Knight Transportation, Inc. (NYSE:KNX) General Counsel Todd F. Carlson sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $37.86, for a total value of $113,580.00. Following the sale, the general counsel now directly owns 23,638 shares of the company’s stock, valued at $894,934.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Knight Transportation, Inc. (KNX) traded down 1.84% during midday trading on Wednesday, hitting $37.35. The company had a trading volume of 1,178,767 shares. Knight Transportation, Inc. has a 12-month low of $26.85 and a 12-month high of $38.80. The company’s 50 day moving average is $36.39 and its 200 day moving average is $34.01. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 38.51 and a beta of 0.86.

Knight Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 26th. The transportation company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Knight Transportation had a return on equity of 10.39% and a net margin of 7.03%. The firm had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $283.88 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Knight Transportation, Inc. will post $0.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.24 annualized dividend and a yield of 0.64%. Knight Transportation’s payout ratio is 25.00%.

TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/16/insider-selling-knight-transportation-inc-knx-general-counsel-sells-3000-shares-of-stock.html.

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Knight Transportation by 9.5% in the first quarter. Geode Capital Management LLC now owns 508,907 shares of the transportation company’s stock valued at $15,953,000 after buying an additional 44,148 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Knight Transportation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 62,148 shares of the transportation company’s stock valued at $1,948,000 after buying an additional 9,379 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Knight Transportation by 5.1% in the first quarter. Vanguard Group Inc. now owns 5,689,091 shares of the transportation company’s stock valued at $178,353,000 after buying an additional 275,392 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Knight Transportation by 3.4% in the first quarter. Wellington Management Group LLP now owns 9,403,622 shares of the transportation company’s stock valued at $294,802,000 after buying an additional 309,790 shares during the last quarter. Finally, Granite Investment Partners LLC boosted its stake in shares of Knight Transportation by 1.6% in the first quarter. Granite Investment Partners LLC now owns 23,659 shares of the transportation company’s stock valued at $742,000 after buying an additional 369 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on KNX shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $39.00 price objective (down from $40.00) on shares of Knight Transportation in a research note on Friday, April 28th. UBS AG raised Knight Transportation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $35.00 to $43.00 in a research note on Monday, April 24th. BidaskClub raised Knight Transportation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Bank of America Corporation reissued a “buy” rating and set a $43.00 target price (up from $41.00) on shares of Knight Transportation in a research note on Monday, July 10th. Finally, Zacks Investment Research downgraded Knight Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.13.

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.

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

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