Knight-Swift Transportation (NYSE:KNX) Reaches New 12-Month Low – What’s Next?

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $44.94 and last traded at $45.37, with a volume of 1937322 shares trading hands. The stock had previously closed at $46.38.

Analyst Ratings Changes

KNX has been the topic of several research reports. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their price target for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Raymond James boosted their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Bank of America increased their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Benchmark began coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price on the stock. Eight investment 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.41.

Knight-Swift Transportation Stock Performance

The company’s 50-day moving average price is $52.82 and its two-hundred day moving average price is $53.54. 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 cap of $7.32 billion, a PE ratio of 62.08 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 98.63%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at $3,729,000. Charles Schwab Investment Management Inc. grew its holdings in Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after acquiring an additional 26,346 shares during the last quarter. Stanley Laman Group Ltd. bought a new stake in Knight-Swift Transportation in the 4th quarter worth $3,021,000. Jane Street Group LLC grew its holdings in Knight-Swift Transportation by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock worth $3,771,000 after acquiring an additional 16,500 shares during the last quarter. Finally, Paloma Partners Management Co grew its holdings in Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock worth $3,237,000 after acquiring an additional 52,323 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

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.