Knight-Swift Transportation Holdings Inc (NYSE:KNX) was the target of unusually large options trading activity on Monday. Stock investors purchased 6,046 call options on the stock. This is an increase of 1,173% compared to the typical volume of 475 call options.
In other Knight-Swift Transportation news, COO Kevin Quast sold 4,703 shares of Knight-Swift Transportation stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.36, for a total value of $156,892.08. Following the completion of the transaction, the chief operating officer now directly owns 11,602 shares of the company’s stock, valued at $387,042.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James L. Fitzsimmons sold 1,582 shares of Knight-Swift Transportation stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $36.72, for a total transaction of $58,091.04. 4.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new stake in Knight-Swift Transportation during the second quarter valued at approximately $25,000. Captrust Financial Advisors bought a new stake in Knight-Swift Transportation during the second quarter valued at approximately $25,000. First National Bank of South Miami bought a new stake in Knight-Swift Transportation during the second quarter valued at approximately $28,000. Robeco Institutional Asset Management B.V. bought a new stake in Knight-Swift Transportation during the second quarter valued at approximately $35,000. Finally, Oakworth Capital Inc. bought a new stake in Knight-Swift Transportation during the second quarter valued at approximately $40,000. Institutional investors own 83.53% of the company’s stock.
Several research analysts have recently weighed in on KNX shares. Susquehanna Bancshares started coverage on shares of Knight-Swift Transportation in a report on Thursday, September 5th. They set a “positive” rating and a $40.00 price objective for the company. ValuEngine raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. UBS Group raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $40.00 in a report on Friday, October 11th. Morgan Stanley set a $48.00 price objective on shares of Knight-Swift Transportation and gave the company a “buy” rating in a report on Monday, July 8th. Finally, Citigroup boosted their price objective on shares of Knight-Swift Transportation from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Knight-Swift Transportation currently has an average rating of “Buy” and an average target price of $41.14.
KNX opened at $37.66 on Wednesday. The firm has a 50 day moving average price of $35.70 and a 200-day moving average price of $33.63. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.05 and a beta of 1.98. Knight-Swift Transportation has a twelve month low of $23.27 and a twelve month high of $39.26.
Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.28 billion. Knight-Swift Transportation had a net margin of 8.19% and a return on equity of 8.66%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. As a group, analysts expect that Knight-Swift Transportation will post 2.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 3rd were given a dividend of $0.06 per share. The ex-dividend date was Friday, August 30th. This represents a $0.24 annualized dividend and a yield of 0.64%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 9.38%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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