Knight-Swift Transportation Holdings Inc. $KNX Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,361,230 shares of the transportation company’s stock after acquiring an additional 765,833 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.69% of Knight-Swift Transportation worth $169,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KNX. AQR Capital Management LLC raised its stake 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 purchasing an additional 1,628,760 shares in the last quarter. Norges Bank acquired a new stake in Knight-Swift Transportation during the second quarter valued at approximately $59,407,000. Clean Energy Transition LLP bought a new position in Knight-Swift Transportation during the 2nd quarter worth approximately $51,817,000. Bank of New York Mellon Corp grew its position in shares of Knight-Swift Transportation by 72.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock worth $95,558,000 after acquiring an additional 904,903 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Knight-Swift Transportation by 1,741.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 603,648 shares of the transportation company’s stock worth $26,699,000 after acquiring an additional 570,874 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

KNX has been the subject of a number of research reports. TD Cowen lifted their price objective on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Wells Fargo & Company lifted their price target on shares of Knight-Swift Transportation from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Zacks Research raised shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Citigroup raised their target price on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Raymond James Financial lifted their target price on Knight-Swift Transportation from $55.00 to $59.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.24.

Insiders Place Their Bets

In other Knight-Swift Transportation news, SVP Reed Stultz sold 4,692 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $51.51, for a total value of $241,684.92. Following the sale, the senior vice president directly owned 465 shares in the company, valued at approximately $23,952.15. The trade was a 90.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $45.04, for a total transaction of $193,672.00. Following the transaction, the chief accounting officer owned 5,644 shares of the company’s stock, valued at approximately $254,205.76. This trade represents a 43.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 43,992 shares of company stock worth $2,220,707. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $52.58 on Wednesday. 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 $8.54 billion, a PE ratio of 59.75, a P/E/G ratio of 1.06 and a beta of 1.17. The company’s 50 day simple moving average is $47.76 and its 200 day simple moving average is $45.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.33.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.06). Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Profile

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.