Great Lakes Advisors LLC Purchases Shares of 112,879 Knight-Swift Transportation Holdings Inc. $KNX

Great Lakes Advisors LLC acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 112,879 shares of the transportation company’s stock, valued at approximately $8,790,000.

A number of other institutional investors have also recently bought and sold shares of KNX. Handelsbanken Fonder AB raised its stake in Knight-Swift Transportation by 7.2% during the second quarter. Handelsbanken Fonder AB now owns 48,900 shares of the transportation company’s stock worth $3,808,000 after purchasing an additional 3,300 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in Knight-Swift Transportation in the second quarter valued at $245,000. GAMMA Investing LLC grew its position in Knight-Swift Transportation by 20.0% during the second quarter. GAMMA Investing LLC now owns 4,380 shares of the transportation company’s stock valued at $341,000 after acquiring an additional 729 shares during the period. Mader & Shannon Wealth Management Inc. increased its stake in Knight-Swift Transportation by 1.7% during the second quarter. Mader & Shannon Wealth Management Inc. now owns 171,537 shares of the transportation company’s stock worth $13,358,000 after acquiring an additional 2,818 shares during the last quarter. Finally, DV Trading LLC acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at about $287,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Susquehanna increased their price objective on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Wells Fargo & Company upped their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. increased their target price on Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Monday, July 13th. Finally, Stephens raised Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus price target of $84.44.

Knight-Swift Transportation Stock Down 1.7%

Shares of Knight-Swift Transportation stock opened at $69.55 on Thursday. The business has a 50-day moving average price of $74.00 and a 200 day moving average price of $66.81. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $82.86. The firm has a market cap of $11.32 billion, a P/E ratio of 267.49, a P/E/G ratio of 0.58 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 307.69%.

Insider Activity

In other news, CAO Cary M. Flanagan sold 3,600 shares of the business’s stock in a transaction that occurred on 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ploeg David Vander sold 2,200 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the completion of the transaction, the director directly owned 30,252 shares of the company’s stock, valued at $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 224,954 shares of company stock valued at $16,183,454. Insiders own 2.90% 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.