Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Chairman Sells $1,703,061.01 in Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Knight-Swift Transportation Stock Performance

KNX stock opened at $55.63 on Friday. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 241.88, a PEG ratio of 2.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day moving average is $52.97 and its two-hundred day moving average is $50.94.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm posted $0.41 EPS. Knight-Swift Transportation’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 278.27%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KNX shares. TD Cowen upped their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their price objective on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Raymond James lifted their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Evercore ISI upped their target price on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.38.

Institutional Trading of Knight-Swift Transportation

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of Knight-Swift Transportation during the first quarter valued at $1,935,000. Wedge Capital Management L L P NC grew its position in Knight-Swift Transportation by 9.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock valued at $13,131,000 after buying an additional 21,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Knight-Swift Transportation by 21.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,821 shares of the transportation company’s stock valued at $4,942,000 after buying an additional 15,600 shares in the last quarter. Swedbank AB acquired a new position in Knight-Swift Transportation during the 1st quarter valued at about $3,162,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Knight-Swift Transportation by 12.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 133,178 shares of the transportation company’s stock worth $7,328,000 after buying an additional 15,040 shares in the last quarter. 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.