Baird Financial Group Inc. Decreases Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Baird Financial Group Inc. reduced its stake in Knight-Swift Transportation by 37.3%, selling 38,410 shares and leaving them with 64,575 shares valued at approximately $2.8 million.
• The transportation company reported $0.35 EPS for the last quarter, exceeding analysts' expectations of $0.34, with a net margin of 2.22%.
• In addition to Baird, other institutional investors significantly increased their holdings in Knight-Swift Transportation, with one firm boosting its stake by a remarkable 9,383.3%.

Baird Financial Group Inc. lessened its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 37.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,575 shares of the transportation company's stock after selling 38,410 shares during the quarter. Baird Financial Group Inc.'s holdings in Knight-Swift Transportation were worth $2,808,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after purchasing an additional 563 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after buying an additional 310 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Knight-Swift Transportation in the 1st quarter valued at about $111,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Knight-Swift Transportation during the first quarter valued at about $118,000. Institutional investors own 88.77% of the company's stock.

Insider Transactions at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped 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 report on Wednesday, May 28th. Robert W. Baird raised their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Raymond James Financial raised their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 15th. Barclays reduced their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Two investment 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.com, Knight-Swift Transportation has an average rating of "Moderate Buy" and a consensus price target of $54.19.

Knight-Swift Transportation Trading Down 2.9%

Knight-Swift Transportation stock traded down $1.25 during mid-day trading on Friday, hitting $41.70. The company's stock had a trading volume of 1,792,455 shares, compared to its average volume of 2,191,356. The company has a 50 day moving average of $43.85 and a 200-day moving average of $43.73. The stock has a market cap of $6.77 billion, a PE ratio of 40.88, a P/E/G ratio of 0.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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.