California Public Employees Retirement System Has $16.81 Million Position in Knight-Swift Transportation Holdings Inc. $KNX

California Public Employees Retirement System increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 291,883 shares of the transportation company’s stock after buying an additional 8,653 shares during the period. California Public Employees Retirement System’s holdings in Knight-Swift Transportation were worth $16,807,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KNX. Blue Trust Inc. boosted its stake in shares of Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares during the last quarter. Clearstead Advisors LLC raised its stake in shares of Knight-Swift Transportation by 134.6% during the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after buying an additional 385 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares during the period. Los Angeles Capital Management LLC acquired a new position in Knight-Swift Transportation in the fourth quarter valued at approximately $39,000. Finally, Fifth Third Bancorp boosted its stake in Knight-Swift Transportation by 44.4% in the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Key Headlines Impacting Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Knight-Swift beat second-quarter expectations, reporting EPS of $0.63 versus consensus around $0.49-$0.51 and revenue of $2.10 billion versus estimates near $2.05 billion, with revenue up 12.6% year over year. Earnings report and transcript
• Positive Sentiment: The company also issued third-quarter EPS guidance of $0.71 to $0.77, above the Street’s estimate of about $0.67, which suggests management sees continued momentum. Quarterly results announcement
• Positive Sentiment: Several Wall Street firms lifted price targets after the results, including Bank of America to $98, Stifel to $88, Susquehanna to $96, TD Cowen to $86, and JPMorgan to $84, reflecting improved sentiment around the stock. Analyst target updates
• Neutral Sentiment: JPMorgan kept a neutral rating despite raising its target, while the other firms maintained more constructive views such as buy or positive. JPMorgan update

Analysts Set New Price Targets

KNX has been the topic of several recent research reports. Stifel Nicolaus raised their price target on Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday. Citizens Jmp initiated coverage on Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price objective for the company. Susquehanna increased their target price on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research note on Thursday. Raymond James Financial raised their target price on Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Robert W. Baird boosted their target price on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Buy” and a consensus price target of $84.44.

Knight-Swift Transportation Stock Down 5.2%

KNX stock opened at $72.05 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $11.71 billion, a P/E ratio of 277.13, a P/E/G ratio of 0.85 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $82.86. The business has a 50-day moving average of $75.53 and a 200-day moving average of $64.92.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.50% and a net margin of 0.56%.The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. Knight-Swift Transportation’s quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.21 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is presently 380.95%.

About Knight-Swift Transportation

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.