Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $56.00.
Several equities research analysts have issued reports on KNX shares. JPMorgan Chase & Co. lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $51.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Barclays lowered their price target on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Stephens reduced their price objective on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Susquehanna lowered their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, Wolfe Research lowered Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th.
Knight-Swift Transportation Trading Down 1.7 %
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. On average, sell-side analysts expect that Knight-Swift Transportation will post 1.23 earnings per share for the current year.
Knight-Swift Transportation Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. Knight-Swift Transportation’s payout ratio is 95.52%.
Hedge Funds Weigh In On Knight-Swift Transportation
Several institutional investors and hedge funds have recently bought and sold shares of KNX. Rise Advisors LLC acquired a new stake in shares of Knight-Swift Transportation in the 1st quarter worth $25,000. GAMMA Investing LLC boosted its holdings in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after acquiring an additional 727 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Knight-Swift Transportation by 80.3% in 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 during the last quarter. 88.77% of the stock is owned by hedge funds and other 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.
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