Ploeg David Vander Sells 500 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Ploeg David Vander sold 500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the sale, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX opened at $55.63 on Friday. The stock has a market capitalization of $9.01 billion, a P/E ratio of 241.88, a P/E/G ratio of 2.09 and a beta of 0.93. The business has a 50-day moving average of $53.08 and a two-hundred day moving average of $51.00. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company earned $0.41 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.15%. Knight-Swift Transportation’s payout ratio is 278.27%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. TD Cowen lifted their price target on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America upped their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Tuesday. Finally, Raymond James increased their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.38.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth approximately $1,935,000. Wedge Capital Management L L P NC boosted its stake in Knight-Swift Transportation by 9.0% during the second quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock worth $13,131,000 after buying an additional 21,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Knight-Swift Transportation by 21.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,821 shares of the transportation company’s stock valued at $4,942,000 after buying an additional 15,600 shares in the last quarter. Swedbank AB acquired a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at about $3,162,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Knight-Swift Transportation by 12.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 133,178 shares of the transportation company’s stock valued at $7,328,000 after acquiring an additional 15,040 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

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 transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.