Kevin Knight Sells 35,000 Shares of Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Chairman Kevin Knight sold 35,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $51.01, for a total value of $1,785,350.00. Following the sale, the chairman directly owned 1,405,347 shares in the company, valued at $71,686,750.47. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Knight-Swift Transportation Stock Up 3.6%

Shares of KNX stock opened at $51.56 on Thursday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The stock has a market cap of $8.37 billion, a P/E ratio of 58.60, a P/E/G ratio of 0.99 and a beta of 1.17. The stock has a 50 day moving average of $45.30 and a 200 day moving average of $44.12. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31.

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

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Knight-Swift Transportation’s payout ratio is presently 81.82%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its stake in Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after acquiring an additional 828 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Knight-Swift Transportation by 7,100.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 923 shares in the last quarter. Versant Capital Management Inc raised its holdings in Knight-Swift Transportation by 111.3% in the 3rd quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 493 shares during the last quarter. Finally, MMA Asset Management LLC acquired a new stake in Knight-Swift Transportation in the 3rd quarter valued at about $41,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KNX shares. TD Cowen increased their target price on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research raised Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. UBS Group cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $46.00 to $51.00 in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their target price on Knight-Swift Transportation from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Finally, Barclays cut their price target on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.24.

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.