Knight Transportation Inc. (NYSE:KNX) was down 1.9% during trading on Thursday . The stock traded as low as $28.47 and last traded at $28.67, with a volume of 400,261 shares traded. The stock had previously closed at $29.24.

Several equities research analysts have commented on KNX shares. BB&T Corp. restated a “hold” rating on shares of Knight Transportation in a research report on Friday, July 1st. Zacks Investment Research upgraded Knight Transportation from a “sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG increased their target price on Knight Transportation from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Macquarie lowered Knight Transportation from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $29.00 to $27.00 in a research report on Thursday, July 28th. Finally, Citigroup Inc. increased their target price on Knight Transportation from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.00.

The company has a 50-day moving average of $28.57 and a 200-day moving average of $26.62. The stock has a market cap of $2.28 billion and a P/E ratio of 21.76.

Knight Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 27th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. During the same period in the previous year, the company earned $0.39 EPS. The company earned $276.30 million during the quarter, compared to analysts’ expectations of $283.13 million. Knight Transportation’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities research analysts expect that Knight Transportation Inc. will post $1.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, August 31st.

In other news, insider Kevin P. Knight sold 500,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $29.44, for a total value of $14,720,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Wayne Yu sold 3,200 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $29.59, for a total value of $94,688.00. Following the completion of the sale, the vice president now directly owns 8,279 shares of the company’s stock, valued at approximately $244,975.61. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Knight Transportation stock. Dimensional Fund Advisors LP increased its stake in Knight Transportation Inc. (NYSE:KNX) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,823,459 shares of the company’s stock after buying an additional 352,764 shares during the period. Dimensional Fund Advisors LP owned approximately 3.49% of Knight Transportation worth $68,412,000 at the end of the most recent reporting period.

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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