LS Investment Advisors LLC held its stake in Knight Transportation, Inc. (NYSE:KNX) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,363 shares of the transportation company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Knight Transportation were worth $125,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its position in Knight Transportation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,180 shares of the transportation company’s stock worth $476,000 after buying an additional 150 shares in the last quarter. State of Alaska Department of Revenue raised its position in Knight Transportation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 7,360 shares of the transportation company’s stock worth $230,000 after buying an additional 170 shares in the last quarter. Flinton Capital Management LLC raised its position in Knight Transportation by 0.3% in the first quarter. Flinton Capital Management LLC now owns 128,080 shares of the transportation company’s stock worth $4,015,000 after buying an additional 368 shares in the last quarter. Granite Investment Partners LLC raised its position 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 worth $742,000 after buying an additional 369 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Knight Transportation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the transportation company’s stock worth $853,000 after buying an additional 500 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Knight Transportation, Inc. (NYSE KNX) traded up 1.571% on Friday, reaching $37.175. 565,704 shares of the company’s stock traded hands. Knight Transportation, Inc. has a 52-week low of $26.85 and a 52-week high of $38.80. The firm has a market capitalization of $3.00 billion, a PE ratio of 38.325 and a beta of 0.86. The firm’s 50 day moving average price is $36.25 and its 200 day moving average price is $33.89.

Knight Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $283.88 million. Knight Transportation had a net margin of 7.03% and a return on equity of 10.39%. Knight Transportation’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, analysts predict that Knight Transportation, Inc. will post $0.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, August 30th. Knight Transportation’s dividend payout ratio (DPR) is 25.00%.

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A number of research firms recently commented on KNX. UBS AG upgraded shares of Knight Transportation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $35.00 to $43.00 in a research note on Monday, April 24th. BidaskClub upgraded shares of Knight Transportation from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Knight Transportation from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 5th. Deutsche Bank AG set a $45.00 price objective on shares of Knight Transportation and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Stephens upgraded shares of Knight Transportation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $36.00 to $42.00 in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.13.

In other Knight Transportation news, insider David A. Jackson sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $32.00, for a total value of $400,000.00. Following the completion of the sale, the insider now owns 34,577 shares of the company’s stock, valued at $1,106,464. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kevin Quast sold 3,469 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $31.71, for a total transaction of $110,001.99. Following the completion of the sale, the chief operating officer now directly owns 63,497 shares of the company’s stock, valued at approximately $2,013,489.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,644 shares of company stock valued at $678,577. 9.90% of the stock is currently owned by 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.

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

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