ING Groep NV Grows Position in Knight-Swift Transportation Holdings Inc. $KNX

ING Groep NV grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 161.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,200 shares of the transportation company’s stock after purchasing an additional 42,700 shares during the period. ING Groep NV’s holdings in Knight-Swift Transportation were worth $2,734,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers lifted its stake in shares of Knight-Swift Transportation by 0.7% in the third quarter. Rhumbline Advisers now owns 440,123 shares of the transportation company’s stock valued at $17,389,000 after purchasing an additional 2,917 shares during the period. MQS Management LLC purchased a new position in Knight-Swift Transportation in the third quarter valued at about $358,000. Linden Thomas Advisory Services LLC lifted its position in shares of Knight-Swift Transportation by 3.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 37,117 shares of the transportation company’s stock valued at $1,466,000 after acquiring an additional 1,206 shares during the period. MMA Asset Management LLC purchased a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $41,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Knight-Swift Transportation by 7.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 98,276 shares of the transportation company’s stock worth $3,883,000 after acquiring an additional 6,828 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Down 0.6%

KNX opened at $59.53 on Friday. The firm has a market cap of $9.66 billion, a P/E ratio of 145.19, a PEG ratio of 0.89 and a beta of 1.15. The business’s fifty day simple moving average is $55.53 and its 200 day simple moving average is $47.71. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $62.20. The company has a quick ratio of 1.33, a current ratio of 0.86 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the firm posted $0.36 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, March 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 175.61%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KNX. Evercore raised their price objective on Knight-Swift Transportation from $47.00 to $61.00 and gave the company an “in-line” rating in a research note on Tuesday, January 13th. Benchmark upped their target price on Knight-Swift Transportation from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Barclays increased their price objective on shares of Knight-Swift Transportation from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity

In other news, EVP Michael K. Liu sold 1,243 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total transaction of $75,661.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total value of $241,684.92. Following the completion of the sale, the senior vice president directly owned 465 shares of the company’s stock, valued at approximately $23,952.15. This represents a 90.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,852 shares of company stock valued at $2,426,770 over the last quarter. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Company Profile

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.