Dynamic Technology Lab Private Ltd Buys Shares of 55,069 Knight-Swift Transportation Holdings Inc. $KNX

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 bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 55,069 shares of the transportation company's stock, valued at approximately $2,395,000.

Several other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. increased its position in shares of Knight-Swift Transportation by 3.3% during the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock worth $355,000 after purchasing an additional 216 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Knight-Swift Transportation by 93.4% during the 1st 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 period. UMB Bank n.a. raised its position in shares of Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after buying an additional 324 shares during the period. Tectonic Advisors LLC increased its holdings in Knight-Swift Transportation by 0.6% in the 1st quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock valued at $2,727,000 after purchasing an additional 403 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of Knight-Swift Transportation by 6.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,371 shares of the transportation company's stock valued at $391,000 after acquiring an additional 459 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Performance

NYSE KNX traded down $0.79 during trading on Friday, reaching $42.16. The company's stock had a trading volume of 864,641 shares, compared to its average volume of 2,811,846. The firm has a 50 day moving average price of $43.96 and a 200 day moving average price of $43.78. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19.

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

Knight-Swift Transportation Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KNX shares. Robert W. Baird lifted their target price on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Citigroup boosted their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Susquehanna boosted their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. Barclays decreased their price target on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Raymond James Financial increased 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 note on Tuesday, July 15th. Two research 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.19.

Knight-Swift Transportation Company Profile

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.