Charles Schwab Investment Management Inc. Increases Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Knight-Swift Transportation by 1.4%, purchasing an additional 16,019 shares, bringing their total ownership to 1,191,354 shares worth approximately $51.8 million.
• Investor interest in Knight-Swift has surged, with 88.77% of stock currently owned by institutional investors, including significant increases from firms like Interval Partners LP and SG Americas Securities LLC.
• Knight-Swift reported a quarterly earnings per share of $0.35, beating estimates, with revenue slightly below analyst expectations at $1.86 billion.

Charles Schwab Investment Management Inc. raised its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,191,354 shares of the transportation company's stock after purchasing an additional 16,019 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Knight-Swift Transportation worth $51,812,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Knight-Swift Transportation by 20.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 119,080 shares of the transportation company's stock worth $6,316,000 after purchasing an additional 20,183 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Knight-Swift Transportation during the 4th quarter valued at $15,111,000. Sterling Capital Management LLC raised its holdings in Knight-Swift Transportation by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 9,274 shares of the transportation company's stock valued at $492,000 after buying an additional 3,309 shares during the period. Rockefeller Capital Management L.P. grew its position in Knight-Swift Transportation by 62.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 32,737 shares of the transportation company's stock valued at $1,736,000 after acquiring an additional 12,628 shares during the last quarter. Finally, Barclays PLC grew its position in Knight-Swift Transportation by 40.1% in the 4th quarter. Barclays PLC now owns 320,511 shares of the transportation company's stock valued at $17,000,000 after acquiring an additional 91,661 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays dropped their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Evercore ISI dropped their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Citigroup increased their price target on Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Robert W. Baird increased their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.

Knight-Swift Transportation Stock Up 1.4%

KNX stock traded up $0.6080 during trading on Thursday, reaching $42.6980. 2,234,744 shares of the company traded hands, compared to its average volume of 3,085,142. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The business has a 50 day simple moving average of $44.17 and a 200 day simple moving average of $44.87. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 0.63 and a beta of 1.17. 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 (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the business posted $0.24 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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 paid a $0.18 dividend. 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 (DPR) is 70.59%.

Knight-Swift Transportation Profile

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.