South Dakota Investment Council Decreases Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

South Dakota Investment Council trimmed its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 16.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,882 shares of the transportation company’s stock after selling 13,600 shares during the quarter. South Dakota Investment Council’s holdings in Knight-Swift Transportation were worth $4,081,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in shares of Knight-Swift Transportation by 23.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock valued at $259,000 after buying an additional 1,124 shares during the period. Focus Partners Wealth purchased a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $451,000. Cetera Investment Advisers increased its stake in shares of Knight-Swift Transportation by 6.9% during the second quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after buying an additional 882 shares during the period. Invesco Ltd. increased its stake in shares of Knight-Swift Transportation by 57.7% during the second quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock worth $48,110,000 after buying an additional 398,116 shares during the period. Finally, First Trust Advisors LP raised its holdings in Knight-Swift Transportation by 54.3% in the second quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock valued at $21,748,000 after acquiring an additional 172,956 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Barclays lifted their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. boosted their target price on shares of Knight-Swift Transportation from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Susquehanna increased their target price on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Finally, UBS Group raised their price target on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Buy” and an average price target of $84.44.

Knight-Swift Transportation Trading Down 1.8%

NYSE KNX opened at $69.76 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.70. The firm’s fifty day moving average price is $75.65 and its 200 day moving average price is $65.45. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 268.31, a price-to-earnings-growth ratio of 0.60 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned $0.21 earnings per share. Knight-Swift Transportation’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. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.42 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation’s payout ratio is 307.69%.

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.