Fintel reports that on July 21, 2023, Stephens & Co. reiterated coverage of Knight-Swift Transportation Holdings Inc - (NYSE:KNX) with a Overweight recommendation.
Analyst Price Forecast Suggests 18.05% Upside
As of July 6, 2023, the average one-year price target for Knight-Swift Transportation Holdings Inc - is 66.46. The forecasts range from a low of 50.50 to a high of $84.00. The average price target represents an increase of 18.05% from its latest reported closing price of 56.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Knight-Swift Transportation Holdings Inc - is 7,268MM, an increase of 0.41%. The projected annual non-GAAP EPS is 4.31.
Knight-Swift Transportation Holdings Inc - Declares $0.14 Dividend
On April 28, 2023 the company declared a regular quarterly dividend of $0.14 per share ($0.56 annualized). Shareholders of record as of June 9, 2023 received the payment on June 27, 2023. Previously, the company paid $0.14 per share.
At the current share price of $56.30 / share, the stock's dividend yield is 0.99%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.81%, the lowest has been 0.62%, and the highest has been 1.11%. The standard deviation of yields is 0.12 (n=235).
The current dividend yield is 1.52 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.14. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.75%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1066 funds or institutions reporting positions in Knight-Swift Transportation Holdings Inc -. This is a decrease of 8 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to KNX is 0.31%, an increase of 27.42%. Total shares owned by institutions decreased in the last three months by 2.66% to 168,187K shares. 
The put/call ratio of KNX is 3.01, indicating a bearish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 15,706K shares representing 9.75% ownership of the company. In it's prior filing, the firm reported owning 15,666K shares, representing an increase of 0.25%. The firm increased its portfolio allocation in KNX by 6.96% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 4,958K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 4,962K shares, representing a decrease of 0.10%. The firm increased its portfolio allocation in KNX by 3.22% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,733K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 4,640K shares, representing an increase of 1.97%. The firm increased its portfolio allocation in KNX by 1.68% over the last quarter.
VWNDX - Vanguard Windsor Fund Investor Shares holds 4,109K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 4,151K shares, representing a decrease of 1.02%. The firm decreased its portfolio allocation in KNX by 1.54% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,001K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,933K shares, representing an increase of 1.70%. The firm increased its portfolio allocation in KNX by 5.41% over the last quarter.
Knight-Swift Transportation Holdings Background Information
(This description is provided by the company.)
Swift Transportation Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating the country's largest tractor fleet, Swift also contracts with third-party equipment providers to provide a broad range of truckload services to its customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.
Additional reading:
- Knight-Swift Transportation Holdings Inc. Reports Second Quarter 2023 Revenue and Earnings
- Second Quarter 2023 Earnings Exhibit 99.2 2 Disclosure This presentation, including documents incorporated herein by reference, will contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Se
- KNIGHT-SWIFT TRANSPORTATION CLOSES ACQUISITION OF U.S. XPRESS ENTERPRISES AND PROVIDES UPDATE ON MARKET CONDITIONS
- KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. ANNOUNCES QUARTERLY CASH DIVIDEND
- Knight-Swift Transportation Holdings Inc. Reports First Quarter 2023 Revenue and Earnings
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
