Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by MAI Capital Management

MAI Capital Management trimmed its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 55.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,547 shares of the transportation company’s stock after selling 3,131 shares during the quarter. MAI Capital Management’s holdings in Knight-Swift Transportation were worth $113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in Knight-Swift Transportation in the 2nd quarter valued at about $55,000. UMB Bank n.a. lifted its position in Knight-Swift Transportation by 43.3% in the second quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock valued at $72,000 after buying an additional 491 shares during the last quarter. IFP Advisors Inc boosted its stake in Knight-Swift Transportation by 21.3% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock worth $96,000 after buying an additional 379 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Knight-Swift Transportation during the first quarter valued at about $111,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KNX. Barclays decreased their price objective on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Susquehanna decreased their price target on Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $53.00 in a research note on Thursday, October 2nd. TD Cowen increased their target price on Knight-Swift Transportation from $44.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Citigroup lowered their target price on Knight-Swift Transportation from $54.00 to $53.00 and set a “buy” rating for the company in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.29.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $45.80 on Friday. The firm has a market capitalization of $7.44 billion, a P/E ratio of 52.05, a P/E/G ratio of 0.89 and a beta of 1.14. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The stock’s fifty day simple moving average is $43.59 and its 200-day simple moving average is $43.84.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th. Knight-Swift Transportation’s dividend payout ratio is presently 81.82%.

Insider Activity at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of Knight-Swift Transportation stock in a transaction on Friday, November 7th. The stock was sold at an average price of $45.04, for a total transaction of $193,672.00. Following the sale, the chief accounting officer directly owned 5,644 shares of the company’s stock, valued at approximately $254,205.76. This trade represents a 43.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation 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.