Insider Selling: Knight-Swift Transportation Holdings Inc (KNX) Director Sells 2,500 Shares of Stock

Knight-Swift Transportation Holdings Inc (NYSE:KNX) Director Michael Garnreiter sold 2,500 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $38.50, for a total transaction of $96,250.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Knight-Swift Transportation Holdings Inc (NYSE KNX) opened at $42.85 on Monday. Knight-Swift Transportation Holdings Inc has a 1 year low of $26.68 and a 1 year high of $44.45. The firm has a market cap of $7,624.43, a PE ratio of 32.14 and a beta of 2.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.32.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Monday, November 6th. The transportation company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). Knight-Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. The firm had revenue of $521.61 million for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $0.34 EPS. equities analysts expect that Knight-Swift Transportation Holdings Inc will post 1.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. Knight-Swift Transportation’s dividend payout ratio is currently 6.66%.

Several institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its position in shares of Knight-Swift Transportation by 313.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 26,522 shares of the transportation company’s stock worth $1,035,000 after buying an additional 20,100 shares in the last quarter. Green Square Capital LLC bought a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $592,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $5,877,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $1,995,000. Finally, California State Teachers Retirement System lifted its position in shares of Knight-Swift Transportation by 124.2% during the 3rd quarter. California State Teachers Retirement System now owns 201,033 shares of the transportation company’s stock worth $8,353,000 after buying an additional 111,375 shares in the last quarter. 78.44% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on KNX. Barclays increased their price objective on shares of Knight-Swift Transportation from $33.00 to $37.00 and gave the stock an “underweight” rating in a research report on Monday, October 2nd. ValuEngine cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seaport Global Securities reissued a “buy” rating on shares of Knight-Swift Transportation in a research report on Thursday, September 21st. UBS increased their price objective on shares of Knight-Swift Transportation from $43.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. Finally, Zacks Investment Research cut shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.13.

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Knight-Swift Transportation Company Profile

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

Insider Buying and Selling by Quarter for Knight-Swift Transportation (NYSE:KNX)

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