Traders Purchase Large Volume of Knight-Swift Transportation Call Options (KNX)

Knight-Swift Transportation Holdings Inc (NYSE:KNX) was the target of some unusual options trading on Friday. Stock traders acquired 3,947 call options on the stock. This is an increase of 875% compared to the average volume of 405 call options.

In other news, General Counsel Todd F. Carlson sold 9,000 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total transaction of $353,160.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Garnreiter sold 2,500 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $38.50, for a total value of $96,250.00. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Several large investors have recently made changes to their positions in KNX. Teachers Advisors LLC boosted its position in shares of Knight-Swift Transportation by 4.7% during the first quarter. Teachers Advisors LLC now owns 115,261 shares of the transportation company’s stock valued at $3,613,000 after buying an additional 5,127 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Knight-Swift Transportation by 0.5% during the second quarter. Nisa Investment Advisors LLC now owns 31,370 shares of the transportation company’s stock valued at $1,109,000 after buying an additional 150 shares during the last quarter. Aperio Group LLC boosted its position in shares of Knight-Swift Transportation by 16.1% during the second quarter. Aperio Group LLC now owns 26,663 shares of the transportation company’s stock valued at $988,000 after buying an additional 3,694 shares during the last quarter. US Bancorp DE boosted its position in shares of Knight-Swift Transportation by 0.3% during the second quarter. US Bancorp DE now owns 29,263 shares of the transportation company’s stock valued at $1,084,000 after buying an additional 92 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Knight-Swift Transportation by 547.0% during the second quarter. Russell Investments Group Ltd. now owns 210,888 shares of the transportation company’s stock valued at $7,814,000 after buying an additional 178,292 shares during the last quarter. 78.26% of the stock is currently owned by institutional investors.

Shares of Knight-Swift Transportation (NYSE KNX) opened at $42.85 on Monday. The company has a market capitalization of $7,620.00, a P/E ratio of 32.14 and a beta of 0.91. Knight-Swift Transportation has a 1-year low of $26.68 and a 1-year high of $44.45. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Monday, November 6th. The transportation company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The firm had revenue of $521.61 million for the quarter, compared to the consensus estimate of $1.33 billion. Knight-Swift Transportation had a net margin of 2.44% and a return on equity of 7.48%. During the same quarter in the prior year, the firm earned $0.34 EPS. sell-side analysts expect that Knight-Swift Transportation will post 1.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. Knight-Swift Transportation’s dividend payout ratio is 8.70%.

A number of equities analysts have recently issued reports on the company. UBS raised their price objective on Knight-Swift Transportation from $43.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. Seaport Global Securities restated a “buy” rating on shares of Knight-Swift Transportation in a research report on Thursday, September 21st. Citigroup assumed coverage on Knight-Swift Transportation in a research report on Tuesday, September 19th. They set a “buy” rating and a $48.00 price objective for the company. ValuEngine upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Buckingham Research began coverage on Knight-Swift Transportation in a report on Monday, August 21st. They issued a “buy” rating and a $43.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $41.13.

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About Knight-Swift 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.

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