Wellington Management Group LLP Sells 4,151,067 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Wellington Management Group LLP decreased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 69.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,793,898 shares of the transportation company’s stock after selling 4,151,067 shares during the quarter. Wellington Management Group LLP owned approximately 1.10% of Knight-Swift Transportation worth $139,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its position in Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of Knight-Swift Transportation by 134.6% in the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 385 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 828 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Knight-Swift Transportation in the fourth quarter worth about $39,000. Finally, Fifth Third Bancorp increased its stake in shares of Knight-Swift Transportation by 44.4% in the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after purchasing an additional 267 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ploeg David Vander sold 2,200 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the sale, the director directly owned 30,252 shares in the company, valued at $1,583,087.16. This trade represents a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 224,954 shares of company stock valued at $16,183,454 over the last ninety days. 2.90% of the stock is owned by company insiders.

Knight-Swift Transportation Trading Up 1.8%

Shares of KNX opened at $68.45 on Tuesday. The stock’s 50-day moving average price is $72.73 and its 200 day moving average price is $67.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 263.28, a P/E/G ratio of 0.56 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 data on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company earned $0.21 EPS. The company’s quarterly revenue 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. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 307.69%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KNX shares. Susquehanna increased their target price on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Knight-Swift Transportation in a research report on Wednesday, August 26th. Wall Street Zen lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company increased their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.44.

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.