Knight-Swift Transportation Holdings Inc. (NYSE:KNX) EVP Sells $143,136.72 in Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) EVP James L. Fitzsimmons sold 2,664 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $53.73, for a total transaction of $143,136.72. Following the completion of the sale, the executive vice president now directly owns 4,632 shares of the company’s stock, valued at approximately $248,877.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Knight-Swift Transportation Stock Down 0.6 %

Shares of KNX traded down $0.33 during trading hours on Monday, hitting $51.15. The stock had a trading volume of 721,459 shares, compared to its average volume of 1,947,386. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $50.18 and a 200-day simple moving average of $54.09. The firm has a market capitalization of $8.25 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.73 and a 1-year high of $64.35.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.89 billion. Knight-Swift Transportation had a net margin of 5.41% and a return on equity of 6.03%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. Sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.09 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, December 7th. Knight-Swift Transportation’s payout ratio is presently 24.14%.

Institutional Trading of Knight-Swift Transportation

Several institutional investors and hedge funds have recently made changes to their positions in KNX. Raymond James & Associates raised its holdings in shares of Knight-Swift Transportation by 22.1% in the first quarter. Raymond James & Associates now owns 76,395 shares of the transportation company’s stock valued at $3,855,000 after purchasing an additional 13,808 shares during the last quarter. US Bancorp DE raised its stake in shares of Knight-Swift Transportation by 57.6% during the 1st quarter. US Bancorp DE now owns 14,450 shares of the transportation company’s stock worth $729,000 after purchasing an additional 5,283 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Knight-Swift Transportation by 23.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,997 shares of the transportation company’s stock worth $706,000 after purchasing an additional 2,677 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Knight-Swift Transportation by 3.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 211,351 shares of the transportation company’s stock valued at $11,126,000 after buying an additional 7,824 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Knight-Swift Transportation by 6.7% during the 1st quarter. Sei Investments Co. now owns 141,380 shares of the transportation company’s stock valued at $7,135,000 after buying an additional 8,923 shares during the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KNX. Raymond James boosted their target price on shares of Knight-Swift Transportation from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. StockNews.com assumed coverage on Knight-Swift Transportation in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. upgraded Knight-Swift Transportation from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $54.00 to $57.00 in a research note on Friday, October 20th. TheStreet downgraded shares of Knight-Swift Transportation from a “b-” rating to a “c+” rating in a report on Wednesday, October 18th. Finally, Susquehanna lowered their price target on shares of Knight-Swift Transportation from $51.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $63.19.

Knight-Swift Transportation 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.