IFP Advisors Inc Has $96,000 Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

IFP Advisors Inc lifted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,162 shares of the transportation company’s stock after purchasing an additional 379 shares during the quarter. IFP Advisors Inc’s holdings in Knight-Swift Transportation were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of KNX. Wealth Enhancement Advisory Services LLC boosted its position in shares of Knight-Swift Transportation by 668.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company’s stock valued at $1,511,000 after purchasing an additional 30,219 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Knight-Swift Transportation by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company’s stock valued at $824,000 after purchasing an additional 510 shares during the period. Econ Financial Services Corp acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at $1,707,000. Lecap Asset Management Ltd. acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at $3,969,000. Finally, Adams Diversified Equity Fund Inc. acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at $10,498,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KNX. JPMorgan Chase & Co. decreased their price target on Knight-Swift Transportation from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Stifel Nicolaus upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and decreased their price target for the company from $47.00 to $45.00 in a research report on Friday, October 3rd. Raymond James Financial raised their price objective 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. Barclays decreased their price objective on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Finally, Bank of America upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $41.00 to $50.00 in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.65.

Knight-Swift Transportation Trading Up 0.1%

Shares of NYSE KNX opened at $47.07 on Monday. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The firm has a market capitalization of $7.64 billion, a PE ratio of 46.15, a PEG ratio of 0.81 and a beta of 1.14. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $42.54 and a two-hundred day moving average price of $42.96.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation’s payout ratio is currently 70.59%.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction dated 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 available through this link. 3.00% of the stock is currently owned by corporate insiders.

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.