William Blair Investment Management LLC Increases Stake in Knight-Swift Transportation Holdings Inc. $KNX

William Blair Investment Management LLC lifted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 8,184.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 509,919 shares of the transportation company’s stock after buying an additional 503,764 shares during the quarter. William Blair Investment Management LLC’s holdings in Knight-Swift Transportation were worth $20,147,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its holdings in shares of Knight-Swift Transportation by 7,100.0% during the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after purchasing an additional 923 shares during the last quarter. Versant Capital Management Inc grew its stake in Knight-Swift Transportation by 111.3% during the 3rd quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock worth $37,000 after buying an additional 493 shares during the last quarter. MMA Asset Management LLC acquired a new position in Knight-Swift Transportation during the third quarter worth approximately $41,000. Employees Retirement System of Texas purchased a new stake in Knight-Swift Transportation in the second quarter valued at approximately $58,000. Finally, Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Knight-Swift Transportation by 68.7% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 2,087 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 850 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Activity

In other Knight-Swift Transportation news, CFO Joshua Smith sold 5,770 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $60.91, for a total value of $351,450.70. Following the sale, the chief financial officer owned 9,214 shares of the company’s stock, valued at approximately $561,224.74. This represents a 38.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael K. Liu sold 1,243 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total value of $75,661.41. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,622 shares of company stock valued at $4,608,221 in the last 90 days. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Knight-Swift Transportation in a report on Friday, February 6th. Morgan Stanley lifted their price objective on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Weiss Ratings downgraded shares of Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Stifel Nicolaus dropped their price target on Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Finally, Benchmark upped their price objective on Knight-Swift Transportation from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $62.17 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $63.84. The company has a 50-day simple moving average of $57.31 and a 200-day simple moving average of $49.19. The company has a market capitalization of $10.10 billion, a PE ratio of 151.63, a P/E/G ratio of 0.93 and a beta of 1.11.

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

Knight-Swift Transportation Increases Dividend

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

Knight-Swift Transportation Company 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.