Versor Investments LP lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 70.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,116 shares of the transportation company’s stock after selling 16,900 shares during the quarter. Versor Investments LP’s holdings in Knight-Swift Transportation were worth $281,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC raised its position in shares of Knight-Swift Transportation by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company’s stock worth $333,000 after buying an additional 276 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Knight-Swift Transportation by 2.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,081 shares of the transportation company’s stock worth $519,000 after acquiring an additional 343 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Knight-Swift Transportation by 4.5% in the third quarter. Benjamin Edwards Inc. now owns 8,130 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 351 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Knight-Swift Transportation by 21.3% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 379 shares during the period. Finally, CWM LLC increased its stake in shares of Knight-Swift Transportation by 0.9% during the third quarter. CWM LLC now owns 42,000 shares of the transportation company’s stock valued at $1,659,000 after acquiring an additional 391 shares during the period. Institutional investors own 88.77% of the company’s stock.
Knight-Swift Transportation Trading Down 0.6%
Shares of NYSE KNX opened at $59.53 on Friday. 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 Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $62.20. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 145.19, a P/E/G ratio of 0.89 and a beta of 1.15. The business has a fifty day simple moving average of $55.53 and a 200-day simple moving average of $47.71.
Knight-Swift Transportation Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a $0.20 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Knight-Swift Transportation’s payout ratio is currently 175.61%.
Insider Activity
In other Knight-Swift Transportation news, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total transaction of $241,684.92. Following the transaction, the senior vice president directly owned 465 shares in the company, valued at approximately $23,952.15. The trade was a 90.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael K. Liu sold 1,243 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total value of $75,661.41. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 46,852 shares of company stock worth $2,426,770. Company insiders own 3.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Evercore upped their target price on Knight-Swift Transportation from $47.00 to $61.00 and gave the stock an “in-line” rating in a research report on Tuesday, January 13th. Wells Fargo & Company upped their price objective on Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. raised their target price on Knight-Swift Transportation from $49.00 to $61.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Barclays boosted their price target on shares of Knight-Swift Transportation from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Morgan Stanley upped their price target on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.00.
View Our Latest Stock Analysis on KNX
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.
See Also
- Five stocks we like better than Knight-Swift Transportation
- ALERT: Drop these 5 stocks before January 2026!
- Think You Missed Silver? You’re Wrong. Here’s Why.
- Trump Planning to Use Public Law 63-43: Prepare Now
- Buy This Stock Now
- Is Trump Done? Shocking leak…
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.
