Knight-Swift Transportation Holdings Inc (NYSE:KNX) CAO Cary M. Flanagan sold 2,500 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $43.11, for a total value of $107,775.00. Following the transaction, the chief accounting officer now owns 2,628 shares of the company’s stock, valued at $113,293.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE:KNX opened at $43.51 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $43.26 and a 200-day simple moving average of $38.13. The company has a market capitalization of $7.40 billion, a PE ratio of 25.90, a P/E/G ratio of 1.31 and a beta of 1.34. Knight-Swift Transportation Holdings Inc has a twelve month low of $27.54 and a twelve month high of $47.32.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Knight-Swift Transportation had a net margin of 6.28% and a return on equity of 6.14%. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc will post 2.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.74%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 14.75%.
A number of equities analysts recently commented on the company. Deutsche Bank raised their target price on Knight-Swift Transportation from $45.00 to $59.00 in a report on Thursday, July 23rd. UBS Group lifted their price objective on shares of Knight-Swift Transportation from $38.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Loop Capital increased their target price on shares of Knight-Swift Transportation from $46.00 to $49.00 in a report on Tuesday, June 23rd. TheStreet raised Knight-Swift Transportation from a “c+” rating to a “b” rating in a research report on Friday, April 24th. Finally, KeyCorp boosted their target price on Knight-Swift Transportation from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.47.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Tree Management LP boosted its holdings in shares of Knight-Swift Transportation by 101.4% in the first quarter. Twin Tree Management LP now owns 786 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 58,086 shares during the period. Bartlett & Co. LLC acquired a new position in Knight-Swift Transportation in the first quarter valued at $41,000. CSat Investment Advisory L.P. raised its holdings in shares of Knight-Swift Transportation by 20.6% in the first quarter. CSat Investment Advisory L.P. now owns 1,605 shares of the transportation company’s stock valued at $53,000 after buying an additional 274 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Knight-Swift Transportation by 68.4% in the second quarter. Signaturefd LLC now owns 1,359 shares of the transportation company’s stock valued at $57,000 after buying an additional 552 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Knight-Swift Transportation by 102.6% during the first quarter. Fifth Third Bancorp now owns 2,000 shares of the transportation company’s stock worth $66,000 after buying an additional 1,013 shares during the period. 85.50% of the stock is currently owned by institutional investors.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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