Tidal Investments LLC Has $9.91 Million Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Tidal Investments LLC lessened its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,308 shares of the transportation company’s stock after selling 7,445 shares during the period. Tidal Investments LLC owned about 0.08% of Knight-Swift Transportation worth $9,913,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of Knight-Swift Transportation by 7,314.3% in the 2nd quarter. California State Teachers Retirement System now owns 14,279,801 shares of the transportation company’s stock valued at $1,111,968,000 after acquiring an additional 14,087,203 shares in the last quarter. Wellington Management Group LLP raised its holdings in Knight-Swift Transportation by 23.6% in the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock valued at $675,380,000 after acquiring an additional 2,468,293 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Knight-Swift Transportation during the 2nd quarter worth approximately $173,669,000. Invesco Ltd. lifted its holdings in shares of Knight-Swift Transportation by 513.6% during the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock worth $126,354,000 after buying an additional 2,022,996 shares in the last quarter. Finally, Norges Bank acquired a new stake in Knight-Swift Transportation in the 4th quarter worth about $92,070,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 1.9%

NYSE KNX opened at $67.75 on Friday. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 260.59, a PEG ratio of 0.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a one year low of $38.63 and a one year high of $82.86. The business’s fifty day moving average is $71.45 and its 200-day moving average is $67.92.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm earned $0.21 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 307.69%.

Analysts Set New Price Targets

Several analysts have recently issued reports on KNX shares. Sanford C. Bernstein assumed coverage on Knight-Swift Transportation in a report on Thursday. They set an “outperform” rating and a $91.00 target price on the stock. Susquehanna raised their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price target on Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Raymond James Financial increased their price target on Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.26.

Insider Buying and Selling

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the business’s stock in a transaction that occurred 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 directly owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. This represents a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 224,954 shares of company stock valued at $16,183,454. Company insiders own 2.90% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.