Norris Perne & French LLP MI Cuts Position in Knight-Swift Transportation Holdings Inc. $KNX

Norris Perne & French LLP MI decreased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 12.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 415,373 shares of the transportation company’s stock after selling 58,723 shares during the quarter. Norris Perne & French LLP MI owned 0.26% of Knight-Swift Transportation worth $16,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Knight-Swift Transportation in the second quarter valued at $55,000. Employees Retirement System of Texas purchased a new stake in Knight-Swift Transportation during the second quarter valued at $58,000. UMB Bank n.a. lifted its position in Knight-Swift Transportation by 43.3% during the second quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 491 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew 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 worth $82,000 after buying an additional 850 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Knight-Swift Transportation by 21.3% in the 2nd quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock worth $96,000 after buying an additional 379 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $45.04, for a total value of $193,672.00. Following the transaction, the chief accounting officer owned 5,644 shares of the company’s stock, valued at $254,205.76. This trade represents a 43.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $51.51, for a total transaction of $241,684.92. Following the sale, the senior vice president owned 465 shares of the company’s stock, valued at $23,952.15. The trade was a 90.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 43,992 shares of company stock worth $2,220,707. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KNX. Benchmark reaffirmed a “buy” rating on shares of Knight-Swift Transportation in a report on Friday, October 24th. TD Cowen upped their price objective on Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price objective on Knight-Swift Transportation from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Susquehanna cut their target price on Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Finally, Morgan Stanley increased their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.24.

Knight-Swift Transportation Stock Down 0.5%

Shares of NYSE:KNX opened at $53.30 on Monday. The firm has a market capitalization of $8.65 billion, a PE ratio of 60.56, a price-to-earnings-growth ratio of 1.06 and a beta of 1.17. The business has a 50 day simple moving average of $47.55 and a two-hundred day simple moving average of $44.88. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.33.

Knight-Swift Transportation (NYSE:KNX) last issued 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). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Knight-Swift Transportation’s revenue was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, December 5th. Knight-Swift Transportation’s payout ratio is currently 81.82%.

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.