Evercore ISI Trims Knight-Swift Transportation (NYSE:KNX) Target Price to $55.00

Knight-Swift Transportation (NYSE:KNX) had its price target trimmed by Evercore ISI from $60.00 to $55.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the transportation company’s stock.

Several other research analysts also recently commented on KNX. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating for the company in a report on Thursday, April 18th. Stephens dropped their price objective on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating for the company in a report on Thursday, April 18th. Loop Capital downgraded shares of Knight-Swift Transportation from a buy rating to a hold rating and dropped their price objective for the company from $63.00 to $53.00 in a report on Thursday, April 18th. JPMorgan Chase & Co. dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating for the company in a report on Tuesday, April 9th. Finally, Barclays decreased their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $57.71.

Knight-Swift Transportation Trading Down 0.5 %

Shares of Knight-Swift Transportation stock opened at $46.89 on Thursday. The company has a market capitalization of $7.57 billion, a P/E ratio of 69.99, a P/E/G ratio of 2.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.93. The company has a fifty day moving average of $53.52 and a 200 day moving average of $54.18. Knight-Swift Transportation has a fifty-two week low of $45.73 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 1.31 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a $0.16 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is 95.52%.

Insider Buying and Selling

In related news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in Knight-Swift Transportation in the 1st quarter worth about $25,000. GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 67.5% in the 1st 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. Massmutual Trust Co. FSB ADV grew its stake in Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after acquiring an additional 385 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Knight-Swift Transportation in the 3rd quarter worth about $42,000. Finally, Blue Trust Inc. grew its stake in Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after acquiring an additional 326 shares in 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.