Knight Transportation, Inc. (NYSE:KNX) is expected to pay $0.06 on Dec 27, 2016. The indicated annual dividend is $0.24. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Knight Transportation, Inc.’s current price of $34.70, the dividend is 0.17%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 9, 2016. The stock decreased 1.28% or $0.45 during the last trading session, hitting $34.7. Knight Transportation (NYSE:KNX) has risen 24.91% since April 26, 2016 and is uptrending. It has outperformed by 19.65% the S&P500.
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 has a market cap of $2.78 billion. The Firm operates through two divisions: Trucking and Logistics. It has a 28.22 P/E ratio. The Firm operates primarily in the United States with minor activities in Canada and Mexico.
Insitutional Activity: The institutional sentiment decreased to 1.22 in Q2 2016. Its down 0.35, from 1.57 in 2016Q1. The ratio dived, as 16 funds sold all Knight Transportation shares owned while 40 reduced positions. 16 funds bought stakes while 72 increased positions. They now own 69.89 million shares or 0.04% more from 69.86 million shares in 2016Q1.
The New York-based Neville Rodie And Shaw Incorporated has invested 0.06% in Knight Transportation (NYSE:KNX). Legal And General Public Lc accumulated 0% or 16,292 shares. Carderock Mgmt last reported 0.12% of its portfolio in the stock. Moreover, Texas Permanent School Fund has 0.02% invested in Knight Transportation (NYSE:KNX) for 46,610 shares. Qs Ltd Liability Corporation, a New York-based fund reported 11 shares. Guggenheim Cap Ltd Company holds 0.04% of its portfolio in Knight Transportation (NYSE:KNX) for 426,767 shares. Fdx, a California-based fund reported 18,708 shares. Voya Management Ltd Company has 860,884 shares for 0.06% of their US portfolio. Vanguard Group has 0.01% invested in the company for 4.79M shares. The Texas-based Dimensional Fund L P has invested 0.05% in Knight Transportation (NYSE:KNX). Pub Sector Pension Board owns 42,609 shares or 0.01% of their US portfolio. Timpani Capital Mgmt holds 0.39% or 34,776 shares in its portfolio. Savings Bank Of Montreal Can last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement has 0% invested in the company for 55,487 shares. Amalgamated Savings Bank last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 4 insider sales for $37.76 million net activity. Shares for $94,688 were sold by Yu Wayne on Friday, August 5. $14.43M worth of shares were sold by KNIGHT KEVIN P on Wednesday, August 3. KNIGHT GARY J sold $8.51 million worth of stock.
Knight Transportation (NYSE:KNX) Ratings Coverage
Out of 17 analysts covering Knight Transportation (NYSE:KNX), 5 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 29% are positive. Knight Transportation has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Outperform” rating in Thursday, April 21 report. The rating was maintained by Cowen & Co on Thursday, October 22 with “Outperform”. RBC Capital Markets maintained the shares of KNX in a report on Thursday, July 23 with “Sector Perform” rating. The firm has “Market Perform” rating given on Monday, March 21 by Cowen & Co. As per Friday, December 18, the company rating was downgraded by Citigroup. The stock of Knight Transportation (NYSE:KNX) earned “Overweight” rating by Barclays Capital on Monday, October 5. Avondale downgraded the stock to “Market Perform” rating in Monday, March 14 report. The firm has “Neutral” rating by Bank of America given on Tuesday, June 21. The stock has “Outperform” rating given by Credit Suisse on Thursday, April 21. On Friday, December 4 the stock rating was downgraded by Longbow to “Neutral”.
More recent Knight Transportation (NYSE:KNX) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Knight Transportation, Fluor and Mueller Industries” on November 28, 2016. Also Thestreet.com published the news titled: “Knight Transportation (KNX) Stock Downgraded at Credit Suisse” on July 07, 2016. Seekingalpha.com‘s news article titled: “Knight Transportation (KNX) Q3 2016 Results – Earnings Call Transcript” with publication date: October 27, 2016 was also an interesting one.
KNX Company Profile
Knight Transportation, Inc., incorporated on August 31, 1989, is a well-known 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 Firm operates through two divisions: Trucking and Logistics. The Firm provides a range of truckload and logistics services through its nationwide network of service centers, truckload tractor fleets and its contractual access to third-party capacity providers. The Firm operates primarily in the United States with minor activities in Canada and Mexico.
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