Ceredex Value Advisors LLC Boosts Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Ceredex Value Advisors LLC raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 87.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 911,921 shares of the transportation company’s stock after buying an additional 425,940 shares during the period. Ceredex Value Advisors LLC owned about 0.56% of Knight-Swift Transportation worth $36,030,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth $830,000. Victory Capital Management Inc. raised its holdings in Knight-Swift Transportation by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after purchasing an additional 76,342 shares during the period. Deprince Race & Zollo Inc. lifted its position in Knight-Swift Transportation by 5.8% during the third quarter. Deprince Race & Zollo Inc. now owns 701,856 shares of the transportation company’s stock valued at $27,730,000 after purchasing an additional 38,474 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Knight-Swift Transportation by 21.3% during 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 during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Knight-Swift Transportation during the third quarter valued at about $749,000. 88.77% of the stock is currently owned by institutional investors.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 1,243 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total transaction of $75,661.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO James L. Fitzsimmons sold 5,917 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total value of $324,074.09. Following the completion of the transaction, the chief operating officer owned 8,716 shares of the company’s stock, valued at approximately $477,375.32. This trade represents a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,930 shares of company stock worth $2,581,186 in the last three months. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

KNX has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Zacks Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. TD Cowen increased their target price on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, Morgan Stanley upped their price target on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $60.56.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $57.83 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 twelve month low of $36.69 and a twelve month high of $64.10. The business has a 50-day moving average price of $57.98 and a 200-day moving average price of $49.81. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 141.04, a price-to-earnings-growth ratio of 0.84 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 (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the business posted $0.36 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, March 6th. Knight-Swift Transportation’s payout ratio is presently 195.12%.

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.