ValuEngine upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a sell rating to a hold rating in a research report report published on Thursday, ValuEngine reports.

Separately, TheStreet upgraded shares of Knight-Swift Transportation from a c+ rating to a b- rating in a research note on Wednesday, February 13th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $44.45.

KNX opened at $32.22 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.07 and a current ratio of 1.07. Knight-Swift Transportation has a fifty-two week low of $23.27 and a fifty-two week high of $42.16. The firm has a market cap of $5.58 billion, a P/E ratio of 12.59, a PEG ratio of 0.81 and a beta of 1.94.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Knight-Swift Transportation had a net margin of 8.28% and a return on equity of 8.69%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $0.44 EPS. Knight-Swift Transportation’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities analysts expect that Knight-Swift Transportation will post 2.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 3rd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, May 31st. Knight-Swift Transportation’s payout ratio is currently 9.38%.

A number of hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its stake in Knight-Swift Transportation by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 95,743 shares of the transportation company’s stock worth $3,129,000 after purchasing an additional 408 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Knight-Swift Transportation by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 66,241 shares of the transportation company’s stock worth $2,165,000 after purchasing an additional 415 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Knight-Swift Transportation by 10.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,650 shares of the transportation company’s stock worth $117,000 after purchasing an additional 450 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its stake in Knight-Swift Transportation by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 19,167 shares of the transportation company’s stock worth $626,000 after purchasing an additional 457 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Knight-Swift Transportation by 2.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 19,170 shares of the transportation company’s stock worth $626,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 83.15% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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.

See Also: What are Institutional Investors?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.