Knight Transportation Inc. (NYSE:KNX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.59 and last traded at $29.33, with a volume of 720,546 shares trading hands. The stock had previously closed at $28.13.

A number of equities research analysts have recently weighed in on KNX shares. Bank of America Corp. restated a “neutral” rating and issued a $29.00 price objective (up from $28.00) on shares of Knight Transportation in a report on Tuesday, June 21st. Zacks Investment Research lowered shares of Knight Transportation from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Avondale Partners lowered shares of Knight Transportation from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $27.00 to $21.00 in a report on Thursday, June 23rd. Cowen and Company boosted their price objective on shares of Knight Transportation from $26.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, April 21st. Finally, Macquarie boosted their price objective on shares of Knight Transportation from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Knight Transportation currently has an average rating of “Hold” and an average price target of $28.95.

The firm has a market cap of $2.37 billion and a PE ratio of 22.01. The firm has a 50 day moving average price of $27.03 and a 200-day moving average price of $25.68.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 3rd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Wednesday, June 1st.

In related news, Director G D. Madden sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $26.67, for a total value of $26,670.00. Following the completion of the sale, the director now directly owns 55,288 shares in the company, valued at $1,474,530.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of hedge funds recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Knight Transportation by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 115,948 shares of the company’s stock worth $2,809,000 after buying an additional 1,910 shares in the last quarter. Rhumbline Advisers increased 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 in the last quarter. State of Wisconsin Investment Board increased 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 in the last quarter. Bank of Montreal Can increased its stake in shares of Knight Transportation by 13.0% in the fourth quarter. Bank of Montreal Can now owns 96,922 shares of the company’s stock worth $2,349,000 after buying an additional 11,163 shares in the last quarter. Finally, Nationwide Fund Advisors increased 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 in 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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