Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,371 shares of the transportation company’s stock after selling 425 shares during the quarter. Metis Global Partners LLC’s holdings in Knight-Swift Transportation were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Knight-Swift Transportation by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 196 shares during the last quarter. United Services Automobile Association lifted its stake in shares of Knight-Swift Transportation by 1.6% during the second quarter. United Services Automobile Association now owns 12,770 shares of the transportation company’s stock valued at $637,000 after buying an additional 199 shares during the period. Brown Brothers Harriman & Co. boosted its position in Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after acquiring an additional 200 shares during the last quarter. MQS Management LLC raised its holdings in Knight-Swift Transportation by 3.7% in the 2nd quarter. MQS Management LLC now owns 6,981 shares of the transportation company’s stock valued at $348,000 after acquiring an additional 250 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Knight-Swift Transportation by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Raymond James lifted their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Evercore ISI boosted their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Finally, Susquehanna increased their price target on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Hold” and an average price target of $56.38.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation 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 sale, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Up 1.1 %

NYSE KNX opened at $56.22 on Tuesday. 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 Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The business has a 50 day moving average price of $53.18 and a two-hundred day moving average price of $51.13. The stock has a market cap of $9.10 billion, a PE ratio of 244.45, a P/E/G ratio of 1.90 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

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

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.