Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its stake in Knight-Swift Transportation Holdings, selling 297,920 shares and decreasing its holdings by 95.7% in the first quarter, leaving it with 13,363 shares valued at $581,000.
• Multiple institutional investors have increased their positions in Knight-Swift, including Larson Financial Group LLC, which raised its stake by 9,383.3% in the same quarter.
• Knight-Swift Transportation has launched a quarterly dividend of $0.18 per share, representing an annualized yield of 1.6%, set to be paid on September 22nd.

Deutsche Bank AG lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 95.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,363 shares of the transportation company's stock after selling 297,920 shares during the quarter. Deutsche Bank AG's holdings in Knight-Swift Transportation were worth $581,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in Knight-Swift Transportation by 45.0% in the fourth quarter. Hsbc Holdings PLC now owns 81,011 shares of the transportation company's stock worth $4,290,000 after acquiring an additional 25,139 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Knight-Swift Transportation by 9.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 103,958 shares of the transportation company's stock worth $5,515,000 after purchasing an additional 8,987 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Knight-Swift Transportation by 111.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 143,496 shares of the transportation company's stock worth $7,611,000 after purchasing an additional 75,741 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Knight-Swift Transportation by 0.9% during the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after purchasing an additional 192 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new position in Knight-Swift Transportation in the fourth quarter valued at $200,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

Shares of KNX traded down $0.06 during mid-day trading on Monday, hitting $43.88. The company's stock had a trading volume of 1,990,528 shares, compared to its average volume of 2,325,594. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The firm has a market capitalization of $7.12 billion, a P/E ratio of 43.02, a P/E/G ratio of 0.66 and a beta of 1.19. The firm has a 50-day simple moving average of $44.32 and a 200 day simple moving average of $44.21.

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

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors 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 annualized dividend and a dividend yield of 1.6%. Knight-Swift Transportation's dividend payout ratio (DPR) is 70.59%.

Wall Street Analysts Forecast Growth

KNX has been the subject of a number of recent analyst reports. Barclays decreased their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Wells Fargo & Company upped their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Citigroup increased their price target 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. Raymond James Financial boosted their price objective 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. Finally, Susquehanna upped their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.88.

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.