Shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) have been given an average recommendation of “Hold” by the seventeen analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $49.33.

A number of brokerages recently issued reports on KNX. Zacks Investment Research lowered shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday. Buckingham Research dropped their price target on shares of Knight-Swift Transportation from $54.00 to $49.00 and set a “buy” rating for the company in a research note on Friday. UBS Group lowered their target price on shares of Knight-Swift Transportation from $57.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Credit Suisse Group lowered their target price on shares of Knight-Swift Transportation from $43.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th. Finally, Stifel Nicolaus lowered their target price on shares of Knight-Swift Transportation from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, July 26th.

Shares of NYSE:KNX traded up $0.81 during midday trading on Thursday, reaching $31.88. The company had a trading volume of 44,473 shares, compared to its average volume of 2,644,415. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.14 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.01 and a beta of 1.59. Knight-Swift Transportation has a one year low of $29.00 and a one year high of $51.94.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Knight-Swift Transportation had a net margin of 13.67% and a return on equity of 5.74%. The business’s revenue was up 387.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, equities research analysts forecast that Knight-Swift Transportation will post 2.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Monday, September 3rd were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.24 annualized dividend and a yield of 0.75%. Knight-Swift Transportation’s payout ratio is 17.39%.

In other news, CAO Wayne Yu purchased 1,750 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, August 1st. The stock was bought at an average price of $32.01 per share, with a total value of $56,017.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KNX. Millennium Management LLC boosted its holdings in shares of Knight-Swift Transportation by 334.8% during the first quarter. Millennium Management LLC now owns 3,670,747 shares of the transportation company’s stock valued at $168,891,000 after acquiring an additional 2,826,495 shares during the period. Nomura Holdings Inc. lifted its holdings in Knight-Swift Transportation by 1,681.1% in the second quarter. Nomura Holdings Inc. now owns 1,104,298 shares of the transportation company’s stock worth $42,195,000 after purchasing an additional 1,042,298 shares during the period. Citadel Advisors LLC lifted its holdings in Knight-Swift Transportation by 28.3% in the second quarter. Citadel Advisors LLC now owns 4,297,340 shares of the transportation company’s stock worth $164,202,000 after purchasing an additional 947,818 shares during the period. Point72 Asset Management L.P. lifted its holdings in Knight-Swift Transportation by 111.6% in the second quarter. Point72 Asset Management L.P. now owns 1,699,478 shares of the transportation company’s stock worth $64,937,000 after purchasing an additional 896,212 shares during the period. Finally, FMR LLC lifted its holdings in Knight-Swift Transportation by 100.0% in the second quarter. FMR LLC now owns 1,581,128 shares of the transportation company’s stock worth $60,415,000 after purchasing an additional 790,467 shares during the period. 79.59% of the stock is owned by institutional investors.

About Knight-Swift Transportation

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.

Recommended Story: Discount Rate

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.