ING Groep NV Grows Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

ING Groep NV increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 161.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,200 shares of the transportation company’s stock after purchasing an additional 42,700 shares during the period. ING Groep NV’s holdings in Knight-Swift Transportation were worth $2,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Knight-Swift Transportation during the 2nd quarter worth about $59,407,000. Clean Energy Transition LLP acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth about $51,817,000. Bank of New York Mellon Corp lifted its stake in Knight-Swift Transportation by 72.1% during the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock worth $95,558,000 after purchasing an additional 904,903 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Knight-Swift Transportation by 21.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock valued at $169,826,000 after purchasing an additional 765,833 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Knight-Swift Transportation by 36.5% in the second quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company’s stock valued at $99,440,000 after purchasing an additional 601,108 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Down 0.6%

Knight-Swift Transportation stock opened at $59.53 on Friday. The stock has a 50 day moving average of $55.53 and a two-hundred day moving average of $47.71. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $62.20. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 145.19, a PEG ratio of 0.89 and a beta of 1.15. The company has a current ratio of 0.86, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the firm posted $0.36 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, March 6th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.18. Knight-Swift Transportation’s payout ratio is currently 175.61%.

Insider Activity

In other news, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $51.51, for a total value of $241,684.92. Following the sale, the senior vice president owned 465 shares of the company’s stock, valued at $23,952.15. The trade was a 90.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James L. Fitzsimmons sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $54.77, for a total transaction of $324,074.09. Following the completion of the sale, the chief operating officer owned 8,716 shares of the company’s stock, valued at approximately $477,375.32. The trade was a 40.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,852 shares of company stock worth $2,426,770 over the last quarter. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KNX shares. UBS Group boosted their price objective on shares of Knight-Swift Transportation from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Citigroup restated a “neutral” rating and issued a $64.00 price objective on shares of Knight-Swift Transportation in a research note on Friday, February 6th. Zacks Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Benchmark boosted their target price on Knight-Swift Transportation from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company raised their price target on Knight-Swift Transportation from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.