Insider Selling: Keith T. Knight Sells 22,500 Shares of Knight Transportation Stock (KNX)
Knight Transportation (NYSE:KNX) COO Keith T. Knight unloaded 22,500 shares of Knight Transportation stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $24.25, for a total value of $545,625.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Knight Transportation (NYSE:KNX) traded down 1.14% on Wednesday, hitting $24.19. The stock had a trading volume of 372,065 shares. Knight Transportation has a 52-week low of $15.88 and a 52-week high of $25.00. The stock has a 50-day moving average of $23.64 and a 200-day moving average of $21.54. The company has a market cap of $1.955 billion and a P/E ratio of 27.19.
Knight Transportation (NYSE:KNX) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, June 4th.
KNX has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.63.
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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