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

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

Other hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators increased its holdings in shares of Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock worth $40,000 after purchasing an additional 348 shares during the period. Versant Capital Management Inc raised its holdings in Knight-Swift Transportation by 3,461.9% in the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company's stock valued at $37,000 after acquiring an additional 727 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. lifted its position in Knight-Swift Transportation by 168.3% during the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company's stock worth $51,000 after purchasing an additional 579 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in Knight-Swift Transportation by 50.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company's stock worth $51,000 after buying an additional 343 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KNX. Barclays upped their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Raymond James raised their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley reduced their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Knight-Swift Transportation to a "sell" rating in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $56.38.

Knight-Swift Transportation Stock Down 0.9 %

Shares of Knight-Swift Transportation stock opened at $56.00 on Thursday. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 243.49, a PEG ratio of 1.93 and a beta of 0.93. The stock's 50-day moving average is $53.41 and its 200 day moving average is $51.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company 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%. The company's quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Announces Dividend

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 $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation's dividend payout ratio is currently 278.27%.

Insider Activity at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now directly owns 30,729 shares of the company's stock, 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.

About Knight-Swift Transportation

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.