Signaturefd LLC Increases Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Signaturefd LLC raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 31.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,044 shares of the transportation company’s stock after purchasing an additional 734 shares during the quarter. Signaturefd LLC’s holdings in Knight-Swift Transportation were worth $135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KNX. Vanguard Group Inc. lifted its holdings in shares of Knight-Swift Transportation by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company’s stock valued at $649,560,000 after buying an additional 515,212 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Knight-Swift Transportation by 4.6% in the 1st quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company’s stock valued at $362,897,000 after buying an additional 364,263 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Knight-Swift Transportation by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company’s stock valued at $331,813,000 after buying an additional 638,352 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Knight-Swift Transportation by 8,856.8% in the 1st quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company’s stock valued at $70,704,000 after buying an additional 1,628,760 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Knight-Swift Transportation by 7.2% in the 1st quarter. American Century Companies Inc. now owns 1,330,804 shares of the transportation company’s stock valued at $57,877,000 after buying an additional 89,582 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America reduced their price objective on Knight-Swift Transportation from $49.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Citigroup lifted their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Baird R W raised Knight-Swift Transportation to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Evercore ISI dropped their price target on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $52.47.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Trading Up 3.9%

Shares of KNX opened at $41.44 on Friday. The stock’s 50-day moving average is $42.13 and its two-hundred day moving average is $42.95. The stock has a market cap of $6.73 billion, a PE ratio of 40.63, a P/E/G ratio of 0.67 and a beta of 1.14. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

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

Knight-Swift Transportation Company 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.