Strs Ohio Buys Shares of 462,702 Knight-Swift Transportation Holdings Inc. $KNX

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 purchased 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 disclosure with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KNX. AQR Capital Management LLC increased its holdings in Knight-Swift Transportation by 8,856.8% in the 1st quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock valued at $70,704,000 after acquiring an additional 1,628,760 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Knight-Swift Transportation by 54,434.0% in the 1st quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock worth $48,003,000 after buying an additional 1,101,744 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Knight-Swift Transportation by 102,633.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 922,805 shares of the transportation company's stock worth $40,133,000 after buying an additional 923,705 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Knight-Swift Transportation by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock valued at $331,813,000 after buying an additional 638,352 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Knight-Swift Transportation by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock valued at $649,560,000 after acquiring an additional 515,212 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm's 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 filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KNX shares. 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. Barclays cut their target price 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. UBS Group lowered Knight-Swift Transportation from a "buy" rating to a "neutral" rating and raised their price target for the stock from $46.00 to $51.00 in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Susquehanna increased their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.19.

Knight-Swift Transportation Stock Performance

NYSE KNX traded down $0.14 on Thursday, reaching $41.58. 1,160,733 shares of the company's stock traded hands, compared to its average volume of 2,806,388. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. 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 firm has a market cap of $6.75 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 0.64 and a beta of 1.19. The stock has a 50 day moving average price of $43.55 and a 200-day moving average price of $43.57.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business 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%.The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.7%. Knight-Swift Transportation's payout ratio is 70.59%.

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.