Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) was the recipient of some unusual options trading on Thursday. Investors purchased 2,669 put options on the company. This is an increase of 157% compared to the typical daily volume of 1,040 put options.
Knight-Swift Transportation Trading Down 3.0 %
Knight-Swift Transportation stock opened at $45.89 on Friday. The firm’s 50 day moving average price is $52.43 and its two-hundred day moving average price is $54.95. Knight-Swift Transportation has a 1 year low of $45.63 and a 1 year high of $64.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last announced its earnings results on Thursday, July 20th. The transportation company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. Knight-Swift Transportation had a return on equity of 8.08% and a net margin of 7.48%. On average, research analysts predict that Knight-Swift Transportation will post 2.09 EPS for the current fiscal year.
Knight-Swift Transportation Dividend Announcement
Analyst Upgrades and Downgrades
KNX has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Knight-Swift Transportation in a report on Thursday, October 5th. They set a “sell” rating for the company. Stifel Nicolaus cut their price objective on Knight-Swift Transportation from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 18th. Stephens reiterated an “overweight” rating and set a $68.00 price target on shares of Knight-Swift Transportation in a research report on Friday, July 21st. Citigroup cut their price target on Knight-Swift Transportation from $66.00 to $65.00 and set a “buy” rating for the company in a report on Friday, June 30th. Finally, Raymond James raised their target price on Knight-Swift Transportation from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.71.
Get Our Latest Stock Analysis on Knight-Swift Transportation
Insider Activity
In other news, Chairman Kevin P. Knight sold 100,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $60.19, for a total value of $6,019,000.00. Following the transaction, the chairman now owns 1,497,360 shares of the company’s stock, valued at $90,126,098.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Kevin P. Knight sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $60.19, for a total transaction of $6,019,000.00. Following the transaction, the chairman now owns 1,497,360 shares of the company’s stock, valued at approximately $90,126,098.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $59.00, for a total value of $118,000.00. Following the transaction, the chief accounting officer now directly owns 5,880 shares in the company, valued at approximately $346,920. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Hedge Funds Weigh In On Knight-Swift Transportation
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNX. Wellington Management Group LLP raised its position in Knight-Swift Transportation by 0.3% during the first quarter. Wellington Management Group LLP now owns 15,705,799 shares of the transportation company’s stock worth $888,634,000 after acquiring an additional 39,580 shares in the last quarter. Vanguard Group Inc. boosted its position in Knight-Swift Transportation by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,894,447 shares of the transportation company’s stock worth $701,114,000 after buying an additional 84,898 shares during the period. FMR LLC boosted its position in Knight-Swift Transportation by 8.0% during the 1st quarter. FMR LLC now owns 7,426,776 shares of the transportation company’s stock worth $420,207,000 after buying an additional 551,443 shares during the period. State Street Corp boosted its position in Knight-Swift Transportation by 2.7% during the 1st quarter. State Street Corp now owns 6,314,648 shares of the transportation company’s stock worth $318,637,000 after buying an additional 166,644 shares during the period. Finally, Morgan Stanley raised its holdings in Knight-Swift Transportation by 8.4% during the 4th quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock worth $262,859,000 after purchasing an additional 387,501 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors and hedge funds.
About Knight-Swift Transportation
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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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