AQR Capital Management LLC Grows Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• AQR Capital Management LLC significantly increased its stake in Knight-Swift Transportation by 8,856.8%, acquiring 1,628,760 additional shares.
• Multiple analysts have issued positive ratings for Knight-Swift, with significant price target increases, including Goldman Sachs raising theirs from $45.00 to $65.00.
• Knight-Swift Transportation announced a quarterly dividend of $0.18 per share, aligning with a payout ratio of 70.59% as it continues to demonstrate steady financial performance.

AQR Capital Management LLC boosted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 8,856.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,647,150 shares of the transportation company's stock after acquiring an additional 1,628,760 shares during the period. AQR Capital Management LLC owned 1.02% of Knight-Swift Transportation worth $70,704,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. raised its stake in shares of Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock worth $355,000 after purchasing an additional 216 shares during the last quarter. Brooklyn Investment Group boosted its position 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 last quarter. UMB Bank n.a. increased its holdings in Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after buying an additional 324 shares in the last quarter. Tectonic Advisors LLC increased its holdings in Knight-Swift Transportation by 0.6% in the 1st quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock worth $2,727,000 after buying an additional 403 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in Knight-Swift Transportation by 6.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 7,371 shares of the transportation company's stock worth $391,000 after buying an additional 459 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was 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. Corporate insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Performance

Shares of KNX traded up $1.33 on Thursday, reaching $42.98. The company's stock had a trading volume of 2,129,196 shares, compared to its average volume of 2,199,045. The stock's 50 day simple moving average is $43.96 and its two-hundred day simple moving average is $43.78. 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 capitalization of $6.98 billion, a P/E ratio of 42.14, a PEG ratio of 0.62 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same period last 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 earnings per share 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. Investors 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 annualized dividend and a yield of 1.7%. Knight-Swift Transportation's payout ratio is 70.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KNX shares. JPMorgan Chase & Co. upped their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $45.00 to $65.00 in a report on Monday, June 2nd. Barclays lowered their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Bank of America lifted their target price on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Susquehanna increased their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. 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 company. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average price target 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.