PNC Financial Services Group Inc. Has $631,000 Stake in Knight-Swift Transportation Holdings Inc. $KNX

PNC Financial Services Group Inc. lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 81.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,983 shares of the transportation company’s stock after selling 69,844 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Knight-Swift Transportation were worth $631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. SJS Investment Consulting Inc. lifted its stake in Knight-Swift Transportation by 7,100.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 923 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Knight-Swift Transportation by 111.3% during the third 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 shares of Knight-Swift Transportation during the third quarter worth $41,000. Employees Retirement System of Texas bought a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at $58,000. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in shares of Knight-Swift Transportation by 68.7% in the 3rd 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 last quarter. 88.77% of the stock is owned by institutional investors.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, COO James L. Fitzsimmons sold 5,917 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $54.77, for a total value of $324,074.09. Following the completion of the sale, the chief operating officer directly owned 8,716 shares in the company, valued at approximately $477,375.32. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael K. Liu sold 1,243 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total transaction of $75,661.41. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 76,852 shares of company stock worth $4,256,770. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KNX. Wells Fargo & Company boosted their price objective on Knight-Swift Transportation from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Benchmark boosted their price target on Knight-Swift Transportation from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Barclays raised their price objective on shares of Knight-Swift Transportation from $50.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings downgraded shares of Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Finally, Susquehanna upped their price target on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. One 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’s stock. According to data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Knight-Swift Transportation Stock Performance

KNX stock opened at $61.84 on Friday. The firm has a market cap of $10.04 billion, a PE ratio of 150.83, a price-to-earnings-growth ratio of 0.87 and a beta of 1.15. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $56.93 and a 200-day moving average price of $48.83. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $62.63.

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

Knight-Swift Transportation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be given a dividend of $0.20 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Knight-Swift Transportation’s payout ratio 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.