Knight-Swift Transportation Holdings Inc. $KNX Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Knight-Swift Transportation Holdings by 75.9%, owning 252,391 shares valued at approximately $10.98 million as of its latest SEC filing.
• A variety of large investors significantly boosted their positions in Knight-Swift during the first quarter, with Cerity Partners LLC leading with a 611.7% increase.
• Knight-Swift announced a quarterly dividend of $0.18 per share, which will be paid on September 22nd, reflecting a 1.7% dividend yield.

Adage Capital Partners GP L.L.C. grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 75.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 252,391 shares of the transportation company's stock after acquiring an additional 108,895 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.16% of Knight-Swift Transportation worth $10,976,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in KNX. Interval Partners LP raised its stake in shares of Knight-Swift Transportation by 320.7% in the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock valued at $93,076,000 after acquiring an additional 1,337,727 shares during the period. SG Americas Securities LLC raised 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 valued at $48,003,000 after acquiring an additional 1,101,744 shares during the period. Cubist Systematic Strategies LLC raised its stake 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 valued at $40,133,000 after acquiring an additional 923,705 shares during the period. Junto Capital Management LP purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at approximately $34,355,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Knight-Swift Transportation by 9.1% in 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 acquiring an additional 638,352 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Down 2.9%

NYSE KNX traded down $1.25 on Friday, hitting $41.70. 1,792,455 shares of the stock were exchanged, compared to its average volume of 2,191,356. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. 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 market cap of $6.77 billion, a PE ratio of 40.88, a PEG ratio of 0.64 and a beta of 1.19. The company has a 50-day moving average price of $43.85 and a 200-day moving average price of $43.73.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The firm's revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a $0.18 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. Knight-Swift Transportation's dividend payout ratio is presently 70.59%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KNX shares. Barclays cut their target price on shares of 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. Wells Fargo & Company upped their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Citigroup upped their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Raymond James Financial upped 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 research note on Tuesday, July 15th. Finally, Robert W. Baird upped their target price on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. 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 stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and an average target price of $54.19.

Knight-Swift Transportation 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.