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Several other equities analysts also recently commented on KNX. The Goldman Sachs Group boosted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. TD Cowen boosted their price target on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI increased their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Barclays boosted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, Raymond James raised their target price on shares of Knight-Swift Transportation from $60.00 to $62.00 and gave the company a "strong-buy" rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.56.
Get Our Latest Research Report on Knight-Swift Transportation
Shares of KNX traded up $0.27 during trading hours on Thursday, hitting $56.09. The stock had a trading volume of 466,828 shares, compared to its average volume of 1,617,171. The firm has a market capitalization of $9.08 billion, a PE ratio of 243.90, a PEG ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The stock has a fifty day moving average price of $55.55 and a 200 day moving average price of $53.15.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. During the same period last year, the firm earned $0.41 earnings per share. The company's quarterly revenue was down 7.1% on a year-over-year basis. Analysts anticipate that Knight-Swift Transportation will post 1.04 EPS for the current year.
In other news, Chairman Kevin P. Knight sold 29,779 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of KNX. Deseret Mutual Benefit Administrators boosted its position in shares of Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock valued at $40,000 after purchasing an additional 348 shares during the period. UMB Bank n.a. lifted its stake in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after buying an additional 370 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock valued at $45,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock valued at $61,000 after acquiring an additional 302 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.
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.
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