Primecap Management Co. CA Buys 209,300 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Primecap Management Co. CA grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 32.3% in the 3rd quarter, Holdings Channel reports. The firm owned 858,177 shares of the transportation company’s stock after purchasing an additional 209,300 shares during the period. Primecap Management Co. CA’s holdings in Knight-Swift Transportation were worth $33,907,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC increased its position in shares of Knight-Swift Transportation by 23.3% during the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock valued at $259,000 after buying an additional 1,124 shares during the period. Focus Partners Wealth purchased a new position in shares of Knight-Swift Transportation during the 1st quarter worth approximately $451,000. Focus Partners Advisor Solutions LLC raised its position in shares of Knight-Swift Transportation by 4.5% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 11,201 shares of the transportation company’s stock worth $495,000 after acquiring an additional 481 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at approximately $311,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Knight-Swift Transportation by 11.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 50,957 shares of the transportation company’s stock valued at $2,254,000 after purchasing an additional 5,228 shares during the period. Institutional investors own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup reiterated a “neutral” rating and issued a $64.00 price objective on shares of Knight-Swift Transportation in a report on Friday, February 6th. Benchmark increased their price target on shares of Knight-Swift Transportation from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Stephens dropped their price objective on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Susquehanna raised their target price on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Finally, Evercore raised their price objective on Knight-Swift Transportation from $47.00 to $61.00 and gave the company an “in-line” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Knight-Swift Transportation Trading Up 5.3%

NYSE:KNX opened at $61.84 on Friday. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 150.83, a PEG ratio of 0.87 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average price is $56.93 and its 200-day moving average price is $48.83. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $62.63.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the company posted $0.36 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, March 6th. Knight-Swift Transportation’s payout ratio is 175.61%.

Insiders Place Their Bets

In other news, EVP Michael K. Liu sold 1,243 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total transaction of $75,661.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the transaction, the chairman directly owned 1,305,347 shares of the company’s stock, valued at $79,626,167. The trade was 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 a total of 76,852 shares of company stock valued at $4,256,770 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

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.