Harvey Investment Co. LLC Decreases Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Harvey Investment Co. LLC lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 14.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 216,014 shares of the transportation company’s stock after selling 36,550 shares during the quarter. Knight-Swift Transportation makes up about 0.9% of Harvey Investment Co. LLC’s portfolio, making the stock its 28th biggest holding. Harvey Investment Co. LLC’s holdings in Knight-Swift Transportation were worth $8,535,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Knight-Swift Transportation by 21.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock worth $169,826,000 after purchasing an additional 765,833 shares during the last quarter. AQR Capital Management LLC increased its stake in Knight-Swift Transportation by 36.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company’s stock worth $99,440,000 after buying an additional 601,108 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Knight-Swift Transportation by 72.1% during the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock valued at $95,558,000 after acquiring an additional 904,903 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Knight-Swift Transportation by 17.5% in the second quarter. Ensign Peak Advisors Inc now owns 2,046,820 shares of the transportation company’s stock valued at $90,531,000 after acquiring an additional 305,093 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Knight-Swift Transportation by 3.5% in the second quarter. Frontier Capital Management Co. LLC now owns 1,725,661 shares of the transportation company’s stock worth $76,326,000 after acquiring an additional 57,596 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $52.17 on Monday. The company’s 50-day moving average is $48.16 and its two-hundred day moving average is $45.21. 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. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 59.28, a PEG ratio of 0.69 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results 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 return on equity of 2.98% and a net margin of 1.90%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Analysts Set New Price Targets

KNX has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Knight-Swift Transportation from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Benchmark reiterated a “buy” rating on shares of Knight-Swift Transportation in a research report on Friday, October 24th. Morgan Stanley raised their price target on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Barclays dropped their price objective on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $55.24.

Insider Activity

In related news, CAO Cary M. Flanagan sold 4,300 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $45.04, for a total value of $193,672.00. Following the sale, the chief accounting officer directly owned 5,644 shares in the company, valued at approximately $254,205.76. The trade was a 43.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Kevin P. Knight sold 35,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the completion of the transaction, the chairman directly owned 1,405,347 shares in the company, valued at $71,686,750.47. The trade was a 2.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,992 shares of company stock valued at $2,220,707 in the last quarter. Insiders own 3.00% of the company’s stock.

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.