JPMorgan Chase & Co. Sells 58,280 Shares of Knight-Swift Transportation Holdings Inc. $KNX

JPMorgan Chase & Co. cut its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,312,474 shares of the transportation company’s stock after selling 58,280 shares during the period. JPMorgan Chase & Co. owned 0.81% of Knight-Swift Transportation worth $51,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in Knight-Swift Transportation by 23.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after purchasing an additional 1,124 shares during the last quarter. Focus Partners Wealth acquired a new position in Knight-Swift Transportation in the 1st quarter valued at $451,000. ProShare Advisors LLC grew its holdings in Knight-Swift Transportation by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company’s stock valued at $333,000 after buying an additional 276 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Knight-Swift Transportation by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,636 shares of the transportation company’s stock worth $1,842,000 after buying an additional 2,937 shares during the period. Finally, Creative Planning lifted its holdings in shares of Knight-Swift Transportation by 39.9% during the second quarter. Creative Planning now owns 33,332 shares of the transportation company’s stock worth $1,474,000 after buying an additional 9,510 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CFO Joshua Smith sold 5,770 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $60.91, for a total transaction of $351,450.70. Following the sale, the chief financial officer owned 9,214 shares of the company’s stock, valued at approximately $561,224.74. The trade was a 38.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the transaction, the chairman owned 1,305,347 shares of the company’s stock, valued at $79,626,167. This trade represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 42,930 shares of company stock worth $2,581,186. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KNX. Wells Fargo & Company set a $64.00 price target on shares of Knight-Swift Transportation in a research note on Friday, March 13th. Morgan Stanley lifted their price objective on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Barclays boosted their price objective on shares of Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Evercore increased their target price on shares of Knight-Swift Transportation from $47.00 to $61.00 and gave the stock an “in-line” rating in a research report on Tuesday, January 13th. Finally, Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.44.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $53.27 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The stock has a market cap of $8.65 billion, a PE ratio of 129.92, a P/E/G ratio of 0.80 and a beta of 1.12. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $64.10. The business’s 50-day moving average price is $57.87 and its two-hundred day moving average price is $50.32.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share 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 analyst estimates of $1.90 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal 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 an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, March 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 195.12%.

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.