Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Jain Global LLC

Jain Global LLC decreased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 77.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 233,572 shares of the transportation company’s stock after selling 823,304 shares during the quarter. Jain Global LLC’s holdings in Knight-Swift Transportation were worth $9,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KNX. Integrated Wealth Concepts LLC raised its position in shares of Knight-Swift Transportation by 23.3% during the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after acquiring an additional 1,124 shares during the last quarter. Focus Partners Wealth acquired a new stake in Knight-Swift Transportation in the first quarter worth about $451,000. ProShare Advisors LLC increased its position in Knight-Swift Transportation by 3.8% in the second quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company’s stock worth $333,000 after purchasing an additional 276 shares during the period. Allworth Financial LP raised its holdings in Knight-Swift Transportation by 14.8% during the 2nd quarter. Allworth Financial LP now owns 3,493 shares of the transportation company’s stock worth $154,000 after purchasing an additional 449 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Knight-Swift Transportation by 5.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 85,827 shares of the transportation company’s stock valued at $3,796,000 after purchasing an additional 4,581 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Up 2.4%

NYSE:KNX opened at $53.20 on Tuesday. The firm’s 50 day moving average is $58.11 and its 200 day moving average is $50.15. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $64.10. The stock has a market capitalization of $8.64 billion, a PE ratio of 129.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.11.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.The firm’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a $0.20 dividend. This is a boost 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 dividend on an annualized basis and a yield of 1.5%. Knight-Swift Transportation’s payout ratio is presently 195.12%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company set a $64.00 target price on shares of Knight-Swift Transportation in a research note on Friday. Stifel Nicolaus dropped their price target on shares of Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. UBS Group increased their price objective on shares of Knight-Swift Transportation from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, January 22nd. Stephens lowered their target price on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Finally, Benchmark upped their target price on shares of Knight-Swift Transportation from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.78.

Insider Transactions at Knight-Swift Transportation

In other news, CFO Joshua Smith sold 5,770 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $60.91, for a total value of $351,450.70. Following the transaction, the chief financial officer directly owned 9,214 shares in the company, valued at $561,224.74. The trade was a 38.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James L. Fitzsimmons sold 5,917 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total value of $324,074.09. Following the completion of the transaction, the chief operating officer owned 8,716 shares of the company’s stock, valued at $477,375.32. The trade was a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 42,930 shares of company stock valued at $2,581,186. 3.00% of the stock is owned by company insiders.

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.