Aperio Group LLC boosted its position in Knight Transportation, Inc. (NYSE:KNX) by 16.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,663 shares of the transportation company’s stock after buying an additional 3,694 shares during the period. Aperio Group LLC’s holdings in Knight Transportation were worth $988,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KNX. LS Investment Advisors LLC boosted its position in Knight Transportation by 33.5% in the first quarter. LS Investment Advisors LLC now owns 3,363 shares of the transportation company’s stock worth $105,000 after buying an additional 844 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Knight Transportation during the first quarter worth approximately $122,000. Huntington National Bank boosted its position in Knight Transportation by 17.4% in the first quarter. Huntington National Bank now owns 3,976 shares of the transportation company’s stock worth $125,000 after buying an additional 590 shares in the last quarter. Victory Capital Management Inc. boosted its position in Knight Transportation by 43.6% in the first quarter. Victory Capital Management Inc. now owns 4,578 shares of the transportation company’s stock worth $144,000 after buying an additional 1,390 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Knight Transportation during the first quarter worth approximately $181,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Knight Transportation, Inc. (NYSE:KNX) traded down 0.43% during midday trading on Thursday, reaching $37.19. 546,308 shares of the company’s stock traded hands. The firm’s 50-day moving average is $36.39 and its 200-day moving average is $34.01. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 38.34 and a beta of 0.86. Knight Transportation, Inc. has a 1-year low of $26.85 and a 1-year high of $38.80.

Knight Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 26th. The transportation company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $273.20 million during the quarter, compared to analyst estimates 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 was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Analysts forecast that Knight Transportation, Inc. will post $0.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, August 30th. Knight Transportation’s dividend payout ratio (DPR) is presently 25.00%.

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A number of research firms recently commented on KNX. UBS AG raised shares of Knight Transportation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $43.00 in a research note on Monday, April 24th. BidaskClub cut shares of Knight Transportation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Deutsche Bank AG set a $45.00 price target on shares of Knight Transportation and gave the stock a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Knight Transportation from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research note on Wednesday, July 12th. Finally, Stephens raised shares of Knight Transportation from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $42.00 in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Knight Transportation has an average rating of “Buy” and a consensus price target of $38.13.

In other Knight Transportation news, Director G D. Madden sold 1,875 shares of the 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 completion of the transaction, the director now owns 56,011 shares of the company’s stock, valued at $2,045,521.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kevin Quast sold 3,469 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $31.71, for a total transaction of $110,001.99. Following the transaction, 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. In the last ninety days, insiders have sold 23,644 shares of company stock valued at $792,157. 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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