Deutsche Bank AG Cuts Stake in Knight-Swift Transportation Holdings Inc. $KNX

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 lowered its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 95.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KNX. Larson Financial Group LLC boosted its position in Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after purchasing an additional 563 shares during the period. UMB Bank n.a. boosted its stake in Knight-Swift Transportation by 40.0% in the first 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 in the last quarter. Quarry LP boosted its stake in Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after buying an additional 500 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Knight-Swift Transportation in the first quarter valued at approximately $118,000. Finally, Allworth Financial LP lifted its position in Knight-Swift Transportation by 38.6% in the first quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock valued at $123,000 after purchasing an additional 847 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of recent research reports. Raymond James Financial increased their target price on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 15th. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup boosted 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. JPMorgan Chase & Co. upped their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Bank of America boosted their price target on Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Two research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.88.

Knight-Swift Transportation Stock Down 0.1%

NYSE:KNX traded down $0.06 during midday trading on Friday, reaching $43.88. The company had a trading volume of 1,990,528 shares, compared to its average volume of 2,446,556. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 0.66 and a beta of 1.17. The stock's fifty day simple moving average is $44.32 and its 200-day simple moving average is $44.42. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. 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 (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.24 EPS. The business'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. On average, sell-side 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 company 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. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 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.