Amundi Sells 265,268 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Amundi cut its Knight-Swift Transportation position by 96% in the first quarter, selling 265,268 shares and retaining 10,965 shares valued at approximately $631,000.
• Other major institutional investors increased their holdings, and hedge funds and institutional investors collectively own 88.77% of KNX.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $84.44; the company also exceeded quarterly earnings and revenue estimates.

Amundi lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 96.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,965 shares of the transportation company's stock after selling 265,268 shares during the quarter. Amundi's holdings in Knight-Swift Transportation were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP grew its holdings in shares of Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company's stock valued at $675,380,000 after purchasing an additional 2,468,293 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Knight-Swift Transportation by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company's stock worth $486,995,000 after buying an additional 60,750 shares during the period. Ensign Peak Advisors Inc increased its holdings in shares of Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company's stock worth $153,662,000 after buying an additional 984,422 shares during the period. UBS Group AG lifted its stake in shares of Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company's stock valued at $127,087,000 after acquiring an additional 745,787 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Knight-Swift Transportation by 513.6% during the 4th quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company's stock valued at $126,354,000 after acquiring an additional 2,022,996 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Robert W. Baird lifted their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Stephens raised Knight-Swift Transportation to a "strong-buy" rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $77.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Bank of America raised their target price on shares of Knight-Swift Transportation from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Knight-Swift Transportation from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus price target of $84.44.

Knight-Swift Transportation Trading Down 2.0%

KNX opened at $68.64 on Tuesday. The business has a 50 day simple moving average of $75.10 and a two-hundred day simple moving average of $66.10. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 264.01, a PEG ratio of 0.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a one year low of $38.63 and a one year high of $82.86.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th. Knight-Swift Transportation's payout ratio is presently 307.69%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Reid Dove sold 50,000 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.25, for a total value of $3,512,500.00. Following the completion of the sale, the director directly owned 169,154 shares in the company, valued at $11,883,068.50. This trade represents a 22.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Cary M. Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares in the company, valued at approximately $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.90% of the stock is currently owned by insiders.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc NYSE: KNX is one of North America's largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company's core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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