Amundi Decreases Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Amundi has significantly reduced its stake in Knight-Swift Transportation Holdings by 75.1%, dropping from over 235,000 shares to approximately 58,816 shares.
• Despite Amundi's decrease in holdings, other large investors, such as Cerity Partners LLC and Wealth Enhancement Advisory Services LLC, have markedly increased their investments in the company.
• The current consensus rating for Knight-Swift Transportation shares is "Moderate Buy", with analysts setting target prices ranging from $50.00 to $65.00.

Amundi reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 75.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,816 shares of the transportation company's stock after selling 177,064 shares during the quarter. Amundi's holdings in Knight-Swift Transportation were worth $2,327,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position 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 last quarter. Brooklyn Investment Group lifted 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 valued at $28,000 after acquiring an additional 310 shares during the last quarter. UMB Bank n.a. lifted 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 valued at $49,000 after acquiring an additional 324 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Knight-Swift Transportation during the first quarter valued at approximately $111,000. Finally, Neo Ivy Capital Management purchased a new stake in Knight-Swift Transportation during the first quarter valued at approximately $118,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 SEC, which is accessible through this link. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KNX. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their price objective for the company from $45.00 to $65.00 in a report on Monday, June 2nd. Barclays decreased their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Citigroup increased their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Robert W. Baird raised their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $54.19.

Knight-Swift Transportation Stock Performance

NYSE:KNX traded down $0.82 during mid-day trading on Wednesday, hitting $41.74. The company's stock had a trading volume of 3,153,367 shares, compared to its average volume of 2,234,431. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. 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 stock has a market cap of $6.77 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 0.64 and a beta of 1.19. The business's fifty day moving average is $43.55 and its two-hundred day moving average is $43.57.

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, beating 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $0.24 earnings per share. 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. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. 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.