55,069 Shares in Knight-Swift Transportation Holdings Inc. $KNX Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 55,069 shares of Knight-Swift Transportation Holdings Inc. worth about $2.4 million during Q1, contributing to over 88% institutional ownership of the stock.
• Wells Fargo and Raymond James have boosted their target prices for Knight-Swift shares, with Wells Fargo now set at $50.00 and Raymond James at $55.00, indicating strong analyst support for the stock.
• Knight-Swift recently declared a quarterly dividend of $0.18 per share, reflecting a 1.7% yield and a payout ratio of approximately 70.59%.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 55,069 shares of the transportation company's stock, valued at approximately $2,395,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after purchasing an additional 563 shares during the last quarter. Brooklyn Investment Group increased its position in Knight-Swift Transportation by 93.4% during the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after purchasing an additional 310 shares during the last quarter. UMB Bank n.a. increased its position in Knight-Swift Transportation by 40.0% during the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Knight-Swift Transportation during the first quarter worth about $111,000. Finally, Neo Ivy Capital Management acquired a new stake in Knight-Swift Transportation during the first quarter worth about $118,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Raymond James Financial upped their target price on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. upped their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Susquehanna upped their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research report on Tuesday, June 24th. Finally, UBS Group cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and upped their target price for the company from $46.00 to $51.00 in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $54.19.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

KNX stock opened at $43.13 on Friday. 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 firm has a market capitalization of $7.00 billion, a P/E ratio of 42.28, a P/E/G ratio of 0.65 and a beta of 1.19. The business's 50-day moving average is $44.25 and its two-hundred day moving average is $43.99. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed 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. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio is currently 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.

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