B. Metzler seel. Sohn & Co. Holding AG Makes New $3.73 Million Investment in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 69,120 shares of the transportation company's stock, valued at approximately $3,729,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. UniSuper Management Pty Ltd boosted its holdings in Knight-Swift Transportation by 109.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the transportation company's stock worth $127,000 after acquiring an additional 1,200 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Knight-Swift Transportation by 12.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 133,178 shares of the transportation company's stock valued at $7,328,000 after purchasing an additional 15,040 shares in the last quarter. Quadrature Capital Ltd grew its holdings in Knight-Swift Transportation by 994.8% during the 1st quarter. Quadrature Capital Ltd now owns 41,437 shares of the transportation company's stock valued at $2,280,000 after purchasing an additional 37,652 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Knight-Swift Transportation during the 1st quarter worth $1,046,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Knight-Swift Transportation by 6.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,241 shares of the transportation company's stock valued at $4,691,000 after buying an additional 5,498 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Wall Street Analyst Weigh In

KNX has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Evercore ISI raised their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Raymond James lifted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Monday, October 14th. The Goldman Sachs Group reduced their price objective on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, TD Cowen boosted their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $56.38.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock traded up $0.20 during mid-day trading on Thursday, hitting $56.21. 1,579,625 shares of the company's stock traded hands, compared to its average volume of 2,059,285. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The company has a market cap of $9.10 billion, a PE ratio of 243.49, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The firm has a 50 day moving average price of $53.41 and a 200 day moving average price of $51.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company's quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.14%. Knight-Swift Transportation's payout ratio is 278.27%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.