Lido Advisors LLC reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 46.9% in the first quarter, HoldingsChannel reports. The firm owned 39,878 shares of the transportation company’s stock after selling 35,224 shares during the period. Lido Advisors LLC’s holdings in Knight-Swift Transportation were worth $2,296,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in KNX. Blue Trust Inc. grew its stake in Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Knight-Swift Transportation by 134.6% in the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after purchasing an additional 385 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at about $39,000. Fifth Third Bancorp lifted its position in shares of Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after buying an additional 267 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.
Knight-Swift Transportation News Roundup
Here are the key news stories impacting Knight-Swift Transportation this week:
- Positive Sentiment: KNX beat Q2 estimates, reporting $0.63 EPS versus $0.49-$0.51 expected, with revenue of $2.10 billion topping forecasts of about $2.05 billion. Article: Knight-Swift Transportation Holdings (KNX) Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Margins improved as truckload pricing, network efficiency and intermodal growth helped drive profitability, with truckload EBIT and EPS showing sharp year-over-year gains. Article: Knight-Swift Q2 Earnings Beat Estimates on Truckload Margin Gains
- Positive Sentiment: Several firms raised price targets after the report, including Bank of America, Stifel, Susquehanna, TD Cowen and JPMorgan, signaling improved sentiment toward KNX. Article: Analyst price target updates
- Positive Sentiment: KNX was also added to Zacks’ Rank #1 “Strong Buy” growth list, which may support investor confidence in the stock. Article: Best Growth Stocks to Buy for July 24th
- Neutral Sentiment: Market commentary notes the stock is falling today after the earnings release, likely reflecting a “buy the rumor, sell the news” reaction or investor concern about whether the strong quarter can be sustained. Article: Why Knight-Swift Transportation (KNX) stock is falling today
Knight-Swift Transportation Trading Down 0.1%
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last announced 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. 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 analyst estimates of $2.05 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The business’s quarterly revenue 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. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.
Knight-Swift Transportation Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 307.69%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on KNX. Citizens Jmp began coverage on shares of Knight-Swift Transportation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group raised their target price on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Raymond James Financial lifted their price target on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Stifel Nicolaus upped their price target on Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Buy” and a consensus price target of $84.44.
Get Our Latest Stock Analysis on Knight-Swift Transportation
Knight-Swift Transportation Profile
Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.
The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.
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