Knight-Swift Transportation (NYSE:KNX) Upgraded by StockNews.com to Hold Rating

Knight-Swift Transportation (NYSE:KNX) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Other equities research analysts also recently issued research reports about the stock. TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective 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. Raymond James boosted their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday. Bank of America increased their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Morgan Stanley dropped their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Knight-Swift Transportation Trading Up 4.6 %

KNX traded up $2.54 on Thursday, hitting $57.54. The company had a trading volume of 6,090,904 shares, compared to its average volume of 2,337,129. The business’s fifty day simple moving average is $55.24 and its 200 day simple moving average is $53.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $61.51. The company has a market cap of $9.32 billion, a PE ratio of 250.19, a PEG ratio of 1.03 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. Equities research analysts expect that Knight-Swift Transportation will post 1.04 EPS for the current year.

Insider Activity at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now owns 30,729 shares of the company’s stock, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Custom Index Systems LLC grew its holdings in Knight-Swift Transportation by 8.7% in the fourth quarter. Custom Index Systems LLC now owns 10,531 shares of the transportation company’s stock worth $559,000 after purchasing an additional 839 shares during the last quarter. New England Research & Management Inc. grew its stake in Knight-Swift Transportation by 199.2% during the 4th quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock worth $1,571,000 after buying an additional 19,725 shares during the last quarter. Swedbank AB increased its position in Knight-Swift Transportation by 2.2% during the 4th quarter. Swedbank AB now owns 58,730 shares of the transportation company’s stock valued at $3,115,000 after buying an additional 1,266 shares in the last quarter. Hantz Financial Services Inc. increased its position in Knight-Swift Transportation by 42.5% during the 4th quarter. Hantz Financial Services Inc. now owns 30,162 shares of the transportation company’s stock valued at $1,600,000 after buying an additional 8,995 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Knight-Swift Transportation by 1.9% in the fourth quarter. Pacer Advisors Inc. now owns 24,248 shares of the transportation company’s stock valued at $1,286,000 after buying an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.