Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) CEO Reid Dove sold 42,290 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $71.49, for a total value of $3,023,312.10. Following the completion of the sale, the chief executive officer directly owned 126,864 shares of the company’s stock, valued at $9,069,507.36. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Reid Dove also recently made the following trade(s):
- On Thursday, August 13th, Reid Dove sold 126,864 shares of Knight-Swift Transportation stock. The stock was sold at an average price of $73.13, for a total value of $9,277,564.32.
- On Friday, July 31st, Reid Dove sold 50,000 shares of Knight-Swift Transportation stock. The stock was sold at an average price of $70.25, for a total value of $3,512,500.00.
Knight-Swift Transportation Price Performance
Shares of KNX opened at $72.32 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $38.63 and a 12-month high of $82.86. The business’s fifty day moving average is $74.55 and its 200 day moving average is $66.41. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market cap of $11.77 billion, a P/E ratio of 278.18, a P/E/G ratio of 0.61 and a beta of 1.18.
Knight-Swift Transportation Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 307.69%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KNX. Benchmark upped their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Susquehanna lifted their price target on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Raymond James Financial boosted their price objective on Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company increased their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.44.
Get Our Latest Research Report on Knight-Swift Transportation
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of KNX. Wellington Management Group LLP increased its position in shares of Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock valued at $675,380,000 after purchasing an additional 2,468,293 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $173,669,000. Invesco Ltd. boosted its holdings in shares of Knight-Swift Transportation by 513.6% in the 4th quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock worth $126,354,000 after buying an additional 2,022,996 shares during the last quarter. Norges Bank purchased a new position in shares of Knight-Swift Transportation in the 4th quarter worth about $92,070,000. Finally, Balyasny Asset Management L.P. grew its position in Knight-Swift Transportation by 269.7% during the third quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after buying an additional 1,627,791 shares during the period. Institutional investors own 88.77% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.
The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.
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