Cherokee Insurance Co Takes $3.69 Million Position in Knight-Swift Transportation Holdings Inc. $KNX

Cherokee Insurance Co bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,420 shares of the transportation company’s stock, valued at approximately $3,690,000. Knight-Swift Transportation accounts for about 1.6% of Cherokee Insurance Co’s holdings, making the stock its 21st largest holding. Cherokee Insurance Co owned about 0.05% of Knight-Swift Transportation at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KNX. Cerity Partners LLC raised its holdings in shares of Knight-Swift Transportation by 611.7% in the 1st quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company’s stock valued at $1,482,000 after purchasing an additional 29,286 shares in the last quarter. Washington Capital Management Inc. acquired a new position in shares of Knight-Swift Transportation during the second quarter worth $464,000. Two Point Capital Management Inc. purchased a new position in Knight-Swift Transportation in the second quarter valued at $5,398,000. Allspring Global Investments Holdings LLC raised its stake in Knight-Swift Transportation by 8.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,595,397 shares of the transportation company’s stock valued at $165,712,000 after buying an additional 268,761 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Knight-Swift Transportation by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company’s stock worth $649,560,000 after buying an additional 515,212 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. UBS Group lowered shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $46.00 to $51.00 in a research note on Friday, September 5th. Benchmark restated a “buy” rating on shares of Knight-Swift Transportation in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Knight-Swift Transportation in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and boosted their target price for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus target price of $53.29.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of Knight-Swift Transportation stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $45.04, for a total transaction of $193,672.00. Following the completion of the sale, the chief accounting officer directly owned 5,644 shares in the company, valued at approximately $254,205.76. The trade was a 43.24% decrease in their position. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX opened at $44.88 on Thursday. The company has a 50-day simple moving average of $43.20 and a 200-day simple moving average of $43.64. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 1.33. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 51.00, a PEG ratio of 0.89 and a beta of 1.14.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. Knight-Swift Transportation’s payout ratio is presently 81.82%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.