Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) EVP Timothy Sean Harrington sold 1,200 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $52.00, for a total transaction of $62,400.00. Following the completion of the sale, the executive vice president now owns 5,278 shares of the company’s stock, valued at approximately $274,456. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Knight-Swift Transportation Stock Down 0.8 %
Knight-Swift Transportation stock opened at $51.07 on Tuesday. The stock has a market capitalization of $8.24 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.73 and a twelve month high of $64.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $50.17 and a 200-day moving average of $54.05.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Knight-Swift Transportation had a net margin of 5.41% and a return on equity of 6.03%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.09 EPS for the current fiscal year.
Knight-Swift Transportation Announces Dividend
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in KNX. Orion Capital Management LLC acquired a new position in shares of Knight-Swift Transportation in the first quarter valued at approximately $26,000. Steward Financial Group LLC acquired a new position in Knight-Swift Transportation during the second quarter worth $27,000. Venturi Wealth Management LLC acquired a new position in Knight-Swift Transportation during the first quarter worth $28,000. DecisionPoint Financial LLC acquired a new position in Knight-Swift Transportation during the second quarter worth $36,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Knight-Swift Transportation by 111.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 657 shares of the transportation company’s stock worth $37,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on KNX shares. Morgan Stanley boosted their price target on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Susquehanna dropped their price target on shares of Knight-Swift Transportation from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, October 3rd. StockNews.com started coverage on shares of Knight-Swift Transportation in a research note on Thursday, October 5th. They set a “sell” rating for the company. JPMorgan Chase & Co. raised shares of Knight-Swift Transportation from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $54.00 to $57.00 in a research note on Friday, October 20th. Finally, TheStreet downgraded shares of Knight-Swift Transportation from a “b-” rating to a “c+” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.19.
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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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