Knight-Swift Sees Unusually Large Options Volume (KNX)

Knight-Swift (NYSE:KNX) was the target of some unusual options trading on Thursday. Traders bought 1,106 put options on the stock. This represents an increase of approximately 1,265% compared to the average volume of 81 put options.

KNX has been the topic of several research analyst reports. ValuEngine upgraded Knight-Swift from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Knight-Swift from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, January 31st. Morgan Stanley initiated coverage on Knight-Swift in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $50.00 price objective on the stock. Credit Suisse Group upped their price objective on Knight-Swift from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Cowen increased their target price on Knight-Swift from $38.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $50.65.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec increased its stake in Knight-Swift by 17.6% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,209 shares of the transportation company’s stock valued at $2,457,000 after acquiring an additional 8,400 shares during the last quarter. Swiss National Bank grew its stake in shares of Knight-Swift by 8.8% during the fourth quarter. Swiss National Bank now owns 490,696 shares of the transportation company’s stock valued at $21,453,000 after buying an additional 39,500 shares during the last quarter. State of Tennessee Treasury Department bought a new position in shares of Knight-Swift during the fourth quarter valued at about $4,809,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Knight-Swift during the fourth quarter valued at about $10,345,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Knight-Swift during the third quarter valued at about $11,137,000. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Knight-Swift stock traded down $1.57 during trading on Friday, hitting $43.61. The stock had a trading volume of 4,137,781 shares, compared to its average volume of 2,068,597. The stock has a market cap of $8,050.58, a P/E ratio of 31.60, a PEG ratio of 1.32 and a beta of 1.69. Knight-Swift has a 12 month low of $27.61 and a 12 month high of $51.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 1.51.

Knight-Swift (NYSE:KNX) last released its earnings results on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Knight-Swift had a return on equity of 5.92% and a net margin of 12.58%. The firm’s revenue was up 370.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. sell-side analysts predict that Knight-Swift will post 2.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Thursday, March 1st were paid a $0.06 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.55%. Knight-Swift’s dividend payout ratio is presently 17.39%.

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Knight-Swift Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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