Ceredex Value Advisors LLC Acquires 425,940 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Ceredex Value Advisors LLC increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 87.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 911,921 shares of the transportation company’s stock after acquiring an additional 425,940 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Knight-Swift Transportation were worth $36,030,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Knight-Swift Transportation in the second quarter worth approximately $59,407,000. Clean Energy Transition LLP purchased a new position in Knight-Swift Transportation in the second quarter valued at about $51,817,000. Allspring Global Investments Holdings LLC raised its holdings in Knight-Swift Transportation by 21.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock worth $169,826,000 after purchasing an additional 765,833 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Knight-Swift Transportation by 36.5% during 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 buying an additional 601,108 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Knight-Swift Transportation by 1,741.9% during the second quarter. Balyasny Asset Management L.P. now owns 603,648 shares of the transportation company’s stock valued at $26,699,000 after buying an additional 570,874 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on KNX. Wells Fargo & Company increased their target price on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Morgan Stanley increased their price objective on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Barclays boosted their target price on Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. TD Cowen increased their price target on Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, JPMorgan Chase & Co. raised their price target on Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.56.

Knight-Swift Transportation Trading Up 1.7%

NYSE:KNX opened at $57.83 on Tuesday. The company has a market capitalization of $9.39 billion, a P/E ratio of 141.04, a PEG ratio of 0.84 and a beta of 1.11. The company has a current ratio of 0.86, a quick 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 $64.10. The firm has a fifty day simple moving average of $57.98 and a 200-day simple moving average of $49.81.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results 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). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.90 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. Knight-Swift Transportation’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a $0.20 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. Knight-Swift Transportation’s dividend payout ratio is currently 195.12%.

Insider Transactions at Knight-Swift Transportation

In related news, COO James L. Fitzsimmons sold 5,917 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total value of $324,074.09. Following the sale, the chief operating officer owned 8,716 shares in the company, valued at $477,375.32. This represents a 40.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of the stock in a transaction that occurred 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 owned 1,305,347 shares in the company, valued at approximately $79,626,167. This trade represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 42,930 shares of company stock valued at $2,581,186. 3.00% of the stock is owned by company insiders.

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.