Knight Transportation (NYSE:KNX) COO Kevin Quast sold 3,469 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $31.71, for a total value of $110,001.99. Following the completion of the sale, the chief operating officer now owns 63,497 shares in the company, valued at approximately $2,013,489.87. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Knight Transportation (NYSE:KNX) traded up 1.39% during mid-day trading on Tuesday, hitting $32.80. The company’s stock had a trading volume of 1,563,981 shares. The company has a market cap of $2.64 billion, a PE ratio of 30.94 and a beta of 0.74. Knight Transportation has a 12-month low of $24.78 and a 12-month high of $38.80. The stock has a 50-day moving average of $32.79 and a 200-day moving average of $33.28.

Knight Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 26th. The transportation company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $271.18 million for the quarter, compared to the consensus estimate of $276.27 million. Knight Transportation had a return on equity of 12.58% and a net margin of 8.30%. Knight Transportation’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. On average, equities research analysts forecast that Knight Transportation will post $1.01 EPS for the current year.

Insider Buying and Selling by Quarter for Knight Transportation (NYSE:KNX)

The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 2nd will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.24 dividend on an annualized basis and a yield of 0.73%. Knight Transportation’s payout ratio is 20.87%.

TRADEMARK VIOLATION WARNING: “Knight Transportation (KNX) COO Kevin Quast Sells 3,469 Shares” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/23/knight-transportation-knx-coo-kevin-quast-sells-3469-shares.html.

Several research firms have commented on KNX. Stifel Nicolaus upgraded Knight Transportation from a “sell” rating to a “hold” rating and upped their price objective for the stock from $28.00 to $29.00 in a research report on Friday, February 10th. Bank of America Corp upgraded Knight Transportation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $41.00 in a research report on Tuesday, April 11th. Deutsche Bank AG upgraded Knight Transportation from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $40.00 in a research report on Tuesday, April 11th. Robert W. Baird upgraded Knight Transportation from a “neutral” rating to an “outperform” rating and increased their target price for the company from $35.00 to $36.00 in a research report on Monday, April 17th. Finally, Cowen and Company increased their target price on Knight Transportation from $25.00 to $29.00 and gave the company a “market perform” rating in a research report on Thursday, January 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Knight Transportation presently has an average rating of “Hold” and a consensus target price of $34.79.

A number of hedge funds have recently bought and sold shares of KNX. BlackRock Advisors LLC increased its stake in Knight Transportation by 13.8% in the third quarter. BlackRock Advisors LLC now owns 34,346 shares of the transportation company’s stock worth $985,000 after buying an additional 4,173 shares during the last quarter. New York State Common Retirement Fund increased its stake in Knight Transportation by 6.0% in the third quarter. New York State Common Retirement Fund now owns 92,400 shares of the transportation company’s stock worth $2,651,000 after buying an additional 5,200 shares during the last quarter. Teachers Advisors LLC increased its stake in Knight Transportation by 1.0% in the third quarter. Teachers Advisors LLC now owns 108,016 shares of the transportation company’s stock worth $3,099,000 after buying an additional 1,044 shares during the last quarter. BlackRock Group LTD increased its stake in Knight Transportation by 9.7% in the third quarter. BlackRock Group LTD now owns 94,913 shares of the transportation company’s stock worth $2,723,000 after buying an additional 8,377 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Knight Transportation by 7.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,590,884 shares of the transportation company’s stock worth $45,642,000 after buying an additional 103,947 shares during the last quarter. Institutional investors own 92.80% of the company’s stock.

About Knight Transportation

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

12 Month Chart for NYSE:KNX

Receive News & Ratings for Knight Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight Transportation and related companies with MarketBeat.com's FREE daily email newsletter.