Knight-Swift Transportation Holdings Inc (KNX) up 4.48% since start of the year

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is 4.48% higher on its value in year-to-date trading and has touched a low of $45.73 and a high of $60.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KNX stock was last observed hovering at around $59.79 in the last trading session, with the day’s gains setting it 0.44%.

Currently trading at $60.23, the stock is 4.87% and 5.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing 0.74% at the moment leaves the stock 9.90% off its SMA200. KNX registered 1.76% gain for a year compared to 6-month loss of 0.99%. The firm has a 50-day simple moving average (SMA 50) of $1.79 and a 200-day simple moving average (SMA200) of $32.09.

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The stock witnessed a 8.62% gain in the last 1 month and extending the period to 3 months gives it a 21.43%, and is 1.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.51% over the month.

Knight-Swift Transportation Holdings Inc (KNX) has around Mar 07 2024 employees, a market worth around $9.72B and $7.14B in sales. Current P/E ratio is 44.91 and Fwd P/E is 14.98. Profit margin for the company is 3.04%. Distance from 52-week low is 31.71% and -1.25% from its 52-week high. The company has generated returns on investments over the last 12 months (2.37%).

Knight-Swift Transportation Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $1.89B over the same period.The EPS is expected to grow by 44.84% this year, but quarterly earnings will post 91.90% year-over-year. Quarterly sales are estimated to grow 15.30% in year-over-year returns.

Knight-Swift Transportation Holdings Inc (KNX) Top Institutional Holders

658 institutions hold shares in Knight-Swift Transportation Holdings Inc (KNX), with institutional investors hold 94.25% of the company’s shares. The shares outstanding are 160.71M, and float is at 156.19M with Short Float at 2.49%. Institutions hold 91.20% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 16.79 million shares valued at $932.83 million. The investor’s holdings represent 10.41% of the KNX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.91 million shares valued at $828.41 million to account for 9.24% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 11.78 million shares representing 7.31% and valued at over $654.74 million, while FMR, LLC holds 6.81% of the shares totaling 10.99 million with a market value of $610.5 million.

Knight-Swift Transportation Holdings Inc (KNX) Insider Activity

A total of 2 insider transactions have happened at Knight-Swift Transportation Holdings Inc (KNX) in the last six months, with sales accounting for 2 and purchases happening 0 times. The most recent transaction is an insider sale by Harrington Timothy Sean,the company’sExec Vice Pres Sales. SEC filings show that Harrington Timothy Sean sold 1,200 shares of the company’s common stock on Nov 17 at a price of $52.00 per share for a total of $62400.0. Following the sale, the insider now owns 5278.0 shares.

Knight-Swift Transportation Holdings Inc disclosed in a document filed with the SEC on Nov 15 that Fitzsimmons James L (EVP – Operations) sold a total of 2,664 shares of the company’s common stock. The trade occurred on Nov 15 and was made at $53.73 per share for $0.14 million. Following the transaction, the insider now directly holds 4632.0 shares of the KNX stock.

Still, SEC filings show that on Aug 02, Flanagan Cary M (SVP and CAO) disposed off 2,000 shares at an average price of $59.00 for $0.12 million. The insider now directly holds 5,880 shares of Knight-Swift Transportation Holdings Inc (KNX).

Knight-Swift Transportation Holdings Inc (KNX): Who are the competitors?

The company’s main competitors (and peers) include P.A.M. Transportation Services Inc. (PTSI) that is trading -32.30% down over the past 12 months. Celadon Group Inc. (CGIP) that is -90.00% lower over the same period.