Traders Buy High Volume of Knight-Swift Transportation Call Options (NYSE:KNX)

Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders bought 20,843 call options on the stock. This is an increase of 1,733% compared to the typical volume of 1,137 call options.

Knight-Swift Transportation Stock Down 0.0%

Shares of NYSE KNX traded down $0.01 during midday trading on Tuesday, hitting $68.42. The stock had a trading volume of 2,682,755 shares, compared to its average volume of 3,657,123. The business’s 50 day moving average is $71.32 and its 200-day moving average is $68.04. Knight-Swift Transportation has a 52 week low of $38.63 and a 52 week high of $82.86. 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 company has a market cap of $11.14 billion, a P/E ratio of 263.17, a PEG ratio of 0.56 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, analysts predict that Knight-Swift Transportation will post 2.49 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 307.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KNX shares. Stifel Nicolaus raised their target price on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. Citizens Jmp began coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 target price on the stock. 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 research report on Thursday, July 9th. Finally, Barclays boosted their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $84.26.

Get Our Latest Research Report on KNX

Insider Activity

In related news, CAO Cary Flanagan sold 3,600 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares in the company, valued at $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the transaction, the director directly owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. The trade was a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 224,954 shares of company stock valued at $16,183,454. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of hedge funds have recently bought and sold shares of the business. MCF Advisors LLC lifted its position in Knight-Swift Transportation by 55.8% during the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 242 shares during the period. Engineers Gate Manager LP grew its position in Knight-Swift Transportation by 54.3% in the 2nd quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock worth $13,646,000 after purchasing an additional 61,706 shares during the period. Cidel Asset Management Inc. purchased a new stake in Knight-Swift Transportation during the 2nd quarter valued at $208,000. NewEdge Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 245.5% in the 2nd quarter. NewEdge Advisors LLC now owns 12,875 shares of the transportation company’s stock worth $1,003,000 after buying an additional 9,149 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Knight-Swift Transportation by 50.5% in the 2nd quarter. IFP Advisors Inc now owns 3,065 shares of the transportation company’s stock worth $239,000 after buying an additional 1,029 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

(Get Free Report)

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.

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