AXQ Capital LP Invests $913,000 in Knight-Swift Transportation Holdings Inc. $KNX

AXQ Capital LP purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the third quarter, according to its most recent filing with the SEC. The firm purchased 23,110 shares of the transportation company’s stock, valued at approximately $913,000.

Other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. increased its stake in Knight-Swift Transportation by 7,100.0% in the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 923 shares in the last quarter. Versant Capital Management Inc increased its position in shares of 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 buying an additional 493 shares in the last quarter. MMA Asset Management LLC bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at $41,000. Employees Retirement System of Texas acquired a new stake in Knight-Swift Transportation during the 2nd quarter worth $58,000. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in Knight-Swift Transportation by 68.7% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 2,087 shares of the transportation company’s stock worth $82,000 after acquiring an additional 850 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. TD Cowen increased their target price on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Morgan Stanley lifted their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Barclays upped their price objective on Knight-Swift Transportation from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Citigroup reiterated a “neutral” rating and set a $64.00 price objective on shares of Knight-Swift Transportation in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Knight-Swift Transportation Trading Down 4.1%

NYSE KNX opened at $59.18 on Tuesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $62.63. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $56.49 and a 200-day moving average of $48.53. The company has a market cap of $9.61 billion, a PE ratio of 144.34, a PEG ratio of 0.91 and a beta of 1.15.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, March 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 175.61%.

Insider Activity at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 35,000 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total value of $1,785,350.00. Following the transaction, the chairman directly owned 1,405,347 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Reed Stultz sold 4,692 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction 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. This represents a 90.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 76,852 shares of company stock valued at $4,256,770 in 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.