Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) Director Ploeg David Vander sold 500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company's stock, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Knight-Swift Transportation Trading Down 0.3 %
Knight-Swift Transportation stock traded down $0.14 during midday trading on Friday, hitting $55.77. 174,074 shares of the stock were exchanged, compared to its average volume of 2,061,301. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The stock's 50-day simple moving average is $52.97 and its 200 day simple moving average is $50.94. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 242.40, a PEG ratio of 2.09 and a beta of 0.93.
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Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.88 billion for 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 business's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS 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. Shareholders of record on Friday, December 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 278.27%.
Institutional Investors Weigh In On Knight-Swift Transportation
Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its position in shares of Knight-Swift Transportation by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company's stock worth $1,230,000 after purchasing an additional 196 shares during the period. United Services Automobile Association boosted its position in shares of Knight-Swift Transportation by 1.6% during the second quarter. United Services Automobile Association now owns 12,770 shares of the transportation company's stock worth $637,000 after buying an additional 199 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock valued at $45,000 after buying an additional 200 shares in the last quarter. MQS Management LLC grew its stake in shares of Knight-Swift Transportation by 3.7% in the second quarter. MQS Management LLC now owns 6,981 shares of the transportation company's stock valued at $348,000 after buying an additional 250 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after acquiring an additional 292 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on KNX shares. Susquehanna lifted their price target on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Raymond James lifted their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. The Goldman Sachs Group decreased their price target on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded Knight-Swift Transportation to a "sell" rating in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $56.38.
View Our Latest Research Report on Knight-Swift Transportation
Knight-Swift Transportation Company Profile
(
Get Free Report)
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.
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