EverSource Wealth Advisors LLC Boosts Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

EverSource Wealth Advisors LLC raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 20.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,170 shares of the transportation company’s stock after acquiring an additional 8,817 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Knight-Swift Transportation were worth $2,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KNX. Blue Trust Inc. increased its stake in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after buying an additional 301 shares during the period. Clearstead Advisors LLC grew its stake in Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Knight-Swift Transportation in the 4th quarter worth about $39,000. Fifth Third Bancorp increased its position in shares of Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after acquiring an additional 267 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after acquiring an additional 828 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $71.17 on Thursday. The company has a market capitalization of $11.56 billion, a PE ratio of 273.74, a P/E/G ratio of 0.60 and a beta of 1.18. The company has a 50-day simple moving average of $75.66 and a two-hundred day simple moving average of $65.36. Knight-Swift Transportation Holdings Inc. has a one year low of $38.63 and a one year high of $82.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.70 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Citizens Jmp initiated coverage on Knight-Swift Transportation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Susquehanna lifted their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Finally, Zacks Research raised shares of Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $84.44.

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.