In yesterday’s Wall Street session, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) shares traded at $56.32, up 0.84% from the previous session.
As of this writing, 22 analysts cover Knight-Swift Transportation Holdings Inc. (NYSE:KNX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $51.00, we find $62.00. Given the previous closing price of $55.85, this indicates a potential upside of 11.01 percent. KNX stock price is now 1.37% away from the 50-day moving average and 2.55% away from the 200-day moving average. The market capitalization of the company currently stands at $8.99B.
There are 5 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $61.70 as their price target over the next twelve months.
With the price target reduced from $60 to $52, Evercore ISI Downgraded its rating from Outperform to In-line for Knight-Swift Transportation Holdings Inc. (NYSE: KNX).
In other news, Ohlman Dustin, SVP Logistics/Intermodel sold 1,296 shares of the company’s stock on Jun 08. The stock was sold for $73,755 at an average price of $56.91. Upon completion of the transaction, the SVP Logistics/Intermodel now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, SR VP Logistics Stultz Reed sold 2,496 shares of the business’s stock. A total of $141,024 was realized by selling the stock at an average price of $56.50. This leaves the insider owning 1,754 shares of the company worth $98785.28. Insiders disposed of 453,705 shares of company stock worth roughly $25.55 million over the past 1 year. A total of 3.21% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KNX stock. A new stake in Knight-Swift Transportation Holdings Inc. shares was purchased by TIMESSQUARE CAPITAL MANAGEMENT, LLC during the first quarter worth $36,781,000. GLENVIEW CAPITAL MANAGEMENT, LLC invested $21,202,000 in shares of KNX during the first quarter. In the first quarter, MOORE CAPITAL MANAGEMENT, LP acquired a new stake in Knight-Swift Transportation Holdings Inc. valued at approximately $8,696,000. CASTLEARK MANAGEMENT LLC acquired a new stake in KNX for approximately $5,795,000. ILMARINEN MUTUAL PENSION INSURANCE CO purchased a new stake in KNX valued at around $5,632,000 in the second quarter. In total, there are 702 active investors with 94.50% ownership of the company’s stock.
Friday morning saw Knight-Swift Transportation Holdings Inc. (NYSE: KNX) opened at $55.37. During the past 12 months, Knight-Swift Transportation Holdings Inc. has had a low of $45.63 and a high of $64.35. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 1.60, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $11.26B, which is based on a 13.69 price-to-earnings ratio, a 2.61 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for KNX is $55.55 and a two-hundred day moving average price translates $54.95 for the stock.
The latest earnings results from Knight-Swift Transportation Holdings Inc. (NYSE: KNX) was released for Mar, 2023. The net profit margin was 10.70% and return on equity was 11.30% for KNX. The company reported revenue of $1.64 billion for the quarter, compared to $1.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.4 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/27/2023. Investors who held shares on 06/09/2023 were paid a $0.14 dividend. On an annualized basis, this represents a $0.56 dividend and a 0.99% percent yield. There was an ex-dividend date of 06/08/2023 for this dividend. In terms of dividend payout ratio, KNX is presently at 10.10%.
Knight-Swift Transportation Holdings Inc.(KNX) 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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. This segment operated an average of 18,110 tractors, which comprised 16,228 company tractors and 1,882 independent contractor tractors, as well as 74,779 trailers. The LTL segment provides regional transportation services through a network of approximately 110 service centers; and offers national coverage through partner carrier outside the network. This segment operated an average of 3,176 tractors and 8,431 trailers. The Logistic segment offers brokerage and other freight management services through third-party transportation providers and equipment. The Intermodal segment offers transportation services, including freight through third-party intermodal rail services on trailing equipment, such as containers and trailers on flat cars; and drayage services. This segment operated an average of 613 tractors and 11,786 intermodal containers. The company also provides repair and maintenance shop, equipment leasing, warranty, and insurance services; and warehousing and driving academy services, as well as manufactures trailer parts. It serves retail, food and beverage, consumer and paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was incorporated in 1989 and is headquartered in Phoenix, Arizona.
