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 81,400 shares of the transportation company’s stock valued at $4,392,000 after purchasing an additional 4,551 shares during the period.
88.77% of the stock is currently owned by hedge funds and other institutional investors. About Knight-Swift Transportation ( Get Free Report Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico.
The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. Featured Stories Five stocks we like better than Knight-Swift Transportation What is the Euro STOXX 50 Index? Work and Play: Investing in the Rise of Bleisure Travel Golden Cross Stocks: Pattern, Examples and Charts Top Dividend Stocks to Buy Now as Bond Yields Could Lower How to Use High Beta Stocks to Maximize Your Investing Profits SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.
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