Insider Selling: Erick Kutter Sells 22,500 Shares of Knight Transportation Stock (KNX)
Knight Transportation (NYSE:KNX) Insider Erick Kutter unloaded 22,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $18.93, for a total value of $425,925.00. Following the completion of the sale, the insider now directly owns 9,269 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on KNX. Analysts at Cowen and Company cut their price target on shares of Knight Transportation (NYSE:KNX) from $21.00 to $19.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Knight Transportation (NYSE:KNX) from $15.00 to $17.00 in a research note to investors on Thursday, July 25th. They now have a “sector perform” rating on the stock. Finally, analysts at Knight Equity downgraded shares of Knight Transportation (NYSE:KNX) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 3rd.
One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.55.
Knight Transportation (NYSE:KNX) traded down 0.53% on Thursday, hitting $16.78. The stock had a trading volume of 338,959 shares. Knight Transportation has a 52-week low of $13.74 and a 52-week high of $17.73. The stock’s 50-day moving average is $16.6 and its 200-day moving average is $16.46. The company has a market cap of $1.343 billion and a price-to-earnings ratio of 19.68.
Knight Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $244.80 million for the quarter, compared to the consensus estimate of $248.79 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Knight Transportation will post $0.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 25th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, September 4th.
Knight Transportation, Inc (NYSE:KNX) is a provider of multiple truckload transportation services, which generally involve the movement of full trailer or container loads of freight from origin to destination for a single customer.
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