Knight-Swift Transportation (NYSE:KNX) Chairman Kevin Knight Sells 30,000 Shares of Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Chairman Kevin Knight sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the transaction, the chairman directly owned 1,305,347 shares of the company’s stock, valued at $79,626,167. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $59.18 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The stock has a market cap of $9.61 billion, a P/E ratio of 144.34, a P/E/G ratio of 0.91 and a beta of 1.15. The business’s 50 day moving average price is $56.49 and its 200-day moving average price is $48.53. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $62.63.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 21st. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the business earned $0.36 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, March 6th. Knight-Swift Transportation’s payout ratio is 175.61%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KNX. Barclays raised their price target on Knight-Swift Transportation from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Morgan Stanley raised their target price on Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Stephens reduced their price target on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Weiss Ratings cut shares of Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KNX. Wellington Management Group LLP lifted its stake in shares of Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after acquiring an additional 2,468,293 shares during the last quarter. Invesco Ltd. grew its stake in Knight-Swift Transportation by 513.6% in the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock valued at $126,354,000 after purchasing an additional 2,022,996 shares during the last quarter. Norges Bank purchased a new position in shares of Knight-Swift Transportation in the 4th quarter worth approximately $92,070,000. Balyasny Asset Management L.P. increased its position in Knight-Swift Transportation by 269.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after buying an additional 1,627,791 shares in the last quarter. Finally, Junto Capital Management LP increased its holdings in shares of Knight-Swift Transportation by 252.4% during the third quarter. Junto Capital Management LP now owns 2,262,145 shares of the transportation company’s stock valued at $89,377,000 after acquiring an additional 1,620,224 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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.