PharVision Advisers LLC Purchases New Stake in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• PharVision Advisers LLC purchased 10,187 shares of Knight-Swift Transportation Holdings Inc. for approximately $443,000, making it the firm's 22nd largest holding.
• Several institutional investors significantly increased their stakes in Knight-Swift Transportation, with Larsen Financial Group LLC boosting its holdings by 9,383.3% in the first quarter.
• Knight-Swift Transportation announced a quarterly dividend of $0.18 per share, resulting in an annualized yield of 1.7%, with a payout ratio of 70.59%.

PharVision Advisers LLC purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,187 shares of the transportation company's stock, valued at approximately $443,000. Knight-Swift Transportation accounts for about 0.6% of PharVision Advisers LLC's portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently added to or reduced their stakes in KNX. Larson Financial Group LLC boosted its position in Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group boosted its position in Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after acquiring an additional 310 shares during the period. UMB Bank n.a. boosted its position in Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after acquiring an additional 324 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Knight-Swift Transportation during the 1st quarter worth $111,000. Finally, Neo Ivy Capital Management acquired a new position in Knight-Swift Transportation during the 1st quarter worth $118,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Analysts Set New Price Targets

KNX has been the subject of a number of analyst reports. UBS Group lowered Knight-Swift Transportation from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $46.00 to $51.00 in a research report on Friday, September 5th. Citigroup boosted their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Barclays dropped their price objective on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Robert W. Baird boosted their price objective on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $65.00 in a research note on Monday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.19.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation Trading Up 2.4%

Shares of Knight-Swift Transportation stock traded up $1.01 on Thursday, reaching $42.66. 842,121 shares of the company were exchanged, compared to its average volume of 2,815,617. The stock has a fifty day moving average price of $44.05 and a 200-day moving average price of $43.84. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 41.81, a price-to-earnings-growth ratio of 0.64 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.Knight-Swift Transportation's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Knight-Swift Transportation's payout ratio is 70.59%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.