Dimensional Fund Advisors LP Has $331.81 Million Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation Holdings Inc. by 9.1%, owning 7,629,706 shares valued at approximately $331.8 million after acquiring an additional 638,352 shares in the first quarter.
• The company reported $0.35 earnings per share for the last quarter, which exceeded analysts' expectations of $0.34, alongside a revenue of $1.86 billion.
• Knight-Swift will pay a quarterly dividend of $0.18 on September 22nd, representing an annualized yield of 1.7% and a payout ratio of 70.59%.

Dimensional Fund Advisors LP raised its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,629,706 shares of the transportation company's stock after acquiring an additional 638,352 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.71% of Knight-Swift Transportation worth $331,813,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KNX. Voya Investment Management LLC raised its position in Knight-Swift Transportation by 0.9% during the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after buying an additional 192 shares during the last quarter. Benjamin Edwards Inc. increased its position in Knight-Swift Transportation by 3.3% during the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock worth $355,000 after purchasing an additional 216 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after purchasing an additional 324 shares in the last quarter. Tectonic Advisors LLC boosted its position in Knight-Swift Transportation by 0.6% during the 1st quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock worth $2,727,000 after purchasing an additional 403 shares during the period. Finally, Dean Capital Management increased its holdings in Knight-Swift Transportation by 1.6% during the 4th quarter. Dean Capital Management now owns 28,815 shares of the transportation company's stock worth $1,528,000 after purchasing an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KNX. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and raised their target price for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. Citigroup upped their price target on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America raised their price objective on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Barclays reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $53.88.

Knight-Swift Transportation Price Performance

NYSE KNX traded up $2.5190 during trading on Friday, reaching $45.2390. 1,805,733 shares of the company traded hands, compared to its average volume of 2,848,101. The stock's 50 day moving average price is $44.17 and its two-hundred day moving average price is $44.87. 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 Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 0.63 and a beta of 1.17.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $0.24 EPS. The firm'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. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced 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. 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 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.