Knight-Swift Transportation (NYSE:KNX) Director Ploeg David Vander Sells 2,200 Shares of Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Ploeg David Vander sold 2,200 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,583,087.16. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Knight-Swift Transportation Trading Up 2.8%

NYSE KNX traded up $2.00 on Thursday, hitting $73.31. 2,627,763 shares of the stock were exchanged, compared to its average volume of 4,162,995. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The firm has a market capitalization of $11.93 billion, a P/E ratio of 281.99, a P/E/G ratio of 0.59 and a beta of 1.18. The stock has a fifty day moving average price of $74.67 and a two-hundred day moving average price of $66.37.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.80 annualized dividend and a yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 307.69%.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KNX. Strs Ohio boosted its stake in Knight-Swift Transportation by 24.7% in the 4th quarter. Strs Ohio now owns 448,471 shares of the transportation company’s stock worth $23,446,000 after purchasing an additional 88,707 shares in the last quarter. UBS Group AG raised its holdings in shares of Knight-Swift Transportation by 44.3% in the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock worth $127,087,000 after buying an additional 745,787 shares during the last quarter. Comerica Bank lifted its stake in shares of Knight-Swift Transportation by 68.7% during the fourth quarter. Comerica Bank now owns 130,638 shares of the transportation company’s stock worth $6,830,000 after buying an additional 53,183 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $6,551,000. Finally, Pzena Investment Management LLC purchased a new position in Knight-Swift Transportation in the 4th quarter worth $66,151,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird upped their target price on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Susquehanna boosted their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. Bank of America increased their target price on Knight-Swift Transportation from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group lifted their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.44.

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.