Dark Forest Capital Management LP Invests $5.36 Million in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Dark Forest Capital Management LP purchased 123,299 shares of Knight-Swift Transportation Holdings Inc., valued at approximately $5,362,000, representing about 0.08% of the company as of the latest filing with the SEC.
• Several institutional investors have recently increased their stakes in Knight-Swift, with 88.77% of the company's stock currently held by hedge funds and institutional investors.
• Knight-Swift Transportation announced a quarterly dividend of $0.18 per share, with a dividend yield of 1.6% and an annualized dividend payment of $0.72.

Dark Forest Capital Management LP acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 123,299 shares of the transportation company's stock, valued at approximately $5,362,000. Dark Forest Capital Management LP owned 0.08% of Knight-Swift Transportation as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC bought a new stake in Knight-Swift Transportation in the first quarter valued at approximately $466,000. Cubist Systematic Strategies LLC raised its stake in Knight-Swift Transportation by 102,633.9% in the first quarter. Cubist Systematic Strategies LLC now owns 922,805 shares of the transportation company's stock valued at $40,133,000 after buying an additional 923,705 shares during the period. Quarry LP raised its stake in Knight-Swift Transportation by 228.7% in the first quarter. Quarry LP now owns 5,592 shares of the transportation company's stock valued at $243,000 after buying an additional 3,891 shares during the period. Magnetar Financial LLC bought a new stake in Knight-Swift Transportation in the first quarter valued at approximately $11,402,000. Finally, Trexquant Investment LP bought a new stake in Knight-Swift Transportation in the first quarter valued at approximately $11,473,000. Institutional investors own 88.77% of the company's stock.

Insider Transactions at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Price Performance

Shares of KNX traded down $0.99 during trading hours on Friday, reaching $43.13. The stock had a trading volume of 2,659,272 shares, compared to its average volume of 2,245,459. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The stock has a market capitalization of $7.00 billion, a PE ratio of 42.28, a PEG ratio of 0.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The company's 50-day moving average is $44.25 and its two-hundred day moving average is $44.05.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced 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. The business had revenue of $1.86 billion during 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%.Knight-Swift Transportation's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KNX shares. Citigroup upped their target price on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their price target for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Wells Fargo & Company raised their target price on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. 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. Finally, Bank of America raised their target price on Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.19.

Knight-Swift Transportation Company 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.