Insider Buying: Knight-Swift Transportation Holdings Inc (KNX) Director Purchases 1,000 Shares of Stock

Knight-Swift Transportation Holdings Inc (NYSE:KNX) Director Robert E. Synowicki, Jr. bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were acquired at an average price of $28.83 per share, for a total transaction of $28,830.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE:KNX traded down $0.44 during trading on Friday, reaching $26.88. The stock had a trading volume of 3,853,926 shares, compared to its average volume of 2,062,948. Knight-Swift Transportation Holdings Inc has a one year low of $26.67 and a one year high of $51.94. The stock has a market capitalization of $4.79 billion, a P/E ratio of 19.48, a P/E/G ratio of 0.76 and a beta of 1.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Knight-Swift Transportation had a net margin of 13.47% and a return on equity of 7.26%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $0.25 EPS. The company’s revenue was up 158.2% compared to the same quarter last year. On average, research analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 3rd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 30th. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Loop Capital increased their target price on shares of Knight-Swift Transportation from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, October 26th. Robert W. Baird dropped their target price on shares of Knight-Swift Transportation from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. ValuEngine upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Buckingham Research dropped their target price on shares of Knight-Swift Transportation from $54.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, October 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.24.

Several large investors have recently added to or reduced their stakes in the company. Dai Ichi Life Insurance Company Ltd purchased a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at approximately $4,087,000. Legal & General Group Plc raised its position in shares of Knight-Swift Transportation by 13.2% in the 2nd quarter. Legal & General Group Plc now owns 239,416 shares of the transportation company’s stock valued at $9,148,000 after purchasing an additional 27,855 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its position in shares of Knight-Swift Transportation by 33.6% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 797,220 shares of the transportation company’s stock valued at $30,462,000 after purchasing an additional 200,675 shares during the last quarter. Putnam Investments LLC purchased a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at approximately $554,000. Finally, Redmond Asset Management LLC raised its position in shares of Knight-Swift Transportation by 222.5% in the 3rd quarter. Redmond Asset Management LLC now owns 197,725 shares of the transportation company’s stock valued at $6,818,000 after purchasing an additional 136,419 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

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About Knight-Swift Transportation

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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