Teachers Advisors LLC raised its stake in Knight Transportation, Inc. (NYSE:KNX) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,261 shares of the transportation company’s stock after buying an additional 5,127 shares during the period. Teachers Advisors LLC’s holdings in Knight Transportation were worth $3,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KNX. Norges Bank acquired a new stake in Knight Transportation during the fourth quarter valued at $16,172,000. State of Tennessee Treasury Department increased its stake in Knight Transportation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 62,148 shares of the transportation company’s stock valued at $1,948,000 after buying an additional 9,379 shares in the last quarter. Wellington Management Group LLP increased its stake in Knight Transportation by 3.4% in the first quarter. Wellington Management Group LLP now owns 9,403,622 shares of the transportation company’s stock valued at $294,802,000 after buying an additional 309,790 shares in the last quarter. Granite Investment Partners LLC increased its stake in Knight Transportation by 1.6% in the first quarter. Granite Investment Partners LLC now owns 23,659 shares of the transportation company’s stock valued at $742,000 after buying an additional 369 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Knight Transportation by 17.7% in the first quarter. JPMorgan Chase & Co. now owns 3,460,276 shares of the transportation company’s stock valued at $108,480,000 after buying an additional 520,401 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Knight Transportation, Inc. (NYSE:KNX) opened at 37.15 on Thursday. Knight Transportation, Inc. has a 1-year low of $26.85 and a 1-year high of $38.80. The company has a market capitalization of $3.00 billion, a P/E ratio of 38.30 and a beta of 0.86. The company has a 50-day moving average of $36.24 and a 200-day moving average of $33.87.

Knight Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Knight Transportation had a net margin of 7.03% and a return on equity of 10.39%. The firm had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $283.88 million. During the same period in the previous year, the company earned $0.31 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts expect that Knight Transportation, Inc. will post $1.00 EPS for the current fiscal year.

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

ILLEGAL ACTIVITY NOTICE: “Teachers Advisors LLC Acquires 5,127 Shares of Knight Transportation, Inc. (NYSE:KNX)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/10/teachers-advisors-llc-acquires-5127-shares-of-knight-transportation-inc-nyseknx.html.

KNX has been the subject of several recent research reports. Credit Suisse Group reissued an “outperform” rating and issued a $35.00 price target (up from $32.00) on shares of Knight Transportation in a research note on Friday, April 14th. Deutsche Bank AG reissued a “buy” rating and issued a $39.00 price target (down from $40.00) on shares of Knight Transportation in a research note on Friday, April 28th. BidaskClub raised shares of Knight Transportation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Vertical Research initiated coverage on shares of Knight Transportation in a research note on Thursday, April 13th. They issued a “buy” rating and a $48.00 price target for the company. Finally, Vertical Group initiated coverage on shares of Knight Transportation in a research note on Thursday, April 13th. They issued a “buy” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $38.13.

In related news, VP James E. Jr. Updike sold 2,800 shares of Knight Transportation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $35.75, for a total transaction of $100,100.00. Following the completion of the sale, the vice president now owns 16,096 shares in the company, valued at approximately $575,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director G D. Madden sold 1,875 shares of Knight Transportation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.52, for a total transaction of $68,475.00. Following the sale, the director now owns 56,011 shares of the company’s stock, valued at approximately $2,045,521.72. The disclosure for this sale can be found here. Insiders have sold a total of 20,644 shares of company stock valued at $678,577 in the last quarter. 9.90% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding KNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knight Transportation, Inc. (NYSE:KNX).

Institutional Ownership by Quarter for Knight Transportation (NYSE:KNX)

Receive News & Ratings for Knight Transportation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight Transportation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.