Boothbay Fund Management LLC Grows Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Boothbay Fund Management LLC increased its stake in Knight-Swift Transportation Holdings Inc. by 20.3%, owning 176,796 shares worth approximately $7.69 million after acquiring an additional 29,791 shares in the first quarter.
• Knight-Swift reported a quarterly earnings per share (EPS) of $0.35, exceeding the consensus estimate, with revenue of $1.86 billion, reflecting a year-over-year increase of 0.8%.
• The company announced a quarterly dividend of $0.18 per share, resulting in a 1.7% yield, with a dividend payout ratio of 70.59%.

Boothbay Fund Management LLC boosted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 20.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 176,796 shares of the transportation company's stock after buying an additional 29,791 shares during the period. Boothbay Fund Management LLC owned approximately 0.11% of Knight-Swift Transportation worth $7,689,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in Knight-Swift Transportation by 8,856.8% in the 1st quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock valued at $70,704,000 after acquiring an additional 1,628,760 shares during the period. Adage Capital Partners GP L.L.C. grew its position in shares of Knight-Swift Transportation by 75.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 252,391 shares of the transportation company's stock worth $10,976,000 after purchasing an additional 108,895 shares in the last quarter. Appian Way Asset Management LP acquired a new position in shares of Knight-Swift Transportation during the 1st quarter worth approximately $3,162,000. Dark Forest Capital Management LP acquired a new position in shares of Knight-Swift Transportation during the 1st quarter worth approximately $5,362,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Knight-Swift Transportation during the 1st quarter worth approximately $466,000. 88.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Raymond James Financial lifted their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 15th. Barclays decreased 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 note on Thursday, July 10th. Susquehanna lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. UBS Group lowered shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and raised their target price for the company from $46.00 to $51.00 in a research report on Friday. Finally, The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and raised their price target for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.19.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Trading Down 0.7%

NYSE KNX traded down $0.31 during mid-day trading on Monday, reaching $42.80. 1,581,210 shares of the stock were exchanged, compared to its average volume of 2,827,001. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The stock has a 50 day simple moving average of $44.25 and a 200-day simple moving average of $43.92. The stock has a market cap of $6.95 billion, a P/E ratio of 41.96, a P/E/G ratio of 0.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $0.24 earnings per share. Knight-Swift Transportation's quarterly revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be paid a $0.18 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. Knight-Swift Transportation's dividend payout ratio (DPR) 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.