2,221,397 Shares in Knight-Swift Transportation Holdings Inc. $KNX Acquired by Manning & Napier Advisors LLC

Key Points

• Manning & Napier Advisors acquired 2.22 million KNX shares valued at approximately $173.7 million, giving it a 1.36% stake and making Knight-Swift its 13th-largest holding. Institutional investors collectively own 88.77% of the company.
• Analyst sentiment is favorable, with a consensus “Moderate Buy” rating and an average price target of $84.44, compared with shares opening at $69.13. Knight-Swift also exceeded quarterly earnings and revenue expectations, reporting $0.63 EPS and $2.10 billion in revenue.
• Company insiders sold 224,954 shares worth approximately $16.2 million over the past 90 days. Knight-Swift declared a quarterly dividend of $0.20 per share, equivalent to an annualized yield of about 1.2%.

Manning & Napier Advisors LLC bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,221,397 shares of the transportation company's stock, valued at approximately $173,669,000. Knight-Swift Transportation makes up about 2.2% of Manning & Napier Advisors LLC's holdings, making the stock its 13th biggest position. Manning & Napier Advisors LLC owned approximately 1.36% of Knight-Swift Transportation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Great Lakes Advisors LLC bought a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth approximately $8,790,000. Handelsbanken Fonder AB grew its holdings in shares of Knight-Swift Transportation by 7.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 48,900 shares of the transportation company's stock valued at $3,808,000 after purchasing an additional 3,300 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of Knight-Swift Transportation during the 2nd quarter valued at $245,000. GAMMA Investing LLC raised its position in Knight-Swift Transportation by 20.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,380 shares of the transportation company's stock worth $341,000 after purchasing an additional 729 shares during the period. Finally, Mader & Shannon Wealth Management Inc. raised its position in Knight-Swift Transportation by 1.7% in the 2nd quarter. Mader & Shannon Wealth Management Inc. now owns 171,537 shares of the transportation company's stock worth $13,358,000 after purchasing an additional 2,818 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Insider Activity at Knight-Swift Transportation

In related news, CEO Reid Dove sold 126,864 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Cary M. Flanagan sold 3,600 shares of the company's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer directly owned 5,405 shares of the company's stock, valued at $382,782.10. The trade was a 39.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 224,954 shares of company stock worth $16,183,454 in the last 90 days. Company insiders own 2.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KNX. Citizens Jmp began coverage on shares of Knight-Swift Transportation in a research note on Wednesday, July 15th. They issued a "market outperform" rating and a $90.00 price target for the company. Wall Street Zen raised Knight-Swift Transportation from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Wells Fargo & Company lifted 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. Morgan Stanley boosted their target price on Knight-Swift Transportation from $70.00 to $100.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Finally, Stephens upgraded Knight-Swift Transportation to a "strong-buy" rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $84.44.

Knight-Swift Transportation Trading Down 3.4%

Shares of KNX opened at $69.13 on Tuesday. The stock has a market capitalization of $11.25 billion, a P/E ratio of 265.90, a PEG ratio of 0.59 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a twelve month low of $38.63 and a twelve 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. The firm has a fifty day simple moving average of $73.35 and a two-hundred day simple moving average of $67.07.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation's payout ratio is currently 307.69%.

Knight-Swift Transportation Company 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.

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