Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC cut its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 31.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,409 shares of the transportation company’s stock after selling 88,527 shares during the quarter. Knight-Swift Transportation comprises 1.3% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 21st biggest position. 12th Street Asset Management Company LLC owned about 0.12% of Knight-Swift Transportation worth $7,484,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KNX. Integrated Wealth Concepts LLC grew its stake in shares of Knight-Swift Transportation by 23.3% in the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after acquiring an additional 1,124 shares in the last quarter. Focus Partners Wealth acquired a new position in Knight-Swift Transportation during the first quarter worth $451,000. Blair William & Co. IL acquired a new position in Knight-Swift Transportation during the second quarter worth $213,000. IFP Advisors Inc lifted its stake in Knight-Swift Transportation by 21.3% in the 2nd quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock valued at $96,000 after buying an additional 379 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Knight-Swift Transportation by 20.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,811 shares of the transportation company’s stock worth $832,000 after acquiring an additional 3,256 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $59.84 on Friday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $62.20. The stock has a market capitalization of $9.71 billion, a P/E ratio of 145.95, a P/E/G ratio of 0.89 and a beta of 1.15. The company has a quick ratio of 1.33, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $55.37 and a 200-day moving average of $47.61.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results 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). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.90 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 6th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.18. Knight-Swift Transportation’s dividend payout ratio (DPR) is 175.61%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KNX. Evercore upped their price target on Knight-Swift Transportation from $47.00 to $61.00 and gave the stock an “in-line” rating in a report on Tuesday, January 13th. Susquehanna boosted their price target on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Stifel Nicolaus dropped their target price on shares of Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Bank of America raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $41.00 to $50.00 in a research note on Thursday, October 16th. Finally, Morgan Stanley raised their target price on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insiders Place Their Bets

In other Knight-Swift Transportation news, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation 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 owned 465 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, COO James L. Fitzsimmons sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total transaction of $324,074.09. Following the completion of the transaction, the chief operating officer directly owned 8,716 shares of the company’s stock, valued at approximately $477,375.32. This trade represents a 40.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,852 shares of company stock valued at $2,426,770 over the last 90 days. 3.00% of the stock is owned by company insiders.

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.