Fifth Third Bancorp Lowers Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

Fifth Third Bancorp lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 35.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 664 shares of the transportation company’s stock after selling 366 shares during the quarter. Fifth Third Bancorp’s holdings in Knight-Swift Transportation were worth $29,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KNX. Larson Financial Group LLC boosted its stake in Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after buying an additional 563 shares during the period. Brooklyn Investment Group boosted its stake in shares of Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. boosted its stake in shares of Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 324 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Knight-Swift Transportation in the second quarter valued at approximately $55,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Knight-Swift Transportation in the first quarter valued at approximately $111,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $41.44 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $6.73 billion, a P/E ratio of 40.63, a P/E/G ratio of 0.67 and a beta of 1.14. The company’s fifty day moving average is $42.13 and its two-hundred day moving average is $42.95. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping 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 business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation’s dividend payout ratio is 70.59%.

Insider Transactions at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction dated 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 SEC, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

KNX has been the subject of several recent research reports. Baird R W raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Tuesday, July 1st. Robert W. Baird raised their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Evercore ISI decreased their price target on shares of Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating for the company in a research note on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Knight-Swift Transportation in a research note on Saturday, September 27th. Finally, UBS Group downgraded shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $46.00 to $51.00 in a research note on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.47.

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.