Knight Transportation Inc. (NYSE:KNX) hit a new 52-week high during trading on Thursday . The company traded as high as $29.22 and last traded at $28.44, with a volume of 269,551 shares changing hands. The stock had previously closed at $28.78.

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Knight Transportation from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, April 21st. Cowen and Company increased their target price on shares of Knight Transportation from $26.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, April 21st. Raymond James Financial Inc. cut shares of Knight Transportation from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $30.00 to $29.00 in a research report on Thursday, April 21st. Stifel Nicolaus cut shares of Knight Transportation from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Thursday, April 21st. Finally, Citigroup Inc. increased their target price on shares of Knight Transportation from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.00.

The company has a market cap of $2.28 billion and a P/E ratio of 21.18. The firm has a 50 day moving average price of $26.59 and a 200-day moving average price of $25.49.

Knight Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $272.10 million for the quarter, compared to the consensus estimate of $283.31 million. Knight Transportation’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. Equities analysts expect that Knight Transportation Inc. will post $1.23 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 3rd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Wednesday, June 1st.

In other news, Vice Chairman Gary J. Knight sold 15,000 shares of the business’s stock in a transaction dated Friday, April 22nd. The stock was sold at an average price of $27.00, for a total transaction of $405,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G D. Madden sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $26.67, for a total value of $26,670.00. Following the sale, the director now owns 55,288 shares of the company’s stock, valued at approximately $1,474,530.96. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of KNX. Glacier Peak Capital LLC purchased a new stake in shares of Knight Transportation during the fourth quarter worth about $2,484,000. Nationwide Fund Advisors boosted its stake in shares of Knight Transportation by 28.5% in the fourth quarter. Nationwide Fund Advisors now owns 58,140 shares of the company’s stock worth $1,409,000 after buying an additional 12,887 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Knight Transportation by 3.6% in the fourth quarter. Rhumbline Advisers now owns 96,837 shares of the company’s stock worth $2,346,000 after buying an additional 3,370 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Knight Transportation by 3.2% in the fourth quarter. Brown Advisory Inc. now owns 877,715 shares of the company’s stock worth $21,267,000 after buying an additional 27,163 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of Knight Transportation by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 461,222 shares of the company’s stock worth $11,175,000 after buying an additional 4,163 shares during the last quarter.

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.

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