Knight-Swift Transportation Holdings Inc (NYSE:KNX)’s stock price was up 6.5% on Friday . The stock traded as high as $33.58 and last traded at $33.53, approximately 2,283,180 shares traded hands during trading. An increase of 12% from the average daily volume of 2,032,392 shares. The stock had previously closed at $31.49.
Several analysts have weighed in on KNX shares. ValuEngine raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Sunday, June 30th. Morgan Stanley set a $36.00 price objective on shares of ArcBest and gave the company a “hold” rating in a report on Monday, July 8th. Finally, Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the company a “hold” rating in a report on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Knight-Swift Transportation currently has a consensus rating of “Buy” and a consensus target price of $44.00.
The company’s fifty day simple moving average is $31.21. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.87 and a beta of 1.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.12.
Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.31 billion. Knight-Swift Transportation had a net margin of 8.28% and a return on equity of 8.69%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Monday, June 3rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, May 31st. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 9.38%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Country Trust Bank lifted its stake in shares of Knight-Swift Transportation by 22.1% in the 1st quarter. Country Trust Bank now owns 806,758 shares of the transportation company’s stock valued at $26,365,000 after purchasing an additional 146,162 shares during the period. Norges Bank acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $18,781,000. Nordea Investment Management AB lifted its stake in shares of Knight-Swift Transportation by 18.7% in the 1st quarter. Nordea Investment Management AB now owns 154,083 shares of the transportation company’s stock valued at $5,035,000 after purchasing an additional 24,289 shares during the period. Sigma Planning Corp lifted its stake in shares of Knight-Swift Transportation by 27.9% in the 1st quarter. Sigma Planning Corp now owns 13,402 shares of the transportation company’s stock valued at $438,000 after purchasing an additional 2,926 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Knight-Swift Transportation by 26.0% in the 4th quarter. Hsbc Holdings PLC now owns 58,613 shares of the transportation company’s stock valued at $1,470,000 after purchasing an additional 12,111 shares during the period. Hedge funds and other institutional investors own 82.86% of the company’s stock.
About Knight-Swift Transportation (NYSE:KNX)
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.
Further Reading: Return on Investment (ROI)
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