6 days Ago By Defense World Staff
Knight-Swift Transportation (NYSE:KNX – Free Report) had its price objective lowered by Stifel Nicolaus from $57.00 to $49.00 in a research note released on Monday morning,Benzinga reports.
The firm currently has a hold rating on the transportation company’s stock.A number of other research analysts also recently commented on the company. Bank of America downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $66.
00 to $46.00 in a report on Tuesday, April 1st. The Goldman Sachs Group dropped their price target on Knight-Swift Transportation from $55.
00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Susquehanna reduced their price objective on shares of Knight-Swift Transportation from $67.
00 to $54.00 and set a “positive” rating for the company in a research report on Wednesday, March 26th. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $53.
00 to $48.00 in a research note on Tuesday, April 8th. Finally, Benchmark restated a “buy” rating and issued a $63.
00 price target on shares of Knight-Swift Transportation in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.
00.Check Out Our Latest Report on Knight-Swift TransportationKnight-Swift Transportation Stock PerformanceNYSE:KNX opened at $40.54 on Monday.
The company has a 50 day moving average price of $47.14 and a 200 day moving average price of $52.10.
Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.
85. The stock has a market capitalization of $6.57 billion, a P/E ratio of 55.
53 and a beta of 1.16. Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd.
The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.
03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.
59%. Equities research analysts forecast that Knight-Swift Transportation will post 2.13 EPS for the current year.
Knight-Swift Transportation Increases DividendThe company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a dividend of $0.18 per share.
This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.78%.
This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th.
Knight-Swift Transportation’s dividend payout ratio is presently 98.63%. Insider Activity at Knight-Swift TransportationIn related news, Director Douglas L.
Col bought 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $45.37 per share, with a total value of $226,850.
00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.
Institutional Inflows and OutflowsA number of institutional investors have recently made changes to their positions in the company. Pallas Capital Advisors LLC acquired a new stake in Knight-Swift Transportation in the first quarter valued at $974,000. Wedge Capital Management L L P NC lifted its position in shares of Knight-Swift Transportation by 2.
7% in the 1st quarter. Wedge Capital Management L L P NC now owns 216,125 shares of the transportation company’s stock worth $9,399,000 after buying an additional 5,729 shares during the last quarter. UMB Bank n.
a. raised its position in shares of Knight-Swift Transportation by 40.0% during the 1st quarter.
UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after purchasing an additional 324 shares during the period.
Merit Financial Group LLC acquired a new position in shares of Knight-Swift Transportation during the first quarter valued at $791,000. Finally, GAMMA Investing LLC lifted its position in Knight-Swift Transportation by 3,369.4% in the 1st quarter.
GAMMA Investing LLC now owns 46,317 shares of the transportation company’s stock valued at $2,014,000 after purchasing an additional 44,982 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.
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.
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