Allspring Global Investments Holdings LLC Increases Stake in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Knight-Swift Transportation by 8.1%, owning approximately 3.6 million shares valued at around $165.7 million.
• Institutional investors control about 88.77% of Knight-Swift Transportation's stock, implying strong interest in the company.
• Several analysts have recently revised their target prices for Knight-Swift Transportation, with estimates now ranging from $43.00 to $60.00.

Allspring Global Investments Holdings LLC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,595,397 shares of the transportation company's stock after buying an additional 268,761 shares during the period. Allspring Global Investments Holdings LLC owned about 2.22% of Knight-Swift Transportation worth $165,712,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KNX. Larson Financial Group LLC increased its stake in shares of 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 valued at $25,000 after buying an additional 563 shares during the period. Brooklyn Investment Group increased its stake in shares of Knight-Swift Transportation by 93.4% during the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after buying an additional 310 shares during the period. UMB Bank n.a. increased its stake in shares of 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 valued at $49,000 after buying an additional 324 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Knight-Swift Transportation during the second quarter valued at $55,000. Finally, IFP Advisors Inc increased its stake in shares of Knight-Swift Transportation by 21.3% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company's stock valued at $96,000 after buying an additional 379 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Insider Activity at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on KNX. Citigroup lifted their target price on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. 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. Weiss Ratings reiterated a "sell (d+)" rating on shares of Knight-Swift Transportation in a research note on Wednesday, October 8th. Wells Fargo & Company cut their target price on Knight-Swift Transportation from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. Finally, Susquehanna lowered Knight-Swift Transportation from a "positive" rating to a "neutral" rating and cut their target price for the company from $52.00 to $43.00 in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.94.

Knight-Swift Transportation Trading Down 5.3%

Knight-Swift Transportation stock opened at $42.41 on Monday. 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 52 week low of $36.69 and a 52 week high of $61.51. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 0.74 and a beta of 1.14. The stock has a 50-day moving average price of $42.23 and a 200 day moving average price of $42.90.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company's 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. Sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

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.

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