Vanguard Personalized Indexing Management LLC raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,811 shares of the transportation company’s stock after acquiring an additional 3,256 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Knight-Swift Transportation were worth $832,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. IFP Advisors Inc raised its holdings in shares of Knight-Swift Transportation by 21.3% in the 2nd quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 379 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Knight-Swift Transportation in the 2nd quarter valued at about $213,000. Tectonic Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 3.2% in the 2nd quarter. Tectonic Advisors LLC now owns 64,712 shares of the transportation company’s stock valued at $2,862,000 after acquiring an additional 1,997 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Knight-Swift Transportation by 6.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 33,400 shares of the transportation company’s stock valued at $1,477,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Two Point Capital Management Inc. purchased a new stake in shares of Knight-Swift Transportation in the 2nd quarter valued at about $5,398,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Evercore ISI lowered their price target on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Baird R W raised Knight-Swift Transportation to a “strong-buy” rating in a report on Tuesday, July 1st. Morgan Stanley decreased their price objective on Knight-Swift Transportation from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and raised their price objective for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $52.65.
Insider Transactions at Knight-Swift Transportation
In related news, EVP Michael K. Liu sold 3,420 shares of the firm’s 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 document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.
Knight-Swift Transportation Price Performance
KNX opened at $47.07 on Monday. The stock’s 50 day simple moving average is $42.54 and its 200 day simple moving average is $42.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 0.81 and a beta of 1.14.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $0.24 EPS. Knight-Swift Transportation’s revenue for the quarter was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, 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 business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 70.59%.
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.
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