Investors Purchase High Volume of Knight-Swift Transportation Call Options (KNX)

Knight-Swift Transportation Holdings Inc (NYSE:KNX) was the recipient of some unusual options trading on Tuesday. Stock investors bought 20,847 call options on the stock. This is an increase of 1,203% compared to the average daily volume of 1,600 call options.

A number of large investors have recently added to or reduced their stakes in the business. Systematic Financial Management LP raised its stake in Knight-Swift Transportation by 6.5% in the third quarter. Systematic Financial Management LP now owns 510,536 shares of the transportation company’s stock valued at $17,603,000 after buying an additional 31,273 shares during the period. ING Groep NV bought a new position in shares of Knight-Swift Transportation during the third quarter worth approximately $290,000. 12th Street Asset Management Company LLC increased its stake in shares of Knight-Swift Transportation by 25.1% during the third quarter. 12th Street Asset Management Company LLC now owns 998,660 shares of the transportation company’s stock worth $34,434,000 after purchasing an additional 200,660 shares during the period. Wells Fargo & Company MN increased its stake in shares of Knight-Swift Transportation by 37.1% during the third quarter. Wells Fargo & Company MN now owns 337,639 shares of the transportation company’s stock worth $11,642,000 after purchasing an additional 91,349 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Knight-Swift Transportation during the third quarter worth approximately $135,000. Hedge funds and other institutional investors own 79.93% of the company’s stock.

NYSE:KNX opened at $33.89 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.43. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. Knight-Swift Transportation has a 12-month low of $29.00 and a 12-month high of $51.94.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. Knight-Swift Transportation had a return on equity of 7.26% and a net margin of 13.47%. The business’s revenue for the quarter was up 158.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. Equities research analysts predict that Knight-Swift Transportation will post 2.34 EPS for the current fiscal year.

Several brokerages recently commented on KNX. ValuEngine raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Loop Capital increased their price target on Knight-Swift Transportation from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, October 26th. Robert W. Baird reduced their price target on Knight-Swift Transportation from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Finally, KeyCorp reduced their price target on Knight-Swift Transportation from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, October 25th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $48.18.

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About Knight-Swift Transportation

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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