Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 81.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,983 shares of the transportation company’s stock after selling 69,844 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Knight-Swift Transportation were worth $631,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 21.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock worth $169,826,000 after acquiring an additional 765,833 shares in the last quarter. AQR Capital Management LLC grew its holdings in Knight-Swift Transportation by 36.5% in the second quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company’s stock valued at $99,440,000 after purchasing an additional 601,108 shares during the period. Bank of New York Mellon Corp grew its holdings in Knight-Swift Transportation by 72.1% in the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock valued at $95,558,000 after purchasing an additional 904,903 shares during the period. Ensign Peak Advisors Inc increased its position in shares of Knight-Swift Transportation by 17.5% in the second quarter. Ensign Peak Advisors Inc now owns 2,046,820 shares of the transportation company’s stock valued at $90,531,000 after buying an additional 305,093 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Knight-Swift Transportation by 3.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,725,661 shares of the transportation company’s stock worth $76,326,000 after buying an additional 57,596 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KNX shares. TD Cowen lifted their price target on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Susquehanna lifted their target price on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Weiss Ratings lowered shares of Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Finally, Stephens cut their price objective on Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Activity at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 30,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the completion of the transaction, the chairman directly owned 1,305,347 shares in the company, valued at $79,626,167. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James L. Fitzsimmons sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $54.77, for a total value of $324,074.09. Following the transaction, the chief operating officer owned 8,716 shares of the company’s stock, valued at $477,375.32. This trade represents a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 76,852 shares of company stock worth $4,256,770 over the last quarter. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $61.84 on Friday. The company has a market capitalization of $10.04 billion, a P/E ratio of 150.83, a P/E/G ratio of 0.87 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $62.63. The stock’s fifty day moving average is $56.93 and its two-hundred day moving average is $48.83.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) 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 company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. Equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently disclosed 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.18. Knight-Swift Transportation’s dividend payout ratio is 175.61%.

Knight-Swift Transportation 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.