Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Sells $133,300.00 in Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now directly owns 21,833 shares of the company’s stock, valued at $1,164,135.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $53.95 on Thursday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The company has a market cap of $8.73 billion, a P/E ratio of 80.52, a PEG ratio of 1.45 and a beta of 0.93. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $50.46 and a two-hundred day moving average of $51.60.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.12 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.19%. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KNX shares. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Wells Fargo & Company initiated coverage on Knight-Swift Transportation in a research report on Friday, June 7th. They set an “overweight” rating and a $56.00 price target on the stock. Bank of America upped their price objective on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $53.00 to $47.00 in a report on Friday, April 26th. Finally, Barclays increased their price objective on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.14.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of Knight-Swift Transportation during the 1st quarter valued at $25,000. GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after purchasing an additional 253 shares during the period. Versant Capital Management Inc raised its holdings in Knight-Swift Transportation by 3,461.9% during the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after buying an additional 727 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Knight-Swift Transportation by 61.7% during the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 283 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 200 shares during the period. Institutional investors own 88.77% of the company’s stock.

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.