Knight-Swift Transportation Holdings Inc (NYSE:KNX) was the target of unusually large options trading on Tuesday. Stock investors purchased 2,261 call options on the company. This represents an increase of approximately 1,078% compared to the average daily volume of 192 call options.
Knight-Swift Transportation (NYSE:KNX) opened at $49.33 on Wednesday. The firm has a market capitalization of $8,766.90, a PE ratio of 37.91, a PEG ratio of 1.45 and a beta of 1.68. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. Knight-Swift Transportation has a 12-month low of $26.68 and a 12-month high of $51.94.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Knight-Swift Transportation had a return on equity of 5.92% and a net margin of 12.58%. The business’s quarterly revenue was up 370.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. sell-side analysts forecast that Knight-Swift Transportation will post 2.26 EPS for the current year.
KNX has been the subject of a number of analyst reports. Zacks Investment Research lowered Knight-Swift Transportation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. KeyCorp upgraded Knight-Swift Transportation from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, November 14th. Knight Equity upgraded Knight-Swift Transportation to a “buy” rating in a research note on Tuesday, November 14th. Morgan Stanley initiated coverage on Knight-Swift Transportation in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Cowen increased their price target on Knight-Swift Transportation from $38.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.60.
Several institutional investors have recently modified their holdings of KNX. Northwestern Mutual Wealth Management Co. grew its position in shares of Knight-Swift Transportation by 79.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,007 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 1,332 shares in the last quarter. Cigna Investments Inc. New purchased a new position in shares of Knight-Swift Transportation during the fourth quarter valued at about $206,000. Oakbrook Investments LLC purchased a new position in shares of Knight-Swift Transportation during the fourth quarter valued at about $210,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $231,000. Finally, Toronto Dominion Bank bought a new position in shares of Knight-Swift Transportation in the 3rd quarter valued at about $234,000. Hedge funds and other institutional investors own 80.52% of the company’s stock.
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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.
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