Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,775,353 shares of the transportation company’s stock after selling 11,518 shares during the quarter. Geode Capital Management LLC owned about 1.71% of Knight-Swift Transportation worth $122,774,000 as of its most recent filing with the Securities and Exchange Commission.

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

Knight-Swift Transportation Price Performance

KNX opened at $41.67 on Thursday. The company has a 50 day moving average of $43.16 and a two-hundred day moving average of $43.74. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.76 billion, a P/E ratio of 47.35, a P/E/G ratio of 0.89 and a beta of 1.14.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share 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 business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be paid a $0.18 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 81.82%.

Analyst Upgrades and Downgrades

KNX has been the topic of several recent analyst reports. Evercore ISI reduced their target price on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Barclays cut their price objective on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Knight-Swift Transportation from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Susquehanna cut their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and lifted their price target for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Two investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.29.

Insider Activity

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the company’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 value of $148,462.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cary M. Flanagan sold 4,300 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $45.04, for a total transaction of $193,672.00. Following the sale, the chief accounting officer owned 5,644 shares in the company, valued at $254,205.76. This represents a 43.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

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.