AXQ Capital LP Takes $6.61 Million Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• AXQ Capital acquired 84,923 shares of Knight-Swift Transportation worth approximately $6.61 million, making KNX its sixth-largest holding and representing about 0.05% of the company.
• Institutional ownership remains high at 88.77%, while company insiders sold roughly $16.2 million worth of shares over the past 90 days.
• Analysts maintain a generally bullish outlook, with a “Moderate Buy” consensus and an average price target of $83.89; the company also beat quarterly earnings estimates and raised year-over-year revenue by 12.6%.

AXQ Capital LP acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 84,923 shares of the transportation company's stock, valued at approximately $6,613,000. Knight-Swift Transportation accounts for 0.7% of AXQ Capital LP's portfolio, making the stock its 6th largest holding. AXQ Capital LP owned approximately 0.05% of Knight-Swift Transportation at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KNX. Integrated Wealth Concepts LLC raised its stake in shares of Knight-Swift Transportation by 23.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company's stock valued at $259,000 after buying an additional 1,124 shares during the last quarter. Focus Partners Wealth acquired a new stake in Knight-Swift Transportation in the first quarter valued at approximately $451,000. Cetera Investment Advisers increased its position in shares of Knight-Swift Transportation by 6.9% in the second quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company's stock valued at $607,000 after buying an additional 882 shares in the last quarter. Invesco Ltd. grew its stake in Knight-Swift Transportation by 57.7% in the 2nd quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company's stock valued at $48,110,000 after acquiring an additional 398,116 shares during the period. Finally, First Trust Advisors LP grew its stake in Knight-Swift Transportation by 54.3% in the 2nd quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company's stock valued at $21,748,000 after acquiring an additional 172,956 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Knight-Swift Transportation

In related news, Director David Vander Ploeg sold 2,200 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the transaction, the director owned 30,252 shares of the company's stock, valued at approximately $1,583,087.16. This represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reid Dove sold 126,864 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 224,954 shares of company stock worth $16,183,454. 2.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KNX shares. Citigroup restated a "market outperform" rating on shares of Knight-Swift Transportation in a research report on Wednesday, August 26th. The Goldman Sachs Group increased their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Raymond James Financial raised their target price on Knight-Swift Transportation from $76.00 to $91.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 2nd. TD Cowen lifted their price target on Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Zacks Research cut Knight-Swift Transportation from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.89.

Knight-Swift Transportation Trading Up 3.1%

KNX opened at $69.52 on Friday. The stock has a market capitalization of $11.32 billion, a PE ratio of 267.39, a P/E/G ratio of 0.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current 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. The business's 50 day moving average price is $72.29 and its 200 day moving average price is $67.55.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company earned $0.21 EPS. The company's quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

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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