Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Robert E. Synowicki, Jr. Sells 2,500 Shares

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now directly owns 21,833 shares in the company, valued at $1,164,135.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Knight-Swift Transportation Price Performance

KNX opened at $53.91 on Tuesday. The stock has a market cap of $8.71 billion, a P/E ratio of 80.46, a P/E/G ratio of 1.41 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $50.27 and a 200 day simple moving average of $51.63.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.12 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 6th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KNX. Raymond James decreased their price objective on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird lowered their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. UBS Group cut their target price on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Stifel Nicolaus cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price target for the stock from $53.00 to $47.00 in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.79.

Institutional Investors Weigh In On Knight-Swift Transportation

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in Knight-Swift Transportation by 15.7% during the 4th quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock worth $906,016,000 after purchasing an additional 2,137,296 shares in the last quarter. Vanguard Group Inc. raised its position in Knight-Swift Transportation by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 15,021,291 shares of the transportation company’s stock valued at $865,977,000 after buying an additional 57,000 shares during the last quarter. Victory Capital Management Inc. raised its position in Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock valued at $379,133,000 after buying an additional 744,412 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Knight-Swift Transportation by 27.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock valued at $271,121,000 after acquiring an additional 1,176,069 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Knight-Swift Transportation by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,607,802 shares of the transportation company’s stock worth $180,101,000 after acquiring an additional 235,858 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

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.