Tidal Investments LLC Sells 7,445 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Tidal Investments LLC trimmed its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,308 shares of the transportation company’s stock after selling 7,445 shares during the period. Tidal Investments LLC’s holdings in Knight-Swift Transportation were worth $9,913,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. MCF Advisors LLC increased its stake in Knight-Swift Transportation by 55.8% in the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock worth $53,000 after purchasing an additional 242 shares during the period. Engineers Gate Manager LP lifted its position in shares of Knight-Swift Transportation by 54.3% in the 2nd quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock worth $13,646,000 after purchasing an additional 61,706 shares during the period. Cidel Asset Management Inc. bought a new stake in Knight-Swift Transportation during the 2nd quarter valued at approximately $208,000. NewEdge Advisors LLC boosted its position in shares of Knight-Swift Transportation by 245.5% during the second quarter. NewEdge Advisors LLC now owns 12,875 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 9,149 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Knight-Swift Transportation by 50.5% in the 2nd quarter. IFP Advisors Inc now owns 3,065 shares of the transportation company’s stock worth $239,000 after buying an additional 1,029 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KNX. The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Raymond James Financial lifted their price target on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Monday, July 13th. Sanford C. Bernstein started coverage on shares of Knight-Swift Transportation in a report on Thursday. They set an “outperform” rating and a $91.00 target price for the company. Finally, Wall Street Zen cut Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus price target of $84.26.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $67.75 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $11.03 billion, a P/E ratio of 260.59, a P/E/G ratio of 0.57 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 firm’s fifty day moving average is $71.45 and its two-hundred day moving average is $67.92.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Insider Activity

In other news, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reid Dove sold 126,864 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The disclosure for this sale is available in the SEC filing. Insiders sold 224,954 shares of company stock valued at $16,183,454 in the last ninety days. Insiders own 2.90% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.