Knight-Swift Transportation (NYSE:KNX) had its price objective decreased by Robert W. Baird from $42.00 to $40.00 in a research report sent to investors on Thursday. Robert W. Baird currently has an outperform rating on the transportation company’s stock.
Several other research analysts also recently commented on KNX. ValuEngine upgraded Knight-Swift Transportation from a sell rating to a hold rating in a research note on Friday. Zacks Investment Research raised Knight-Swift Transportation from a hold rating to a buy rating and set a $44.00 price target on the stock in a report on Wednesday, June 27th. KeyCorp lowered their price target on Knight-Swift Transportation from $45.00 to $41.00 and set an overweight rating on the stock in a report on Thursday. UBS Group lowered their price target on Knight-Swift Transportation from $57.00 to $42.00 and set a buy rating on the stock in a report on Thursday, July 26th. Finally, Credit Suisse Group lowered their price target on Knight-Swift Transportation from $43.00 to $37.00 and set a neutral rating on the stock in a report on Thursday, July 26th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $48.18.
NYSE KNX traded down $1.38 during trading hours on Thursday, hitting $32.01. The company had a trading volume of 3,330,700 shares, compared to its average volume of 2,668,377. Knight-Swift Transportation has a 52 week low of $29.00 and a 52 week high of $51.94. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.44 billion, a P/E ratio of 23.20, a P/E/G ratio of 0.89 and a beta of 1.59.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Monday, September 3rd were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. Knight-Swift Transportation’s payout ratio is currently 17.39%.
In other Knight-Swift Transportation news, CAO Wayne Yu purchased 1,750 shares of the stock in a transaction on Wednesday, August 1st. The shares were purchased at an average price of $32.01 per share, with a total value of $56,017.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 27.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dai Ichi Life Insurance Company Ltd purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter valued at about $4,087,000. Legal & General Group Plc raised its holdings in shares of Knight-Swift Transportation by 13.2% during the 2nd quarter. Legal & General Group Plc now owns 239,416 shares of the transportation company’s stock valued at $9,148,000 after buying an additional 27,855 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 33.6% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 797,220 shares of the transportation company’s stock valued at $30,462,000 after buying an additional 200,675 shares in the last quarter. Putnam Investments LLC purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter valued at about $554,000. Finally, Stephens Inc. AR purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter valued at about $319,000. 79.94% of the stock is currently owned by institutional investors.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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