Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,163 shares of the transportation company’s stock after selling 7,988 shares during the quarter. Knight-Swift Transportation comprises about 4.0% of Mader & Shannon Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Mader & Shannon Wealth Management Inc. owned 0.08% of Knight-Swift Transportation worth $6,806,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Knight-Swift Transportation during the third quarter valued at approximately $3,729,000. Virtu Financial LLC acquired a new position in Knight-Swift Transportation in the first quarter worth approximately $1,935,000. Wedge Capital Management L L P NC grew its position in Knight-Swift Transportation by 9.0% in the second quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock worth $13,131,000 after buying an additional 21,689 shares during the last quarter. Swedbank AB acquired a new position in Knight-Swift Transportation in the first quarter worth approximately $3,162,000. Finally, CANADA LIFE ASSURANCE Co grew its position in Knight-Swift Transportation by 12.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 133,178 shares of the transportation company’s stock worth $7,328,000 after buying an additional 15,040 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KNX. Morgan Stanley decreased 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 report on Thursday, October 24th. Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research report on Tuesday, November 12th. Susquehanna lifted 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 report on Thursday, September 26th. The Goldman Sachs Group lowered 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 report on Wednesday, October 9th. Finally, Raymond James lifted their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.38.

Knight-Swift Transportation Trading Up 2.5 %

Shares of NYSE:KNX opened at $57.62 on Friday. The firm has a fifty day moving average of $53.59 and a two-hundred day moving average of $51.36. The firm has a market capitalization of $9.33 billion, a P/E ratio of 250.53, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. 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) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation’s payout ratio is presently 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction on Thursday, November 14th. The shares were 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 directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company 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.