Knight-Swift Transportation Holdings Inc. $KNX Stock Sold by Tectonic Advisors LLC

Tectonic Advisors LLC trimmed its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 20.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,505 shares of the transportation company’s stock after selling 28,069 shares during the period. Tectonic Advisors LLC owned approximately 0.07% of Knight-Swift Transportation worth $7,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC purchased a new stake in Knight-Swift Transportation in the second quarter worth approximately $173,669,000. Encompass Capital Advisors LLC purchased a new stake in Knight-Swift Transportation during the 1st quarter valued at $28,790,000. Assenagon Asset Management S.A. bought a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at $29,990,000. Baird Financial Group Inc. lifted its holdings in shares of Knight-Swift Transportation by 152.4% during the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company’s stock valued at $33,175,000 after buying an additional 257,256 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Knight-Swift Transportation by 24.7% in the 1st quarter. Sei Investments Co. now owns 842,644 shares of the transportation company’s stock worth $48,519,000 after buying an additional 166,919 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

KNX has been the topic of a number of research reports. Wall Street Zen lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Benchmark upped their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. TD Cowen increased their target price on Knight-Swift Transportation from $82.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus increased their target price on Knight-Swift Transportation from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average target price of $82.78.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director David Vander Ploeg sold 2,200 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the completion of the sale, the director owned 30,252 shares in the company, valued at $1,583,087.16. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Cary Flanagan sold 3,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at $382,782.10. This trade represents a 39.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 224,954 shares of company stock worth $16,183,454 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Key Stories Impacting Knight-Swift Transportation

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

• Positive Sentiment: KNX reported third-quarter adjusted EPS of $0.83, above the approximately $0.75–$0.76 analyst consensus, while revenue of $2.20 billion also exceeded expectations. EPS more than doubled from $0.32 a year earlier, supported by improving truckload pricing and early margin recovery. Knight-Swift Q3 earnings report
• Positive Sentiment: Management expects truckload operating income to improve meaningfully in the fourth quarter, and commentary pointed to tighter capacity and better pricing as potential catalysts for further earnings recovery. First look at Knight-Swift’s Q3 results
• Positive Sentiment: Several analysts still see substantial upside: Stifel raised its price target to $92 with a buy rating, while Wells Fargo maintained an overweight rating despite lowering its target to $79. A valuation analysis also suggested KNX may be significantly undervalued if the earnings recovery continues. Knight-Swift may be undervalued
• Neutral Sentiment: JPMorgan raised its target from $68 to $74 but kept a neutral rating, indicating that analysts recognize the recovery potential while remaining cautious about execution and industry conditions. JPMorgan analyst action
• Negative Sentiment: Fourth-quarter adjusted EPS guidance of $0.78–$0.84 has a midpoint of $0.81, slightly below the $0.82 consensus estimate. The guidance may be weighing on the stock because it suggests that the recovery will be gradual rather than immediate. Knight-Swift Q4 guidance

Knight-Swift Transportation Stock Performance

Shares of KNX stock traded down $1.28 during mid-day trading on Friday, reaching $61.23. 4,742,431 shares of the company’s stock traded hands, compared to its average volume of 3,461,346. Knight-Swift Transportation Holdings Inc. has a 12 month low of $41.24 and a 12 month high of $82.86. The firm has a 50 day moving average price of $66.77 and a two-hundred day moving average price of $69.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a market capitalization of $9.97 billion, a PE ratio of 65.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 21st. The transportation company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Knight-Swift Transportation had a return on equity of 4.71% and a net margin of 1.92%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the firm earned $0.32 EPS. Knight-Swift Transportation’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.44 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 4th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 4th. Knight-Swift Transportation’s payout ratio is currently 307.69%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.