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.
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.
Further Reading: What is total return in investing?
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.