Knight-Swift Transportation Holdings Inc. $KNX Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.3% during the third quarter, HoldingsChannel.com reports. The fund owned 4,361,230 shares of the transportation company’s stock after buying an additional 765,833 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Knight-Swift Transportation were worth $169,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of KNX. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at $55,000. Employees Retirement System of Texas acquired a new stake in Knight-Swift Transportation during the 2nd quarter worth about $58,000. UMB Bank n.a. lifted its stake in Knight-Swift Transportation by 43.3% during the second quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock valued at $72,000 after buying an additional 491 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Knight-Swift Transportation by 68.7% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 2,087 shares of the transportation company’s stock worth $82,000 after buying an additional 850 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Knight-Swift Transportation by 21.3% in the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock worth $96,000 after acquiring an additional 379 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cary M. Flanagan sold 4,300 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the sale, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 43,992 shares of company stock worth $2,220,707 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Zacks Research raised shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Stifel Nicolaus raised their target price on Knight-Swift Transportation from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lifted their price target on Knight-Swift Transportation from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, TD Cowen increased their price objective on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.24.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $52.58 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.54 billion, a PE ratio of 59.75, a price-to-earnings-growth ratio of 1.06 and a beta of 1.17. The company has a 50 day moving average price of $47.76 and a two-hundred day moving average price of $45.01. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). The business 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%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Company 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.