Knight-Swift Transportation Holdings Inc. (NYSE:KNX) EVP James E. Jr. Updike Sells 2,400 Shares

Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) EVP James E. Jr. Updike sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $55.18, for a total transaction of $132,432.00. Following the completion of the transaction, the executive vice president now owns 19,944 shares of the company’s stock, valued at approximately $1,100,509.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $53.70 on Tuesday. The company has a fifty day simple moving average of $48.17 and a 200 day simple moving average of $50.44. Knight-Swift Transportation Holdings Inc. has a 12-month low of $42.50 and a 12-month high of $62.29. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.78 billion, a P/E ratio of 10.04, a PEG ratio of 0.68 and a beta of 1.24.

Knight-Swift Transportation (NYSE:KNXGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.06. Knight-Swift Transportation had a net margin of 12.26% and a return on equity of 14.44%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm posted $0.98 EPS. Knight-Swift Transportation’s revenue was up 49.1% compared to the same quarter last year. Sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 5.39 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Monday, September 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 0.89%. Knight-Swift Transportation’s payout ratio is 8.97%.

Analysts Set New Price Targets

KNX has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating for the company in a report on Friday, April 8th. Raymond James increased their target price on shares of Knight-Swift Transportation from $50.00 to $53.00 in a research report on Monday, April 25th. Barclays decreased their target price on shares of Knight-Swift Transportation from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Credit Suisse Group decreased their target price on shares of Knight-Swift Transportation to $66.00 in a research report on Friday, July 22nd. Finally, Wolfe Research raised shares of Knight-Swift Transportation from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.94.

Institutional Trading of Knight-Swift Transportation

Several institutional investors have recently made changes to their positions in the company. Transatlantique Private Wealth LLC bought a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth $275,000. Empowered Funds LLC purchased a new position in shares of Knight-Swift Transportation in the 2nd quarter worth about $4,132,000. EverSource Wealth Advisors LLC purchased a new position in shares of Knight-Swift Transportation in the 2nd quarter worth about $49,000. Yousif Capital Management LLC boosted its holdings in shares of Knight-Swift Transportation by 3.0% in the 2nd quarter. Yousif Capital Management LLC now owns 94,114 shares of the transportation company’s stock worth $4,357,000 after buying an additional 2,785 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Knight-Swift Transportation by 291.6% in the 2nd quarter. SG Americas Securities LLC now owns 195,290 shares of the transportation company’s stock worth $9,040,000 after buying an additional 145,417 shares during the last quarter. Institutional investors own 86.20% of the company’s stock.

About Knight-Swift Transportation

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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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

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