Knight-Swift Transportation (NYSE:KNX) Upgraded at Susquehanna

Susquehanna upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a neutral rating to a positive rating in a research note released on Friday morning, MarketBeat Ratings reports. Susquehanna currently has $67.00 price objective on the transportation company’s stock, up from their prior price objective of $48.00.

Several other research analysts also recently issued reports on the company. Barclays lifted their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Evercore ISI lifted their price objective on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Bank of America reduced their target price on shares of Knight-Swift Transportation from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Morgan Stanley cut their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.19.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $54.52 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. The company has a market cap of $8.83 billion, a P/E ratio of 237.05, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The business has a fifty day moving average of $55.45 and a two-hundred day moving average of $52.85.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, analysts predict that Knight-Swift Transportation will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is presently 278.26%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the 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 transaction, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in Knight-Swift Transportation by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 196 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Knight-Swift Transportation by 8.2% during the second quarter. CIBC Asset Management Inc now owns 4,517 shares of the transportation company’s stock valued at $225,000 after purchasing an additional 343 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Knight-Swift Transportation by 10.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after purchasing an additional 744,412 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth approximately $91,000. Finally, Hudson Edge Investment Partners Inc. boosted its position in Knight-Swift Transportation by 15.7% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 10,411 shares of the transportation company’s stock valued at $520,000 after purchasing an additional 1,414 shares during the period. Institutional investors and hedge funds 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.