Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) Director Douglas L. Col bought 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Knight-Swift Transportation Stock Performance
Shares of KNX stock opened at $46.56 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $44.95 and a 12-month high of $61.51. The business’s fifty day simple moving average is $53.11 and its 200-day simple moving average is $53.60. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.54 billion, a PE ratio of 63.77 and a beta of 0.97.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.
Knight-Swift Transportation Increases Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. lifted its position in Knight-Swift Transportation by 12.3% during the 3rd quarter. Assetmark Inc. now owns 15,724 shares of the transportation company’s stock worth $848,000 after acquiring an additional 1,718 shares during the period. Atria Investments Inc lifted its holdings in shares of Knight-Swift Transportation by 2.1% during the third quarter. Atria Investments Inc now owns 37,447 shares of the transportation company’s stock worth $2,020,000 after purchasing an additional 779 shares during the period. Venturi Wealth Management LLC boosted its position in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after buying an additional 292 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Knight-Swift Transportation in the 3rd quarter worth approximately $378,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Knight-Swift Transportation by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,622 shares of the transportation company’s stock worth $16,920,000 after buying an additional 8,283 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on KNX shares. Benchmark began coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price on the stock. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup raised Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Monday, March 10th. Finally, Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.41.
Check Out Our Latest Analysis on KNX
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.
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