Atlanta Capital Management Co. L L C decreased its stake in shares of Knight Transportation, Inc. (NYSE:KNX) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,252,312 shares of the company’s stock after selling 290,895 shares during the period. Atlanta Capital Management Co. L L C owned approximately 1.56% of Knight Transportation worth $41,389,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its stake in Knight Transportation by 2.8% in the third quarter. Bank of Montreal Can now owns 4,093 shares of the company’s stock valued at $118,000 after buying an additional 110 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Knight Transportation during the fourth quarter valued at about $215,000. Amalgamated Bank acquired a new stake in Knight Transportation during the second quarter valued at about $219,000. Teacher Retirement System of Texas raised its stake in Knight Transportation by 20.7% in the second quarter. Teacher Retirement System of Texas now owns 9,061 shares of the company’s stock valued at $241,000 after buying an additional 1,554 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new stake in Knight Transportation during the third quarter valued at about $259,000. Institutional investors and hedge funds own 92.80% of the company’s stock.

Institutional Ownership by Quarter for Knight Transportation (NYSE:KNX)

Knight Transportation, Inc. (NYSE:KNX) traded down 0.60% during midday trading on Thursday, hitting $32.95. 621,479 shares of the stock were exchanged. The company has a market cap of $2.64 billion, a PE ratio of 28.41 and a beta of 0.74. The firm’s 50 day moving average price is $33.25 and its 200 day moving average price is $31.27. Knight Transportation, Inc. has a 12 month low of $23.77 and a 12 month high of $38.80.

Knight Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. Knight Transportation had a net margin of 8.30% and a return on equity of 12.58%. The company had revenue of $289.10 million for the quarter, compared to the consensus estimate of $285.76 million. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Knight Transportation, Inc. will post $1.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 27th. Stockholders of record on Friday, March 3rd will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. Knight Transportation’s dividend payout ratio is currently 20.87%.

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Several equities analysts have recently commented on KNX shares. Seaport Global Securities assumed coverage on shares of Knight Transportation in a research note on Sunday, December 18th. They issued a “buy” rating and a $42.00 price target for the company. Stephens downgraded shares of Knight Transportation from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 4th. Stifel Nicolaus downgraded shares of Knight Transportation from a “buy” rating to a “hold” rating and increased their price target for the stock from $26.00 to $30.00 in a research note on Friday, December 16th. Zacks Investment Research raised shares of Knight Transportation from a “sell” rating to a “hold” rating in a research note on Saturday, November 5th. Finally, Deutsche Bank AG assumed coverage on shares of Knight Transportation in a research note on Wednesday, November 2nd. They issued a “hold” rating and a $32.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Knight Transportation presently has an average rating of “Hold” and an average target price of $28.88.

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. The Company operates primarily in the United States with minor operations in Canada and Mexico.

5 Day Chart for NYSE:KNX

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