Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC grew its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,165 shares of the transportation company's stock after acquiring an additional 7,601 shares during the period. MetLife Investment Management LLC owned about 0.06% of Knight-Swift Transportation worth $4,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KNX. MML Investors Services LLC boosted its holdings in Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company's stock worth $280,000 after acquiring an additional 228 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Knight-Swift Transportation during the third quarter worth $378,000. Franklin Resources Inc. purchased a new position in shares of Knight-Swift Transportation in the third quarter valued at $70,185,000. American Trust acquired a new stake in Knight-Swift Transportation during the 3rd quarter valued at $204,000. Finally, Principal Financial Group Inc. increased its stake in Knight-Swift Transportation by 21.5% during the 3rd quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after buying an additional 115,447 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KNX. Susquehanna lowered their target price on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a research note on Thursday. Raymond James lowered their price objective on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating for the company in a research note on Friday, April 11th. Stifel Nicolaus cut their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. StockNews.com raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, Citigroup raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and cut their price target for the company from $53.00 to $48.00 in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.19.

Knight-Swift Transportation Trading Up 1.9 %

Shares of NYSE KNX opened at $40.36 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 55.29 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock's 50 day simple moving average is $44.71 and its 200 day simple moving average is $51.40.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were given a $0.18 dividend. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.78%. Knight-Swift Transportation's dividend payout ratio is 98.63%.

Knight-Swift Transportation Company 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.

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