Triasima Portfolio Management inc. Makes New $546,000 Investment in Knight-Swift Transportation Holdings Inc. $KNX

Triasima Portfolio Management inc. acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,580 shares of the transportation company’s stock, valued at approximately $546,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Knight-Swift Transportation by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock valued at $486,995,000 after buying an additional 60,750 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Knight-Swift Transportation during the 2nd quarter valued at about $173,669,000. Sei Investments Co. increased its stake in Knight-Swift Transportation by 24.7% during the 1st quarter. Sei Investments Co. now owns 842,644 shares of the transportation company’s stock valued at $48,519,000 after buying an additional 166,919 shares during the period. Principal Financial Group Inc. raised its position in shares of Knight-Swift Transportation by 38.9% during 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 in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Knight-Swift Transportation by 36.1% during the 1st quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company’s stock worth $30,160,000 after buying an additional 138,949 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KNX. Benchmark increased their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Bank of America dropped their target price on Knight-Swift Transportation from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Wells Fargo & Company dropped their target price on Knight-Swift Transportation from $86.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. UBS Group cut their target price on Knight-Swift Transportation from $94.00 to $82.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on Knight-Swift Transportation from $84.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average target price of $82.83.

Insider Transactions at Knight-Swift Transportation

In related news, 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 value of $115,126.00. Following the sale, the director directly owned 30,252 shares in the company, valued at $1,583,087.16. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Cary Flanagan sold 3,600 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,954 shares of company stock valued at $16,183,454 in the last quarter. Insiders own 2.90% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $65.31 on Friday. The business’s 50-day moving average price is $67.69 and its 200 day moving average price is $69.42. The firm has a market cap of $10.63 billion, a P/E ratio of 251.19, a PEG ratio of 0.53 and a beta of 1.21. Knight-Swift Transportation Holdings Inc. has a 52-week low of $41.24 and a 52-week high of $82.86. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the business earned $0.21 earnings per share. Knight-Swift Transportation’s revenue for the quarter 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. As a group, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.46 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 4th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Knight-Swift Transportation’s payout ratio is currently 307.69%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.