Royal Bank of Canada Sells 292,645 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Royal Bank of Canada cut its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 64.0% in the first quarter, HoldingsChannel.com reports. The firm owned 164,504 shares of the transportation company’s stock after selling 292,645 shares during the quarter. Royal Bank of Canada’s holdings in Knight-Swift Transportation were worth $9,472,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Knight-Swift Transportation by 23.6% in the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after purchasing an additional 2,468,293 shares in the last quarter. Invesco Ltd. grew its stake in Knight-Swift Transportation by 513.6% during the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock valued at $126,354,000 after acquiring an additional 2,022,996 shares in the last quarter. Norges Bank purchased a new position in Knight-Swift Transportation during the fourth quarter valued at $92,070,000. Balyasny Asset Management L.P. increased its holdings in Knight-Swift Transportation by 269.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after acquiring an additional 1,627,791 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new stake in Knight-Swift Transportation in the 4th quarter valued at $66,151,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KNX shares. Benchmark boosted their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays increased their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Wall Street Zen upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Stifel Nicolaus boosted their price objective on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Susquehanna boosted their price objective on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.44.

Trending Headlines about Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Knight-Swift declared a quarterly cash dividend of $0.20 per share, payable September 21 to shareholders of record September 4. The annualized dividend is $0.80 per share, representing an indicated yield of approximately 1.2%. Knight Transportation Declares Quarterly Cash Dividend for Shareholders
• Positive Sentiment: The dividend signals ongoing shareholder returns and was not accompanied by a reduction in the payout.
• Neutral Sentiment: Zacks’ current full-year earnings consensus remains $2.42 per share, while its longer-term FY2028 forecast is $3.99 per share after revision.
• Negative Sentiment: Zacks reduced its Q3 2026 EPS forecast to $0.53 from $0.57 and Q4 2026 EPS to $0.56 from $0.71, signaling weaker near-term earnings expectations.
• Negative Sentiment: Estimates for 2027 were also lowered: Q2 EPS fell to $0.60 from $0.73, Q3 EPS to $0.77 from $1.00, Q4 EPS to $0.79 from $0.98, and full-year EPS to $2.65 from $3.21.
• Negative Sentiment: Zacks cut its Q1 2028 EPS forecast sharply to $0.34 from $0.75 and lowered FY2028 EPS to $3.99 from $4.27. The breadth and size of the reductions suggest analysts see pressure on Knight-Swift’s freight demand, pricing, or operating performance.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Reid Dove sold 50,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.25, for a total transaction of $3,512,500.00. Following the completion of the sale, the director directly owned 169,154 shares of the company’s stock, valued at approximately $11,883,068.50. The trade was a 22.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cary M. Flanagan sold 3,600 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the transaction, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by company insiders.

Knight-Swift Transportation Stock Up 0.2%

Shares of NYSE:KNX opened at $70.14 on Monday. The firm has a market capitalization of $11.40 billion, a PE ratio of 269.76, a price-to-earnings-growth ratio of 0.59 and a beta of 1.18. The business has a 50 day simple moving average of $75.29 and a two-hundred day simple moving average of $66.00. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $82.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 307.69%.

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.