Triasima Portfolio Management inc. Makes New Investment in Knight-Swift Transportation Holdings Inc. $KNX

Triasima Portfolio Management inc. bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,580 shares of the transportation company’s stock, valued at approximately $546,000.

Several other hedge funds have also modified their holdings of KNX. Blue Trust Inc. lifted its holdings in shares of Knight-Swift Transportation by 123.9% during the first 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. MCF Advisors LLC boosted its position in shares of Knight-Swift Transportation by 55.8% in the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 242 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at $72,000. Bessemer Group Inc. increased its stake in Knight-Swift Transportation by 280.2% in the 1st quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock worth $122,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Knight-Swift Transportation by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,516 shares of the transportation company’s stock worth $160,000 after purchasing an additional 720 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

KNX opened at $65.31 on Friday. The stock has a fifty day moving average of $67.69 and a 200-day moving average of $69.42. The firm has a market capitalization of $10.63 billion, a P/E ratio of 251.19, a PEG ratio of 0.53 and a beta of 1.21. Knight-Swift Transportation Holdings Inc. has a 12-month low of $41.24 and a 12-month high of $82.86. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%. Knight-Swift Transportation’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.46 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Analyst Ratings Changes

KNX has been the topic of several recent analyst reports. UBS Group cut their price objective on Knight-Swift Transportation from $94.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday. TD Cowen raised their target price on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus raised their target price on shares of Knight-Swift Transportation from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Raymond James Financial lifted their target price on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, Citigroup dropped their target price on shares of Knight-Swift Transportation from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.83.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director David Vander Ploeg sold 2,200 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the transaction, the director owned 30,252 shares of the company’s stock, valued at $1,583,087.16. The trade was a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Cary M. Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 224,954 shares of company stock valued at $16,183,454. Corporate insiders own 2.90% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.