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 purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,933 shares of the transportation company's stock, valued at approximately $519,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Knight-Swift Transportation by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock valued at $649,560,000 after buying an additional 515,212 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Knight-Swift Transportation by 4.6% during the first quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock valued at $362,897,000 after acquiring an additional 364,263 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Knight-Swift Transportation by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock valued at $331,813,000 after purchasing an additional 638,352 shares during the last quarter. AQR Capital Management LLC increased its stake in Knight-Swift Transportation by 8,856.8% during 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 purchasing an additional 1,628,760 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Knight-Swift Transportation by 7.2% during the first quarter. American Century Companies Inc. now owns 1,330,804 shares of the transportation company's stock worth $57,877,000 after buying an additional 89,582 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KNX. Susquehanna raised their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research note on Tuesday, June 24th. Raymond James Financial raised their target price 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. Citigroup boosted their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Robert W. Baird upped their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.19.

Knight-Swift Transportation Trading Up 0.8%

Knight-Swift Transportation stock traded up $0.34 during trading hours on Wednesday, hitting $42.90. The stock had a trading volume of 292,490 shares, compared to its average volume of 2,799,572. The business's 50 day simple moving average is $43.67 and its 200-day simple moving average is $43.58. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year 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 stock has a market cap of $6.96 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 0.62 and a beta of 1.19.

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

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. 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.