Knight-Swift Transportation (NYSE:KNX) Hits New 52-Week High at $42.07

Share on StockTwits

Knight-Swift Transportation Holdings Inc (NYSE:KNX) shares reached a new 52-week high during trading on Monday . The company traded as high as $42.07 and last traded at $41.61, with a volume of 2198100 shares trading hands. The stock had previously closed at $41.61.

A number of research analysts have recently commented on the company. Credit Suisse Group upped their target price on Knight-Swift Transportation from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Barclays cut their target price on Knight-Swift Transportation from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Cowen cut their target price on Knight-Swift Transportation from $38.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. KeyCorp upped their target price on Knight-Swift Transportation from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. Finally, Zacks Investment Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating and set a $41.00 price objective for the company in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $40.57.

The company’s 50 day moving average price is $37.28 and its two-hundred day moving average price is $36.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $7.07 billion, a PE ratio of 24.94, a P/E/G ratio of 1.62 and a beta of 1.36.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Knight-Swift Transportation had a net margin of 6.02% and a return on equity of 6.28%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. Analysts forecast that Knight-Swift Transportation Holdings Inc will post 1.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, June 4th. Knight-Swift Transportation’s dividend payout ratio is currently 14.75%.

In other Knight-Swift Transportation news, EVP Timothy Sean Harrington sold 1,800 shares of Knight-Swift Transportation stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $37.47, for a total transaction of $67,446.00. Following the transaction, the executive vice president now directly owns 2,671 shares of the company’s stock, valued at $100,082.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael K. Liu sold 2,924 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $40.98, for a total transaction of $119,825.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 481,110 shares of company stock worth $15,576,663. Insiders own 4.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Optimal Asset Management Inc. purchased a new stake in shares of Knight-Swift Transportation in the 1st quarter valued at approximately $544,000. State of Tennessee Treasury Department grew its holdings in shares of Knight-Swift Transportation by 10.3% in the first quarter. State of Tennessee Treasury Department now owns 138,269 shares of the transportation company’s stock valued at $4,535,000 after purchasing an additional 12,930 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Knight-Swift Transportation by 2.0% in the first quarter. The Manufacturers Life Insurance Company now owns 177,140 shares of the transportation company’s stock valued at $5,810,000 after purchasing an additional 3,510 shares in the last quarter. FDx Advisors Inc. acquired a new position in shares of Knight-Swift Transportation in the first quarter valued at approximately $522,000. Finally, Scopus Asset Management L.P. acquired a new position in shares of Knight-Swift Transportation in the first quarter valued at approximately $16,203,000. 85.79% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile (NYSE:KNX)

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.

Featured Story: What is the Russell 2000 Index?

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.