Shellback Capital LP Makes New Investment in Knight-Swift Transportation Holdings Inc. $KNX

Shellback Capital LP bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 175,000 shares of the transportation company’s stock, valued at approximately $7,611,000. Shellback Capital LP owned 0.11% of Knight-Swift Transportation as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its position in shares of Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group raised its holdings in Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after acquiring an additional 324 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Knight-Swift Transportation during the first quarter worth about $111,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at approximately $118,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Wells Fargo & Company boosted their price objective on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. Robert W. Baird raised their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Raymond James Financial raised their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 15th. Finally, Citigroup boosted their target price on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.19.

Knight-Swift Transportation Trading Down 2.2%

Shares of KNX opened at $43.13 on Friday. The stock has a fifty day moving average of $44.25 and a two-hundred day moving average of $43.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. 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 $7.00 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 0.65 and a beta of 1.19.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 5th. Knight-Swift Transportation’s payout ratio is 70.59%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.

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.