Knight Transportation Chairman Gary J. Knight Unloads 22,500 Shares (KNX)
Knight Transportation (NYSE:KNX) Chairman Gary J. Knight sold 22,500 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $24.41, for a total value of $549,225.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on KNX. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Knight Transportation in a research note on Tuesday, April 22nd. They now have a $21.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Knight Transportation in a research note on Tuesday, April 15th. They now have a $27.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Knight Transportation has a consensus rating of “Hold” and a consensus target price of $22.63.
Shares of Knight Transportation (NYSE:KNX) traded up 0.33% on Monday, hitting $24.47. The stock had a trading volume of 391,179 shares. Knight Transportation has a 1-year low of $15.88 and a 1-year high of $25.00. The stock’s 50-day moving average is $23.65 and its 200-day moving average is $21.34. The company has a market cap of $1.978 billion and a price-to-earnings ratio of 27.10.
Knight Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $249.20 million for the quarter, compared to the consensus estimate of $246.50 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Knight Transportation will post $1.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 6th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, June 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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