AXQ Capital LP Buys New Position in Knight-Swift Transportation Holdings Inc. $KNX

AXQ Capital LP bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,110 shares of the transportation company’s stock, valued at approximately $913,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in Knight-Swift Transportation by 23.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after purchasing an additional 1,124 shares in the last quarter. Focus Partners Wealth acquired a new position in Knight-Swift Transportation in the 1st quarter worth about $451,000. Forum Financial Management LP lifted its stake in shares of Knight-Swift Transportation by 19.4% in the 2nd quarter. Forum Financial Management LP now owns 6,591 shares of the transportation company’s stock valued at $292,000 after purchasing an additional 1,073 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in shares of Knight-Swift Transportation by 4.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 11,201 shares of the transportation company’s stock worth $495,000 after acquiring an additional 481 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in Knight-Swift Transportation during the second quarter valued at approximately $311,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KNX. Evercore lifted their price objective on Knight-Swift Transportation from $47.00 to $61.00 and gave the stock an “in-line” rating in a research note on Tuesday, January 13th. 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. TD Cowen increased their price target on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings downgraded shares of Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Finally, Benchmark upped their price objective on shares of Knight-Swift Transportation from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Knight-Swift Transportation Trading Down 4.1%

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

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

Knight-Swift Transportation Increases Dividend

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

Insider Activity at Knight-Swift Transportation

In other news, SVP Reed Stultz sold 4,692 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the completion of the sale, the senior vice president owned 465 shares in the company, valued at $23,952.15. The trade was a 90.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Kevin P. Knight sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the completion of the transaction, the chairman directly owned 1,405,347 shares in the company, valued at $71,686,750.47. This trade represents a 2.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,852 shares of company stock valued at $4,256,770 over the last ninety days. Company insiders own 3.00% of the company’s stock.

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.