111 Capital Sells 6,942 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• 111 Capital diminished its stake in Knight-Swift Transportation by 29.8%, selling 6,942 shares and now holding 16,356 shares valued at approximately $723,000.
• Knight-Swift Transportation announced a quarterly dividend of $0.18, yielding 1.7% annually, with a dividend payout ratio of 70.59%.
• The stock has a market cap of $6.73 billion and trading at $41.44, with analysts giving it a consensus rating of "Moderate Buy."

111 Capital cut its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,356 shares of the transportation company's stock after selling 6,942 shares during the period. 111 Capital's holdings in Knight-Swift Transportation were worth $723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Knight-Swift Transportation in the 4th quarter valued at $240,000. GAMMA Investing LLC lifted its holdings in shares of Knight-Swift Transportation by 3,369.4% during the first quarter. GAMMA Investing LLC now owns 46,317 shares of the transportation company's stock worth $2,014,000 after buying an additional 44,982 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Knight-Swift Transportation in the first quarter valued at about $791,000. UMB Bank n.a. boosted its position in shares of Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after acquiring an additional 324 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Knight-Swift Transportation by 2.7% during the first quarter. Wedge Capital Management L L P NC now owns 216,125 shares of the transportation company's stock worth $9,399,000 after acquiring an additional 5,729 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Buying and Selling at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Trading Up 3.9%

Shares of KNX stock opened at $41.44 on Friday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The stock's fifty day moving average price is $42.13 and its two-hundred day moving average price is $42.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $6.73 billion, a PE ratio of 40.63, a P/E/G ratio of 0.69 and a beta of 1.14.

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

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 70.59%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Stifel Nicolaus raised shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating and cut their price objective for the company from $47.00 to $45.00 in a report on Friday. Evercore ISI cut their price target on Knight-Swift Transportation from $47.00 to $42.00 and set an "in-line" rating for the company in a research note on Tuesday, September 30th. Weiss Ratings reissued a "sell (d+)" rating on shares of Knight-Swift Transportation in a research report on Saturday, September 27th. Susquehanna cut Knight-Swift Transportation from a "positive" rating to a "neutral" rating and dropped their price objective for the company from $52.00 to $43.00 in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a "hold" rating to a "buy" rating and upped their target price for the company from $43.00 to $53.00 in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.47.

About Knight-Swift Transportation

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.

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