Public Employees Retirement System of Ohio Purchases New Shares in Knight-Swift Transportation Holdings Inc. $KNX

Public Employees Retirement System of Ohio acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,944 shares of the transportation company’s stock, valued at approximately $3,811,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares during the last quarter. Clearstead Advisors LLC grew its stake 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 valued at $35,000 after purchasing an additional 385 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 828 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $39,000. Finally, Fifth Third Bancorp raised its position in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on KNX shares. Susquehanna increased their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. Wall Street Zen lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. The Goldman Sachs Group raised their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley set a $90.00 price objective on Knight-Swift Transportation in a research report on Wednesday. Two 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.89.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director David Vander Ploeg sold 2,200 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the sale, the director directly owned 30,252 shares in the company, valued at $1,583,087.16. This trade represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 224,954 shares of company stock valued at $16,183,454. 2.90% of the stock is currently owned by company insiders.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $69.52 on Friday. The firm’s 50 day moving average price is $72.29 and its two-hundred day moving average price is $67.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The stock has a market cap of $11.32 billion, a PE ratio of 267.39, a PEG ratio of 0.56 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

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.