Knight Transportation Inc. (NYSE:KNX) had its price objective raised by Citigroup Inc. from $27.00 to $32.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 9.40% from the stock’s current price.

Several other analysts also recently commented on KNX. Barclays PLC raised their price objective on shares of Knight Transportation from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, September 12th. BB&T Corp. restated a “hold” rating on shares of Knight Transportation in a research report on Friday, July 1st. Deutsche Bank AG raised their price objective on shares of Knight Transportation from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Avondale Partners downgraded shares of Knight Transportation from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $27.00 to $21.00 in a research report on Thursday, June 23rd. Finally, Macquarie downgraded shares of Knight Transportation from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $29.00 to $27.00 in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.42.

Shares of Knight Transportation (NYSE:KNX) opened at 29.25 on Friday. The company has a market capitalization of $2.34 billion, a P/E ratio of 22.31 and a beta of 0.92. The firm has a 50-day moving average of $28.62 and a 200 day moving average of $27.05. Knight Transportation has a 1-year low of $20.56 and a 1-year high of $30.38.

Knight Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The firm had revenue of $276.30 million for the quarter, compared to the consensus estimate of $283.13 million. Knight Transportation had a net margin of 9.37% and a return on equity of 14.55%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. On average, analysts anticipate that Knight Transportation will post $1.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. Knight Transportation’s payout ratio is 18.18%.

In other news, Vice Chairman Gary J. Knight sold 29,386 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $28.53, for a total value of $838,382.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Wayne Yu sold 3,200 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $29.59, for a total transaction of $94,688.00. Following the completion of the sale, the vice president now owns 8,279 shares of the company’s stock, valued at approximately $244,975.61. The disclosure for this sale can be found here. Corporate insiders own 11.60% of the company’s stock.

Several large investors have recently bought and sold shares of KNX. Profund Advisors LLC raised its stake in Knight Transportation by 0.5% in the second quarter. Profund Advisors LLC now owns 13,992 shares of the company’s stock valued at $372,000 after buying an additional 72 shares in the last quarter. Capstone Asset Management Co. raised its stake in Knight Transportation by 0.7% in the second quarter. Capstone Asset Management Co. now owns 18,117 shares of the company’s stock valued at $482,000 after buying an additional 120 shares in the last quarter. Arizona State Retirement System raised its stake in Knight Transportation by 0.6% in the second quarter. Arizona State Retirement System now owns 31,610 shares of the company’s stock valued at $840,000 after buying an additional 200 shares in the last quarter. PineBridge Investments L.P. raised its stake in Knight Transportation by 3.2% in the second quarter. PineBridge Investments L.P. now owns 7,731 shares of the company’s stock valued at $205,000 after buying an additional 241 shares in the last quarter. Finally, Huntington National Bank raised its stake in Knight Transportation by 7.5% in the second quarter. Huntington National Bank now owns 6,789 shares of the company’s stock valued at $180,000 after buying an additional 471 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

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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