Reid Dove Sells 42,290 Shares of Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) CEO Reid Dove sold 42,290 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $71.49, for a total transaction of $3,023,312.10. Following the completion of the sale, the chief executive officer owned 126,864 shares in the company, valued at $9,069,507.36. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Reid Dove also recently made the following trade(s):

• On Thursday, August 13th, Reid Dove sold 126,864 shares of Knight-Swift Transportation stock. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32.
• On Friday, July 31st, Reid Dove sold 50,000 shares of Knight-Swift Transportation stock. The stock was sold at an average price of $70.25, for a total transaction of $3,512,500.00.

Knight-Swift Transportation Price Performance

NYSE:KNX traded down $0.59 during trading hours on Friday, hitting $72.71. 590,505 shares of the company’s stock traded hands, compared to its average volume of 3,739,153. The firm has a market cap of $11.83 billion, a P/E ratio of 279.65, a P/E/G ratio of 0.59 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 52 week low of $38.63 and a 52 week high of $82.86. The business’s fifty day simple moving average is $74.67 and its two-hundred day simple moving average is $66.37. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate 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 revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock valued at $675,380,000 after buying an additional 2,468,293 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Knight-Swift Transportation by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock worth $486,995,000 after buying an additional 60,750 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after buying an additional 984,422 shares in the last quarter. UBS Group AG boosted its stake in 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in Knight-Swift Transportation by 513.6% in the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock worth $126,354,000 after buying an additional 2,022,996 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Barclays lifted their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Stifel Nicolaus increased their price target on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citizens Jmp assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price target on the stock. Finally, Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $84.44.

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.