Wellington Management Group LLP Sells 4,151,067 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Wellington Management Group LLP decreased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 69.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,793,898 shares of the transportation company’s stock after selling 4,151,067 shares during the quarter. Wellington Management Group LLP’s holdings in Knight-Swift Transportation were worth $139,691,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KNX. Fifth Third Wealth Advisors LLC boosted its position in Knight-Swift Transportation by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock valued at $298,000 after buying an additional 222 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Knight-Swift Transportation by 44.4% in the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 267 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 301 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Knight-Swift Transportation by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock worth $2,091,000 after acquiring an additional 306 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Knight-Swift Transportation by 7.9% in the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock worth $222,000 after acquiring an additional 309 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KNX. Benchmark raised their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Citizens Jmp initiated coverage on Knight-Swift Transportation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 target price on the stock. Citigroup restated a “market outperform” rating on shares of Knight-Swift Transportation in a research note on Wednesday, August 26th. Susquehanna lifted their price target 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, TD Cowen upped their price target on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.44.

Insiders Place Their Bets

In other news, Director Ploeg David Vander sold 2,200 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the transaction, the director directly owned 30,252 shares in the company, valued at $1,583,087.16. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Cary M. Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction on Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 224,954 shares of company stock valued at $16,183,454. Company insiders own 2.90% of the company’s stock.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $68.45 on Tuesday. The business’s 50-day simple moving average is $72.73 and its 200 day simple moving average is $67.38. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 263.28, a P/E/G ratio of 0.56 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12-month low of $38.63 and a 12-month high of $82.86. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the business posted $0.21 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 307.69%.

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.