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 stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total value of $133,300.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

Knight-Swift Transportation Stock Up 1.1 %

Shares of NYSE:KNX opened at $53.95 on Thursday. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 80.52, a PEG ratio of 1.45 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The firm has a fifty day moving average price of $50.46 and a two-hundred day moving average price of $51.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88.

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

Knight-Swift Transportation Dividend Announcement

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

Analyst Upgrades and Downgrades

KNX has been the topic of a number of recent research reports. Barclays upped their price target on Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday. TD Cowen upped their price objective on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Raymond James cut their target price on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 25th. Robert W. Baird lowered their price target on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Wells Fargo & Company initiated coverage on shares of Knight-Swift Transportation in a report on Friday, June 7th. They issued an “overweight” rating and a $56.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.14.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently bought and sold shares of KNX. Rise Advisors LLC bought a new position in shares of Knight-Swift Transportation in the 1st quarter worth $25,000. GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 253 shares during the last quarter. Versant Capital Management Inc raised its position in Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 727 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Knight-Swift Transportation by 61.7% during the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after purchasing an additional 283 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Knight-Swift Transportation by 28.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after purchasing an additional 200 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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.