Caxton Associates LLP Invests $519,000 in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Caxton Associates LLP has made a significant investment of $519,000 in Knight-Swift Transportation, acquiring 11,933 shares in the first quarter.
• Several institutional investors, including Cerity Partners LLC and Wealth Enhancement Advisory Services LLC, have significantly increased their stakes in Knight-Swift Transportation, indicating strong institutional interest.
• Knight-Swift Transportation recently reported earnings of $0.35 per share for the last quarter, exceeding analyst expectations, and declared a quarterly dividend of $0.18 per share to be paid on September 22nd.

Caxton Associates LLP acquired a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,933 shares of the transportation company's stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC increased its stake in shares of Knight-Swift Transportation by 611.7% in the first quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock worth $1,482,000 after purchasing an additional 29,286 shares in the last quarter. Aviance Capital Partners LLC grew its stake in Knight-Swift Transportation by 6.3% during the first quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock valued at $4,824,000 after acquiring an additional 6,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Knight-Swift Transportation by 668.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock valued at $1,511,000 after acquiring an additional 30,219 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Knight-Swift Transportation by 533.9% during the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock valued at $1,462,000 after acquiring an additional 28,311 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Knight-Swift Transportation by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock valued at $824,000 after acquiring an additional 510 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Knight-Swift Transportation

In related 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

KNX stock opened at $42.98 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $43.96 and a two-hundred day simple moving average of $43.78. The firm has a market capitalization of $6.98 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business earned $0.24 EPS. The business's 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. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Knight-Swift Transportation's payout ratio is currently 70.59%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised 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. UBS Group cut 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 note on Friday, September 5th. Bank of America raised their target price on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup raised their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two investment 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 company. According to MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and an average target price of $54.19.

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.

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