Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 80.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,478 shares of the transportation company’s stock after selling 47,928 shares during the quarter. Pzena Investment Management LLC’s holdings in Knight-Swift Transportation were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KNX. Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock valued at $486,995,000 after purchasing an additional 60,750 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in Knight-Swift Transportation in the 2nd quarter worth about $173,669,000. Sei Investments Co. boosted its stake in Knight-Swift Transportation by 24.7% in the 1st quarter. Sei Investments Co. now owns 842,644 shares of the transportation company’s stock worth $48,519,000 after buying an additional 166,919 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Knight-Swift Transportation by 38.9% in the 1st quarter. Principal Financial Group Inc. now owns 595,649 shares of the transportation company’s stock worth $34,297,000 after buying an additional 166,668 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Knight-Swift Transportation by 152.4% in the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company’s stock valued at $33,175,000 after buying an additional 257,256 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Key Stories Impacting Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Zacks raised its FY2027 EPS estimate to $3.66 from $3.40 and its FY2028 estimate to $5.01 from $4.78. It also increased estimates for several quarters in 2027 and 2028, indicating stronger expected earnings over that period.
• Neutral Sentiment: Despite the higher forecasts, Zacks kept its rating at Hold; the estimate changes are not accompanied by a rating upgrade.
• Negative Sentiment: Zacks trimmed its Q4 2026 EPS estimate to $0.79 from $0.81, a modest near-term reduction.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX opened at $59.40 on Friday. The firm has a market capitalization of $9.67 billion, a PE ratio of 30.13, a P/E/G ratio of 0.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $65.15 and a two-hundred day moving average of $66.03. Knight-Swift Transportation Holdings Inc. has a 12 month low of $41.24 and a 12 month high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 21st. The transportation company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Knight-Swift Transportation had a net margin of 1.92% and a return on equity of 4.71%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $0.32 EPS. The company’s revenue was up 14.2% on a year-over-year basis. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.45 earnings per share for the current year.

Insider Activity at Knight-Swift Transportation

In related news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of Knight-Swift Transportation stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the transaction, the director owned 30,252 shares in the company, valued at $1,583,087.16. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 171,354 shares of company stock valued at $12,416,002. 2.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Sanford C. Bernstein began coverage on shares of Knight-Swift Transportation in a research note on Thursday, September 10th. They set an “outperform” rating and a $91.00 price objective for the company. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $68.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Citigroup restated a “market outperform” rating on shares of Knight-Swift Transportation in a report on Thursday, October 22nd. Finally, Wall Street Zen upgraded shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.22.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.