Resona Asset Management Co. Ltd. Acquires 1,289 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Resona Asset Management Co. Ltd. raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,430 shares of the transportation company’s stock after buying an additional 1,289 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Knight-Swift Transportation were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KNX. AQR Capital Management LLC raised its holdings in shares of Knight-Swift Transportation by 8,856.8% in the 1st quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company’s stock worth $70,704,000 after acquiring an additional 1,628,760 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Knight-Swift Transportation by 102,633.9% in the first quarter. Cubist Systematic Strategies LLC now owns 922,805 shares of the transportation company’s stock worth $40,133,000 after purchasing an additional 923,705 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Knight-Swift Transportation by 72.1% in the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock valued at $95,558,000 after purchasing an additional 904,903 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Knight-Swift Transportation by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company’s stock valued at $331,813,000 after buying an additional 638,352 shares during the last quarter. Finally, Triton Wealth Management PLLC bought a new stake in Knight-Swift Transportation during the second quarter worth $24,193,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $45.04, for a total value of $193,672.00. Following the completion of the transaction, the chief accounting officer directly owned 5,644 shares of the company’s stock, valued at approximately $254,205.76. This trade represents a 43.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael K. Liu sold 3,420 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation Trading Down 3.2%

NYSE:KNX opened at $44.35 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $43.18 and its 200 day moving average is $43.63. The stock has a market capitalization of $7.20 billion, a PE ratio of 50.40, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.6%. Knight-Swift Transportation’s dividend payout ratio is 81.82%.

Analyst Ratings Changes

Several brokerages have weighed in on KNX. Zacks Research cut Knight-Swift Transportation from a “hold” rating to a “strong sell” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Knight-Swift Transportation in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $53.00 in a research report on Thursday, October 2nd. TD Cowen lifted their target price on shares of Knight-Swift Transportation from $44.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Susquehanna cut their target price on Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.29.

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.