Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Ploeg David Vander Sells 500 Shares

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now directly owns 30,729 shares in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Knight-Swift Transportation Stock Performance

NYSE:KNX 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 business has a fifty day simple moving average of $53.08 and a two-hundred day simple moving average of $51.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $9.01 billion, a P/E ratio of 241.88, a P/E/G ratio of 2.09 and a beta of 0.93.

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

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be paid a $0.16 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. Knight-Swift Transportation’s dividend payout ratio is currently 278.27%.

Wall Street Analyst Weigh In

KNX has been the subject of a number of research analyst reports. TD Cowen lifted their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America boosted their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a research report on Tuesday. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Finally, The Goldman Sachs Group decreased their price objective on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $56.38.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Knight-Swift Transportation by 10.9% in the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after buying an additional 744,412 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Knight-Swift Transportation by 27.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock valued at $271,121,000 after acquiring an additional 1,176,069 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Knight-Swift Transportation by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock worth $219,870,000 after acquiring an additional 467,647 shares in the last quarter. Geode Capital Management LLC raised its stake in Knight-Swift Transportation by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock valued at $147,529,000 after buying an additional 46,436 shares during the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in Knight-Swift Transportation by 3.6% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,637,206 shares of the transportation company’s stock worth $81,729,000 after purchasing an additional 57,493 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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 transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.