Comerica Bank Sells 32,620 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Comerica Bank reduced its stake in Knight-Swift Transportation Holdings Inc. by 19.5% during the first quarter, now owning approximately $5.87 million worth of the stock.
• Several institutional investors increased their holdings in Knight-Swift, including Larson Financial Group, which grew its position by 9,383.3%.
• Analysts have mixed opinions on Knight-Swift, with revised price targets ranging from $55.00 to $54.00, while the company recently announced a quarterly dividend of $0.18 per share.

Comerica Bank lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 19.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,923 shares of the transportation company's stock after selling 32,620 shares during the quarter. Comerica Bank owned about 0.08% of Knight-Swift Transportation worth $5,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock valued at $25,000 after acquiring an additional 563 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after buying an additional 310 shares during the period. UMB Bank n.a. grew its position in shares of Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after buying an additional 324 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Knight-Swift Transportation during the 1st quarter worth approximately $111,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Knight-Swift Transportation during the 1st quarter worth approximately $118,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Stock Down 1.2%

KNX traded down $0.54 during trading on Tuesday, reaching $43.37. The company had a trading volume of 892,723 shares, compared to its average volume of 2,832,052. 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 Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The business's fifty day moving average price is $44.32 and its 200 day moving average price is $44.21. The company has a market cap of $7.04 billion, a P/E ratio of 42.49, a PEG ratio of 0.66 and a beta of 1.19.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. 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. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business 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 of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. Knight-Swift Transportation's payout ratio is presently 70.59%.

Wall Street Analyst Weigh In

KNX has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target 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. Susquehanna lifted their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Raymond James Financial lifted their price target on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. Robert W. Baird lifted 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 report on Friday, July 25th. Finally, Wells Fargo & Company lifted their price target on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.88.

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.