Peregrine Capital Management LLC Sells 2,909 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Peregrine Capital Management LLC reduced its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,339 shares of the transportation company’s stock after selling 2,909 shares during the period. Peregrine Capital Management LLC owned about 0.11% of Knight-Swift Transportation worth $8,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its position in Knight-Swift Transportation by 611.7% during the first quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company’s stock valued at $1,482,000 after acquiring an additional 29,286 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Knight-Swift Transportation by 6.3% in the first quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company’s stock worth $4,824,000 after purchasing an additional 6,592 shares during the last quarter. Washington Capital Management Inc. bought a new position in shares of Knight-Swift Transportation in the second quarter worth approximately $464,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Knight-Swift Transportation by 668.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company’s stock worth $1,511,000 after purchasing an additional 30,219 shares during the last quarter. Finally, Two Point Capital Management Inc. bought a new position in shares of Knight-Swift Transportation in the second quarter worth approximately $5,398,000. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $45.10 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $7.32 billion, a P/E ratio of 51.25, a P/E/G ratio of 0.90 and a beta of 1.14. The business has a fifty day simple moving average of $42.97 and a two-hundred day simple moving average of $43.20. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.6%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 81.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $41.00 to $50.00 in a report on Thursday, October 16th. Benchmark restated a “buy” rating on shares of Knight-Swift Transportation in a report on Friday. Zacks Research cut shares of Knight-Swift Transportation from a “hold” rating to a “strong sell” rating in a report on Friday, October 3rd. Susquehanna cut their target price on shares of Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Finally, Raymond James Financial raised their target price on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $53.29.

Insider Buying and Selling

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.