Knight-Swift Transportation Holdings Inc. $KNX Shares Acquired by UBS Group AG

UBS Group AG lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 44.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,430,896 shares of the transportation company’s stock after buying an additional 745,787 shares during the period. UBS Group AG’s holdings in Knight-Swift Transportation were worth $127,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 worth $35,000 after buying an additional 828 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of 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 worth $37,000 after buying an additional 923 shares during the period. Versant Capital Management Inc boosted its position in shares of Knight-Swift Transportation by 111.3% in the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock worth $37,000 after buying an additional 493 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Knight-Swift Transportation by 54.2% in the fourth quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company’s stock worth $50,000 after buying an additional 336 shares during the period. Finally, MMA Asset Management LLC acquired a new stake in shares of Knight-Swift Transportation in the third quarter worth $41,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KNX shares. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. Barclays lifted their target price on shares of Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Benchmark lifted their target price on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Robert W. Baird lifted their target price on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, TD Cowen lifted their price objective on Knight-Swift Transportation from $60.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.71.

Insider Buying and Selling

In other Knight-Swift Transportation news, CFO Joshua Smith sold 5,770 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $60.91, for a total transaction of $351,450.70. Following the transaction, the chief financial officer directly owned 9,214 shares in the company, valued at $561,224.74. This trade represents a 38.51% 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, Chairman Kevin P. Knight sold 30,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $61.00, for a total value of $1,830,000.00. Following the transaction, the chairman owned 1,305,347 shares in the company, valued at approximately $79,626,167. This trade represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,930 shares of company stock valued at $2,581,186 in the last three months. 2.90% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $64.06 on Friday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $67.75. The stock’s 50-day moving average is $59.53 and its two-hundred day moving average is $54.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.86. The firm has a market cap of $10.41 billion, a P/E ratio of 305.08, a price-to-earnings-growth ratio of 0.86 and a beta of 1.15.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business earned $0.28 earnings per share. Knight-Swift Transportation’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, March 6th. Knight-Swift Transportation’s dividend payout ratio is 380.95%.

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.