Swiss National Bank Lowers Position in Knight-Swift Transportation Holdings Inc. $KNX

Swiss National Bank trimmed its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,596 shares of the transportation company’s stock after selling 4,100 shares during the quarter. Swiss National Bank owned 0.19% of Knight-Swift Transportation worth $13,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Ensign Peak Advisors Inc lifted its position in shares of Knight-Swift Transportation by 17.5% during the second quarter. Ensign Peak Advisors Inc now owns 2,046,820 shares of the transportation company’s stock valued at $90,531,000 after purchasing an additional 305,093 shares in the last quarter. Primecap Management Co. CA grew its position in Knight-Swift Transportation by 264.8% in the 2nd quarter. Primecap Management Co. CA now owns 648,877 shares of the transportation company’s stock worth $28,700,000 after purchasing an additional 471,027 shares in the last quarter. Clean Energy Transition LLP purchased a new stake in Knight-Swift Transportation in the 2nd quarter valued at about $51,817,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Knight-Swift Transportation by 823.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 73,984 shares of the transportation company’s stock worth $3,272,000 after buying an additional 65,975 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Knight-Swift Transportation by 6.9% during the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after buying an additional 882 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling

In other news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of Knight-Swift Transportation stock in a transaction on Friday, November 7th. The shares were sold at an average price of $45.04, for a total value of $193,672.00. Following the completion of the transaction, the chief accounting officer owned 5,644 shares of the company’s stock, valued at approximately $254,205.76. This trade represents a 43.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Stock Up 0.9%

KNX stock opened at $45.85 on Friday. The stock has a fifty day moving average of $43.47 and a 200-day moving average of $43.84. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 52.10, a PEG ratio of 0.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 1.33.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.6%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 81.82%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup reduced their target price on Knight-Swift Transportation from $54.00 to $53.00 and set a “buy” rating for the company in a report on Monday, October 13th. Evercore ISI cut their price objective on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Bank of America raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their target price for the company from $41.00 to $50.00 in a research report on Thursday, October 16th. Wells Fargo & Company lowered their target price on Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Finally, Susquehanna reduced their price target on shares of Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.29.

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.