1,343,149 Shares in Knight-Swift Transportation Holdings Inc. $KNX Acquired by Norges Bank

Norges Bank bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,343,149 shares of the transportation company’s stock, valued at approximately $59,407,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Knight-Swift Transportation by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company’s stock valued at $649,560,000 after purchasing an additional 515,212 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Knight-Swift Transportation by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company’s stock valued at $331,813,000 after buying an additional 638,352 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Knight-Swift Transportation by 8.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,595,397 shares of the transportation company’s stock valued at $165,712,000 after buying an additional 268,761 shares during the period. Bank of New York Mellon Corp lifted its position in Knight-Swift Transportation by 72.1% in the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock valued at $95,558,000 after buying an additional 904,903 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Knight-Swift Transportation by 17.5% during the second quarter. Ensign Peak Advisors Inc now owns 2,046,820 shares of the transportation company’s stock worth $90,531,000 after buying an additional 305,093 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Activity

In other news, CAO Cary M. Flanagan sold 4,300 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $45.04, for a total transaction of $193,672.00. Following the completion of the transaction, the chief accounting officer directly owned 5,644 shares of the company’s stock, valued at approximately $254,205.76. The trade was a 43.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Reed Stultz sold 4,692 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the sale, the senior vice president owned 465 shares in the company, valued at $23,952.15. The trade was a 90.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $51.28 on Friday. The firm has a 50 day moving average of $44.63 and a two-hundred day moving average of $43.98. The stock has a market capitalization of $8.32 billion, a PE ratio of 58.27, a P/E/G ratio of 1.03 and a beta of 1.17. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 81.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Knight-Swift Transportation from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. TD Cowen lifted their target price on shares of Knight-Swift Transportation from $44.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. UBS Group cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $46.00 to $51.00 in a research note on Friday, September 5th. Raymond James Financial raised their price target on Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, Barclays dropped their price objective on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.29.

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.