Hudson Bay Capital Management LP Cuts Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

Hudson Bay Capital Management LP cut its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 31.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 295,965 shares of the transportation company’s stock after selling 134,640 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Knight-Swift Transportation were worth $11,694,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KNX. Caitong International Asset Management Co. Ltd grew its position in shares of Knight-Swift Transportation by 1,478.6% in the 3rd 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 last quarter. SJS Investment Consulting Inc. raised its stake in shares of Knight-Swift Transportation by 7,100.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after acquiring an additional 923 shares in the last quarter. Versant Capital Management Inc lifted its position in Knight-Swift Transportation by 111.3% during the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 493 shares during the last quarter. MMA Asset Management LLC purchased a new stake in Knight-Swift Transportation during the third quarter valued at approximately $41,000. Finally, Employees Retirement System of Texas acquired a new stake in Knight-Swift Transportation in the second quarter valued at approximately $58,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO James L. Fitzsimmons sold 5,917 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total value of $324,074.09. Following the completion of the transaction, the chief operating officer owned 8,716 shares in the company, valued at $477,375.32. The trade was a 40.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.00, for a total value of $1,830,000.00. Following the completion of 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 42,930 shares of company stock worth $2,581,186 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Susquehanna lifted their price target on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, January 22nd. Wells Fargo & Company set a $64.00 price objective on Knight-Swift Transportation in a report on Friday, March 13th. Evercore boosted their target price on Knight-Swift Transportation from $47.00 to $61.00 and gave the stock an “in-line” rating in a research note on Tuesday, January 13th. Stephens reduced their target price on Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Finally, TD Cowen increased their price target on Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average target price of $61.44.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $53.37 on Friday. The firm has a market capitalization of $8.67 billion, a P/E ratio of 130.17, a PEG ratio of 0.80 and a beta of 1.12. The stock has a 50-day simple moving average of $57.95 and a two-hundred day simple moving average of $50.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $64.10.

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

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid a $0.20 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.18. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 195.12%.

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.