Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Knight-Swift Transportation Trading Up 2.1 %
NYSE:KNX opened at $46.56 on Friday. The stock has a fifty day moving average price of $53.11 and a two-hundred day moving average price of $53.59. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 63.77 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a 1 year low of $44.95 and a 1 year high of $61.51.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.
Knight-Swift Transportation Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a $0.18 dividend. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.55%. Knight-Swift Transportation's dividend payout ratio is 98.63%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Raymond James increased their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Citigroup upgraded shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price target on the stock in a report on Monday, March 10th. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Benchmark assumed coverage on Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a "buy" rating and a $63.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.41.
Get Our Latest Analysis on Knight-Swift Transportation
Institutional Trading of Knight-Swift Transportation
A number of large investors have recently made changes to their positions in KNX. Parkside Financial Bank & Trust boosted its stake in shares of Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after acquiring an additional 322 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after acquiring an additional 370 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock valued at $62,000 after acquiring an additional 292 shares during the last quarter. Quarry LP boosted its stake in shares of Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company's stock valued at $65,000 after acquiring an additional 499 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.
About Knight-Swift Transportation
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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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