Vanguard Group Inc. Sells 85,398 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Vanguard Group Inc. trimmed its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.6% during the third quarter, HoldingsChannel.com reports. The fund owned 14,811,451 shares of the transportation company’s stock after selling 85,398 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Knight-Swift Transportation worth $585,200,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Knight-Swift Transportation in the second quarter valued at about $59,407,000. Clean Energy Transition LLP acquired a new stake in Knight-Swift Transportation in the second quarter valued at approximately $51,817,000. Bank of New York Mellon Corp raised its holdings in Knight-Swift Transportation by 72.1% during the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock worth $95,558,000 after buying an additional 904,903 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Knight-Swift Transportation by 21.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock valued at $169,826,000 after acquiring an additional 765,833 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Knight-Swift Transportation by 36.5% in the second quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company’s stock worth $99,440,000 after purchasing an additional 601,108 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Up 1.8%

NYSE:KNX opened at $60.24 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $9.78 billion, a P/E ratio of 146.93, a P/E/G ratio of 0.88 and a beta of 1.15. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $62.63. The firm has a 50-day simple moving average of $56.62 and a two-hundred day simple moving average of $48.66.

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

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid 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 is Friday, March 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Knight-Swift Transportation’s dividend payout ratio is presently 175.61%.

Analyst Ratings Changes

Several brokerages have weighed in on KNX. Barclays increased their price objective on Knight-Swift Transportation from $50.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. UBS Group lifted their price target on Knight-Swift Transportation from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. TD Cowen raised their price target on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings downgraded Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Zacks Research raised shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insiders Place Their Bets

In other Knight-Swift Transportation news, SVP Reed Stultz sold 4,692 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total value of $241,684.92. Following the completion of the transaction, the senior vice president directly owned 465 shares in the company, valued at $23,952.15. This represents a 90.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael K. Liu sold 1,243 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total transaction of $75,661.41. The disclosure for this sale is available in the SEC filing. Insiders have sold 76,852 shares of company stock valued at $4,256,770 over the last three months. Insiders own 3.00% 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.