Knight Transportation, Inc. (NYSE:KNX) Director G D. Madden sold 1,875 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.52, for a total value of $68,475.00. Following the transaction, the director now owns 56,011 shares of the company’s stock, valued at $2,045,521.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Knight Transportation, Inc. (KNX) traded up 0.81% during trading on Wednesday, hitting $37.15. The stock had a trading volume of 1,326,322 shares. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 38.30 and a beta of 0.86. Knight Transportation, Inc. has a 12-month low of $26.85 and a 12-month high of $38.80. The stock has a 50-day moving average of $36.15 and a 200 day moving average of $33.79.

Knight Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $283.88 million. Knight Transportation had a return on equity of 10.39% and a net margin of 7.03%. Knight Transportation’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, analysts predict that Knight Transportation, Inc. will post $1.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, August 30th. Knight Transportation’s dividend payout ratio is currently 25.00%.

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A number of brokerages recently commented on KNX. UBS AG upgraded Knight Transportation from a “neutral” rating to a “buy” rating and raised their target price for the company from $35.00 to $43.00 in a report on Monday, April 24th. BidaskClub cut Knight Transportation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research cut Knight Transportation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Deutsche Bank AG set a $45.00 target price on Knight Transportation and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Vertical Group began coverage on Knight Transportation in a report on Thursday, April 13th. They set a “buy” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Knight Transportation presently has a consensus rating of “Buy” and an average target price of $38.13.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its position in shares of Knight Transportation by 0.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,069 shares of the transportation company’s stock worth $373,000 after buying an additional 85 shares in the last quarter. US Bancorp DE increased its position in shares of Knight Transportation by 0.3% in the second quarter. US Bancorp DE now owns 29,263 shares of the transportation company’s stock worth $1,084,000 after buying an additional 92 shares in the last quarter. Granite Investment Partners LLC increased its position in shares of Knight Transportation by 0.4% in the second quarter. Granite Investment Partners LLC now owns 23,751 shares of the transportation company’s stock worth $880,000 after buying an additional 92 shares in the last quarter. Arizona State Retirement System increased its position in shares of Knight Transportation by 0.3% in the second quarter. Arizona State Retirement System now owns 34,810 shares of the transportation company’s stock worth $1,290,000 after buying an additional 100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Knight Transportation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,180 shares of the transportation company’s stock worth $476,000 after buying an additional 150 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Knight Transportation Company Profile

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)

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