72,711 Shares in Knight-Swift Transportation Holdings Inc. $KNX Purchased by Appian Way Asset Management LP

Key Points

• Appian Way Asset Management LP has acquired a new stake in Knight-Swift Transportation Holdings Inc., purchasing 72,711 shares valued at approximately $3.16 million.
• Recent analyst ratings for Knight-Swift Transportation indicate a generally positive outlook, with several firms increasing their price targets.
• The company recently announced a quarterly dividend of $0.18, representing an annual yield of 1.6% and highlighting its commitment to returning value to shareholders.

Appian Way Asset Management LP acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 72,711 shares of the transportation company's stock, valued at approximately $3,162,000. Knight-Swift Transportation comprises 0.7% of Appian Way Asset Management LP's holdings, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of Knight-Swift Transportation by 611.7% in the first quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock valued at $1,482,000 after purchasing an additional 29,286 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Knight-Swift Transportation by 6.3% in the first quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock valued at $4,824,000 after purchasing an additional 6,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Knight-Swift Transportation by 668.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock valued at $1,511,000 after purchasing an additional 30,219 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Knight-Swift Transportation by 533.9% in the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock valued at $1,462,000 after purchasing an additional 28,311 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Knight-Swift Transportation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock valued at $824,000 after purchasing an additional 510 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the company's 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KNX. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. Robert W. Baird lifted their target price on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Wells Fargo & Company lifted their price objective 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. Finally, Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.19.

Knight-Swift Transportation Trading Down 2.2%

NYSE KNX traded down $0.99 on Friday, hitting $43.13. 2,659,272 shares of the stock were exchanged, compared to its average volume of 2,280,426. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a fifty day moving average price of $44.25 and a two-hundred day moving average price of $43.92. The firm has a market capitalization of $7.00 billion, a P/E ratio of 42.28, a P/E/G ratio of 0.65 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. Knight-Swift Transportation's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Research analysts forecast 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 declared 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 dividend on an annualized basis and a dividend yield of 1.7%. Knight-Swift Transportation's dividend payout ratio is presently 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.