Knight-Swift Transportation (NYSE:KNX) Raised to “Hold” at StockNews.com

Knight-Swift Transportation (NYSE:KNX) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other equities analysts have also commented on KNX. TD Cowen raised their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. Barclays lifted their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Raymond James upped their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday. Stifel Nicolaus lifted their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average price target of $59.38.

Knight-Swift Transportation Trading Up 4.6 %

Shares of KNX traded up $2.54 during trading hours on Thursday, reaching $57.54. 6,090,904 shares of the company traded hands, compared to its average volume of 2,337,129. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $61.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $55.24 and its two-hundred day moving average price is $53.35. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 250.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. Equities research analysts predict that Knight-Swift Transportation will post 1.04 earnings per share for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company’s stock, valued at $1,754,625.90. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently made changes to their positions in the business. Custom Index Systems LLC lifted its holdings in Knight-Swift Transportation by 8.7% in the 4th quarter. Custom Index Systems LLC now owns 10,531 shares of the transportation company’s stock worth $559,000 after purchasing an additional 839 shares in the last quarter. New England Research & Management Inc. raised its position in shares of Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 19,725 shares during the last quarter. Swedbank AB lifted its holdings in shares of Knight-Swift Transportation by 2.2% in the fourth quarter. Swedbank AB now owns 58,730 shares of the transportation company’s stock worth $3,115,000 after buying an additional 1,266 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Knight-Swift Transportation by 42.5% during the fourth quarter. Hantz Financial Services Inc. now owns 30,162 shares of the transportation company’s stock worth $1,600,000 after acquiring an additional 8,995 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Knight-Swift Transportation by 1.9% during the fourth quarter. Pacer Advisors Inc. now owns 24,248 shares of the transportation company’s stock valued at $1,286,000 after acquiring an additional 445 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

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.