State of Wyoming Purchases New Shares in Knight-Swift Transportation Holdings Inc. $KNX

State of Wyoming acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,499 shares of the transportation company’s stock, valued at approximately $432,000.

Several other large investors also recently made changes to their positions in KNX. Integrated Wealth Concepts LLC lifted its position in Knight-Swift Transportation by 23.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after buying an additional 1,124 shares in the last quarter. Focus Partners Wealth acquired a new stake in Knight-Swift Transportation in the 1st quarter valued at about $451,000. Cetera Investment Advisers raised its stake in shares of Knight-Swift Transportation by 6.9% in the second quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after acquiring an additional 882 shares during the last quarter. Invesco Ltd. raised its stake in shares of Knight-Swift Transportation by 57.7% in the second quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock worth $48,110,000 after acquiring an additional 398,116 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Knight-Swift Transportation by 54.3% during the second quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock worth $21,748,000 after purchasing an additional 172,956 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

KNX has been the subject of a number of recent research reports. Barclays boosted their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. JPMorgan Chase & Co. boosted their price objective on Knight-Swift Transportation from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday. Susquehanna raised their target price on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Benchmark raised their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Buy” and a consensus price target of $84.44.

Key Stories Impacting Knight-Swift Transportation

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

• Positive Sentiment: KNX beat Q2 estimates, reporting $0.63 EPS versus $0.49-$0.51 expected, with revenue of $2.10 billion topping forecasts of about $2.05 billion. Article: Knight-Swift Transportation Holdings (KNX) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Margins improved as truckload pricing, network efficiency and intermodal growth helped drive profitability, with truckload EBIT and EPS showing sharp year-over-year gains. Article: Knight-Swift Q2 Earnings Beat Estimates on Truckload Margin Gains
• Positive Sentiment: Several firms raised price targets after the report, including Bank of America, Stifel, Susquehanna, TD Cowen and JPMorgan, signaling improved sentiment toward KNX. Article: Analyst price target updates
• Positive Sentiment: KNX was also added to Zacks’ Rank #1 “Strong Buy” growth list, which may support investor confidence in the stock. Article: Best Growth Stocks to Buy for July 24th
• Neutral Sentiment: Market commentary notes the stock is falling today after the earnings release, likely reflecting a “buy the rumor, sell the news” reaction or investor concern about whether the strong quarter can be sustained. Article: Why Knight-Swift Transportation (KNX) stock is falling today

Knight-Swift Transportation Stock Performance

KNX stock opened at $72.40 on Friday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $38.63 and a twelve month high of $82.86. The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market cap of $11.76 billion, a P/E ratio of 278.48, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The business’s fifty day moving average is $75.60 and its 200-day moving average is $64.97.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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%.The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s payout ratio is presently 307.69%.

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.