Reid Dove Sells 126,864 Shares of Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) CEO Reid Dove sold 126,864 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, August 12th, Reid Dove sold 42,290 shares of Knight-Swift Transportation stock. The stock was sold at an average price of $71.49, for a total transaction of $3,023,312.10.
• On Friday, July 31st, Reid Dove sold 50,000 shares of Knight-Swift Transportation stock. The shares were sold at an average price of $70.25, for a total transaction of $3,512,500.00.

Knight-Swift Transportation Trading Down 0.8%

Shares of KNX stock traded down $0.59 during trading on Friday, hitting $72.71. 590,505 shares of the stock traded hands, compared to its average volume of 3,739,153. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The firm has a market capitalization of $11.83 billion, a P/E ratio of 279.31, a price-to-earnings-growth ratio of 0.59 and a beta of 1.18. The firm’s fifty day moving average price is $74.67 and its 200-day moving average price is $66.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared 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 is Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Analyst Ratings Changes

Several analysts recently issued reports on KNX shares. Weiss Ratings restated a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Monday, July 13th. Wells Fargo & Company increased their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Bank of America lifted their price target on shares of Knight-Swift Transportation from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research lowered shares of Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.44.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 301 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Knight-Swift Transportation by 134.6% during the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after purchasing an additional 385 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after purchasing an additional 828 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $39,000. Finally, Fifth Third Bancorp boosted its stake in shares of Knight-Swift Transportation by 44.4% in the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.