California State Teachers Retirement System Has $14.28 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

California State Teachers Retirement System lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,380 shares of the transportation company's stock after selling 9,218 shares during the period. California State Teachers Retirement System owned 0.11% of Knight-Swift Transportation worth $14,279,801 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KNX. Dimensional Fund Advisors LP increased its position in shares of Knight-Swift Transportation by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company's stock valued at $486,995,000 after buying an additional 60,750 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth approximately $173,669,000. Norges Bank acquired a new stake in shares of Knight-Swift Transportation in the 4th quarter worth $92,070,000. Brandes Investment Partners LP increased its holdings in Knight-Swift Transportation by 12.3% in the fourth quarter. Brandes Investment Partners LP now owns 1,414,368 shares of the transportation company's stock valued at $73,943,000 after buying an additional 154,525 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Knight-Swift Transportation by 20.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,385,655 shares of the transportation company's stock valued at $72,442,000 after purchasing an additional 231,806 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total value of $9,277,564.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cary Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at approximately $382,782.10. The trade was a 39.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 224,954 shares of company stock valued at $16,183,454 over the last three months. Insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their target price on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. The Goldman Sachs Group raised 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. UBS Group increased their price target on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, June 1st. Stephens raised shares of Knight-Swift Transportation to a "strong-buy" rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company upped their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.26.

Knight-Swift Transportation Price Performance

Shares of KNX traded up $0.30 during trading hours on Tuesday, hitting $68.73. 1,250,173 shares of the stock were exchanged, compared to its average volume of 3,648,389. Knight-Swift Transportation Holdings Inc. has a 12-month low of $38.63 and a 12-month high of $82.86. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 264.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18. The stock's 50-day moving average price is $71.32 and its two-hundred day moving average price is $68.04. 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 (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.Knight-Swift Transportation's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation's dividend payout ratio (DPR) is 307.69%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.

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