Knight-Swift Transportation (NYSE:KNX) CAO Sells $254,952.00 in Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) CAO Cary Flanagan sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Knight-Swift Transportation Price Performance

KNX stock opened at $69.59 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day simple moving average of $75.64 and a 200-day simple moving average of $65.54. The firm has a market capitalization of $11.31 billion, a PE ratio of 267.68, a price-to-earnings-growth ratio of 0.59 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.42 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were paid a $0.20 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 307.69%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KNX shares. Robert W. Baird boosted their price target on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. UBS Group raised their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, July 9th. Citizens Jmp began coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 target price on the stock. Finally, Susquehanna increased their price target on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $84.44.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently modified their holdings of KNX. Wellington Management Group LLP raised its stake in shares of Knight-Swift Transportation by 23.6% in the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock valued at $675,380,000 after acquiring an additional 2,468,293 shares during the period. Invesco Ltd. boosted its position in shares of Knight-Swift Transportation by 513.6% during the 4th quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock worth $126,354,000 after purchasing an additional 2,022,996 shares during the period. Norges Bank purchased a new position in shares of Knight-Swift Transportation during the 4th quarter worth approximately $92,070,000. Balyasny Asset Management L.P. increased its holdings in Knight-Swift Transportation by 269.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after purchasing an additional 1,627,791 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in Knight-Swift Transportation in the 4th quarter valued at approximately $66,151,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.