462,702 Shares in Knight-Swift Transportation Holdings Inc. $KNX Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired 462,702 shares in Knight-Swift Transportation Holdings Inc. during the 1st quarter, worth approximately $20.1 million, now owning about 0.29% of the company.
• The stock of Knight-Swift Transportation is currently down 2.9% and has a market cap of $6.77 billion with earnings reported at $0.35 per share, slightly above analysts' expectations.
• Recently, Knight-Swift announced a quarterly dividend of $0.18 per share, making the annualized yield approximately 1.7%, with a payout ratio of 70.59%.

Strs Ohio acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 462,702 shares of the transportation company's stock, valued at approximately $20,123,000. Strs Ohio owned approximately 0.29% of Knight-Swift Transportation as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Focus Partners Wealth acquired a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at approximately $451,000. Dean Capital Management raised its holdings in shares of Knight-Swift Transportation by 2.4% during the first quarter. Dean Capital Management now owns 29,499 shares of the transportation company's stock worth $1,283,000 after purchasing an additional 684 shares during the period. Great Lakes Advisors LLC lifted its position in shares of Knight-Swift Transportation by 4.3% in the 1st quarter. Great Lakes Advisors LLC now owns 21,185 shares of the transportation company's stock worth $921,000 after buying an additional 880 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at about $519,000. Finally, Sciencast Management LP bought a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at about $2,258,000. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Down 2.9%

KNX opened at $41.70 on Friday. The stock's 50 day moving average price is $43.85 and its 200 day moving average price is $43.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $6.77 billion, a P/E ratio of 40.88, a P/E/G ratio of 0.64 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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. Shareholders of record on Friday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.7%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 70.59%.

Wall Street Analyst Weigh In

KNX has been the topic of a number of recent research reports. Raymond James Financial raised their target price on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. UBS Group cut Knight-Swift Transportation from a "buy" rating to a "neutral" rating and increased 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 company a "buy" rating in a research report on Wednesday, July 9th. Robert W. Baird upped 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, Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.19.

Insider Buying and Selling

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company's stock.

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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