Knight-Swift Transportation Target of Unusually Large Options Trading (NYSE:KNX)

Knight-Swift Transportation Holdings Inc (NYSE:KNX) was the recipient of some unusual options trading activity on Monday. Traders acquired 6,046 call options on the stock. This represents an increase of approximately 1,173% compared to the typical daily volume of 475 call options.

In other news, EVP James L. Fitzsimmons sold 1,582 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $36.72, for a total transaction of $58,091.04. Also, COO Kevin Quast sold 4,703 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.36, for a total transaction of $156,892.08. Following the sale, the chief operating officer now owns 11,602 shares in the company, valued at approximately $387,042.72. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KNX. Nuveen Asset Management LLC grew its holdings in Knight-Swift Transportation by 2,097.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,478,357 shares of the transportation company’s stock worth $48,550,000 after acquiring an additional 1,411,082 shares during the last quarter. Scout Investments Inc. bought a new stake in Knight-Swift Transportation in the 3rd quarter worth $18,266,000. Invesco Ltd. grew its holdings in Knight-Swift Transportation by 15.3% in the 2nd quarter. Invesco Ltd. now owns 3,534,626 shares of the transportation company’s stock worth $116,076,000 after acquiring an additional 467,967 shares during the last quarter. BlackRock Inc. grew its holdings in Knight-Swift Transportation by 2.7% in the 2nd quarter. BlackRock Inc. now owns 12,280,414 shares of the transportation company’s stock worth $403,290,000 after acquiring an additional 319,842 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Knight-Swift Transportation by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,527,496 shares of the transportation company’s stock worth $110,904,000 after acquiring an additional 293,814 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on KNX. Stephens started coverage on shares of Knight-Swift Transportation in a research report on Monday, July 1st. They set a “buy” rating on the stock. KeyCorp increased their target price on shares of Knight-Swift Transportation from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Susquehanna Bancshares started coverage on shares of Knight-Swift Transportation in a report on Thursday, September 5th. They set a “positive” rating and a $40.00 target price on the stock. UBS Group raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their target price for the company from $39.00 to $40.00 in a report on Friday, October 11th. Finally, Cowen set a $39.00 target price on shares of Knight-Swift Transportation and gave the company a “hold” rating in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $41.14.

KNX stock opened at $37.66 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. Knight-Swift Transportation has a 52 week low of $23.27 and a 52 week high of $39.26. The firm’s fifty day moving average is $35.70 and its 200 day moving average is $33.63. The firm has a market cap of $6.23 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.05 and a beta of 1.98.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.28 billion. Knight-Swift Transportation had a net margin of 8.19% and a return on equity of 8.66%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. As a group, analysts forecast that Knight-Swift Transportation will post 2.32 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Friday, August 30th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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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