Knight-Swift (NYSE:KNX) COO Kevin Quast sold 4,508 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $39.98, for a total value of $180,229.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
KNX stock opened at $41.40 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.19 and a beta of 1.72. Knight-Swift has a 1 year low of $31.15 and a 1 year high of $51.94.
Knight-Swift (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. Knight-Swift had a return on equity of 5.75% and a net margin of 13.22%. Knight-Swift’s revenue for the quarter was up 368.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. equities analysts forecast that Knight-Swift will post 2.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Friday, June 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, May 31st. Knight-Swift’s dividend payout ratio is currently 17.39%.
Hedge funds have recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Knight-Swift by 17.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,209 shares of the transportation company’s stock worth $2,457,000 after acquiring an additional 8,400 shares in the last quarter. State of Tennessee Treasury Department acquired a new stake in shares of Knight-Swift during the 4th quarter worth about $4,809,000. Swiss National Bank raised its position in shares of Knight-Swift by 8.8% during the 4th quarter. Swiss National Bank now owns 490,696 shares of the transportation company’s stock worth $21,453,000 after acquiring an additional 39,500 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Knight-Swift during the 4th quarter worth about $10,345,000. Finally, Wells Fargo & Company MN raised its position in shares of Knight-Swift by 127.4% during the 4th quarter. Wells Fargo & Company MN now owns 236,727 shares of the transportation company’s stock worth $10,350,000 after acquiring an additional 132,630 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Knight-Swift from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Credit Suisse Group raised their target price on Knight-Swift from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. UBS raised their target price on Knight-Swift from $57.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Stephens raised their target price on Knight-Swift from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Barclays upgraded Knight-Swift from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $47.00 to $50.00 in a report on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $52.22.
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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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