12th Street Asset Management Company LLC Reduces Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

12th Street Asset Management Company LLC trimmed its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 31.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 189,409 shares of the transportation company’s stock after selling 88,527 shares during the period. Knight-Swift Transportation comprises 1.3% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 21st largest position. 12th Street Asset Management Company LLC’s holdings in Knight-Swift Transportation were worth $7,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in 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 buying an additional 1,124 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Knight-Swift Transportation in the 1st quarter worth $451,000. Blair William & Co. IL bought a new stake in shares of Knight-Swift Transportation during the 2nd quarter valued at about $213,000. IFP Advisors Inc grew its position in Knight-Swift Transportation by 21.3% during the second 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 during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Knight-Swift Transportation by 20.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,811 shares of the transportation company’s stock worth $832,000 after purchasing an additional 3,256 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

KNX has been the topic of a number of analyst reports. 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. Susquehanna increased their price target on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Citigroup reaffirmed a “neutral” rating and set a $64.00 target price on shares of Knight-Swift Transportation in a research note on Friday, February 6th. Finally, TD Cowen raised their price target 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, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Activity

In related news, EVP Michael K. Liu sold 1,243 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total value of $75,661.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO James L. Fitzsimmons sold 5,917 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total transaction of $324,074.09. Following the sale, the chief operating officer directly owned 8,716 shares in the company, valued at $477,375.32. This represents a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 46,852 shares of company stock valued at $2,426,770. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $59.84 on Friday. 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 stock has a market cap of $9.71 billion, a PE ratio of 145.95, a price-to-earnings-growth ratio of 0.89 and a beta of 1.15. The business has a 50-day simple moving average of $55.37 and a 200-day simple moving average of $47.61. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $62.20.

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

Knight-Swift Transportation Increases Dividend

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

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.