Knight-Swift Transportation Holdings Inc (NYSE:KNX) Director Sells $105,984.00 in Stock

Knight-Swift Transportation Holdings Inc (NYSE:KNX) Director Ploeg David Vander sold 2,760 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $38.40, for a total value of $105,984.00.

Shares of KNX opened at $38.62 on Thursday. The business’s fifty day simple moving average is $36.32 and its two-hundred day simple moving average is $33.95. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. Knight-Swift Transportation Holdings Inc has a 12 month low of $23.27 and a 12 month high of $39.28. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.14 and a beta of 1.94.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Knight-Swift Transportation had a return on equity of 7.99% and a net margin of 7.80%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was down 10.8% compared to the same quarter last year. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.26 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Giverny Capital Inc. boosted its stake in Knight-Swift Transportation by 3.9% during the 2nd quarter. Giverny Capital Inc. now owns 8,046 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 303 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Knight-Swift Transportation by 2.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,558 shares of the transportation company’s stock valued at $511,000 after purchasing an additional 345 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Knight-Swift Transportation by 0.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,600 shares of the transportation company’s stock valued at $1,793,000 after purchasing an additional 400 shares during the last quarter. First Interstate Bank boosted its stake in Knight-Swift Transportation by 7.0% during the 2nd quarter. First Interstate Bank now owns 9,360 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 615 shares during the last quarter. Finally, Pitcairn Co. boosted its stake in Knight-Swift Transportation by 4.3% during the 2nd quarter. Pitcairn Co. now owns 15,688 shares of the transportation company’s stock valued at $515,000 after purchasing an additional 649 shares during the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

KNX has been the subject of a number of analyst reports. Bank of America reaffirmed a “buy” rating and set a $43.00 price objective (up previously from $38.00) on shares of Knight-Swift Transportation in a research report on Thursday, July 25th. UBS Group raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $39.00 to $40.00 in a research report on Friday, October 11th. Susquehanna Bancshares initiated coverage on Knight-Swift Transportation in a research report on Thursday, September 5th. They set a “positive” rating and a $40.00 price objective for the company. Credit Suisse Group set a $30.00 price objective on Knight-Swift Transportation and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, ValuEngine raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $40.75.

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

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