Engineers Gate Manager LP boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 54.3% during the second quarter, Holdings Channel reports. The institutional investor owned 175,244 shares of the transportation company’s stock after buying an additional 61,706 shares during the period. Engineers Gate Manager LP’s holdings in Knight-Swift Transportation were worth $13,646,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of KNX. Cidel Asset Management Inc. purchased a new stake in Knight-Swift Transportation in the second quarter valued at approximately $208,000. NewEdge Advisors LLC grew its stake in shares of Knight-Swift Transportation by 245.5% during the 2nd quarter. NewEdge Advisors LLC now owns 12,875 shares of the transportation company’s stock valued at $1,003,000 after buying an additional 9,149 shares during the period. IFP Advisors Inc raised its position in shares of Knight-Swift Transportation by 50.5% in the 2nd quarter. IFP Advisors Inc now owns 3,065 shares of the transportation company’s stock worth $239,000 after buying an additional 1,029 shares during the period. Baird Financial Group Inc. raised its position in shares of Knight-Swift Transportation by 152.4% in the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company’s stock worth $33,175,000 after buying an additional 257,256 shares during the period. Finally, West Family Investments Inc. acquired a new position in Knight-Swift Transportation in the second quarter valued at $351,000. Institutional investors and hedge funds own 88.77% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on KNX shares. Citigroup reaffirmed a “market outperform” rating on shares of Knight-Swift Transportation in a research note on Wednesday, August 26th. UBS Group boosted their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Sanford C. Bernstein assumed coverage on shares of Knight-Swift Transportation in a report on Thursday. They set an “outperform” rating and a $91.00 target price on the stock. Morgan Stanley set a $90.00 price target on Knight-Swift Transportation in a report on Wednesday, September 2nd. Finally, Wells Fargo & Company raised their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. 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. According to data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.26.
Knight-Swift Transportation Stock Performance
Knight-Swift Transportation stock opened at $69.00 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $38.63 and a 12-month high of $82.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 265.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The firm’s fifty day moving average price is $71.62 and its 200 day moving average price is $67.92.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current fiscal year.
Knight-Swift Transportation Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be paid 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 307.69%.
Insider Buying and Selling at Knight-Swift Transportation
In other news, CAO Cary M. Flanagan sold 3,600 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at approximately $382,782.10. This represents a 39.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Reid Dove sold 126,864 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 224,954 shares of company stock worth $16,183,454 in the last 90 days. 2.90% of the stock is owned by corporate insiders.
Knight-Swift Transportation Company Profile
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.
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