Knight-Swift Transportation (NYSE:KNX) PT Lowered to $55.00 at Evercore ISI

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by Evercore ISI from $60.00 to $55.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on KNX. Stifel Nicolaus decreased their target price on Knight-Swift Transportation from $60.00 to $53.00 and set a buy rating on the stock in a report on Thursday, April 18th. Stephens lowered their target price on Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating for the company in a research note on Thursday, April 18th. Bank of America decreased their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating on the stock in a report on Tuesday, April 9th. Finally, Loop Capital cut shares of Knight-Swift Transportation from a buy rating to a hold rating and cut their price objective for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $57.71.

Knight-Swift Transportation Trading Down 0.6 %

NYSE KNX traded down $0.28 on Thursday, hitting $46.86. The company’s stock had a trading volume of 1,884,727 shares, compared to its average volume of 2,159,180. Knight-Swift Transportation has a 52-week low of $45.73 and a 52-week high of $60.99. The company’s 50-day simple moving average is $53.72 and its 200 day simple moving average is $54.17. The firm has a market cap of $7.57 billion, a P/E ratio of 70.36, a PEG ratio of 2.48 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.53% and a net margin of 1.50%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Research analysts predict that Knight-Swift Transportation will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a $0.16 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 1.37%. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Insider Activity

In related news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at $287,836.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in Knight-Swift Transportation during the 1st quarter valued at $25,000. GAMMA Investing LLC lifted its position in shares of Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after purchasing an additional 253 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the period. FinTrust Capital Advisors LLC purchased a new position in Knight-Swift Transportation during the 3rd quarter valued at about $42,000. Finally, Blue Trust Inc. increased its stake in Knight-Swift Transportation by 80.3% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Company Profile

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.