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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Chairman Kevin Knight sold 35,000 shares of the stock in a transaction on 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 completion of the sale, the chairman owned 1,405,347 shares in the company, valued at $71,686,750.47. This trade represents a 2.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Knight-Swift Transportation Price Performance

NYSE KNX traded down $1.18 during trading hours on Tuesday, reaching $49.83. 4,331,296 shares of the stock traded hands, compared to its average volume of 3,052,063. The stock has a 50 day simple moving average of $44.84 and a two-hundred day simple moving average of $44.02. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 56.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.33.

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

Knight-Swift Transportation Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KNX. Brooklyn Investment Group grew its holdings in Knight-Swift Transportation by 93.4% in the first 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 increased its holdings in Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after buying an additional 828 shares during the period. SJS Investment Consulting Inc. raised its holdings in shares of Knight-Swift Transportation by 7,100.0% during the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after purchasing an additional 923 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Knight-Swift Transportation by 111.3% during 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 during the last quarter. Finally, MMA Asset Management LLC acquired a new position in Knight-Swift Transportation in the third quarter valued at approximately $41,000. 88.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KNX has been the topic of several recent analyst reports. Barclays cut their target price on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Wells Fargo & Company reduced their price objective on Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Susquehanna decreased their target price on shares of Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. TD Cowen upped 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. Finally, UBS Group cut shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and raised their target price for the company from $46.00 to $51.00 in a research note on Friday, September 5th. Two equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.88.

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.