Amundi Decreases Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Amundi lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 75.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,816 shares of the transportation company’s stock after selling 177,064 shares during the period. Amundi’s holdings in Knight-Swift Transportation were worth $2,327,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in Knight-Swift Transportation by 611.7% during the first quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company’s stock worth $1,482,000 after buying an additional 29,286 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in Knight-Swift Transportation by 6.3% during the first quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company’s stock worth $4,824,000 after buying an additional 6,592 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Knight-Swift Transportation by 668.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company’s stock worth $1,511,000 after buying an additional 30,219 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Knight-Swift Transportation by 533.9% during the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company’s stock worth $1,462,000 after buying an additional 28,311 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Knight-Swift Transportation by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company’s stock worth $824,000 after buying an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KNX has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Robert W. Baird increased their target price on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. JPMorgan Chase & Co. increased their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company increased their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.19.

Knight-Swift Transportation Price Performance

KNX stock opened at $42.98 on Friday. The firm has a 50 day moving average of $43.96 and a 200-day moving average of $43.78. The company has a current ratio of 0.89, a quick ratio of 0.89 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 $61.51. The firm has a market capitalization of $6.98 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $0.24 earnings per share. Knight-Swift Transportation’s revenue was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.7%. Knight-Swift Transportation’s payout ratio is presently 70.59%.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.