Knight-Swift Transportation Holdings Inc (NYSE:KNX) EVP James L. Fitzsimmons Sells 1,582 Shares

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Knight-Swift Transportation Holdings Inc (NYSE:KNX) EVP James L. Fitzsimmons sold 1,582 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $36.72, for a total value of $58,091.04.

Shares of KNX traded down $0.31 during mid-day trading on Tuesday, reaching $34.99. The company’s stock had a trading volume of 302,747 shares, compared to its average volume of 2,127,724. The business has a fifty day moving average of $34.50 and a 200 day moving average of $33.15. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.00 and a beta of 1.96. Knight-Swift Transportation Holdings Inc has a 1 year low of $23.27 and a 1 year high of $39.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ 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 return on equity of 8.66% and a net margin of 8.19%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, analysts predict that Knight-Swift Transportation Holdings Inc will post 2.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a $0.06 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. Knight-Swift Transportation’s payout ratio is currently 9.38%.

Several large investors have recently made changes to their positions in KNX. Steward Partners Investment Advisory LLC purchased a new stake in shares of Knight-Swift Transportation during the second quarter worth $25,000. Captrust Financial Advisors purchased a new stake in shares of Knight-Swift Transportation during the second quarter worth $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of Knight-Swift Transportation during the first quarter worth $28,000. First National Bank of South Miami purchased a new stake in shares of Knight-Swift Transportation during the second quarter worth $28,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Knight-Swift Transportation during the second quarter worth $35,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Morgan Stanley set a $48.00 price objective on Knight-Swift Transportation and gave the stock a “buy” rating in a research note on Monday, July 8th. Citigroup raised their price objective on Knight-Swift Transportation from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Susquehanna Bancshares began coverage on Knight-Swift Transportation in a research note on Thursday, September 5th. They set a “positive” rating and a $40.00 price objective for the company. Stephens began coverage on Knight-Swift Transportation in a report on Monday, July 1st. They issued a “buy” rating for the company. Finally, Bank of America restated a “buy” rating and issued a $43.00 target price (up previously from $38.00) on shares of Knight-Swift Transportation in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.46.

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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