Engineers Gate Manager LP Grows Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Engineers Gate Manager LP increased its Knight-Swift Transportation position by 54.3% in the second quarter, bringing its holdings to 175,244 shares valued at approximately $13.6 million. Institutional investors collectively own 88.77% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $84.26; Barclays, Bank of America, and Susquehanna recently raised their targets.
• Knight-Swift exceeded quarterly expectations with $0.63 EPS versus the $0.51 consensus and $2.10 billion in revenue, up 12.6% year over year. The company also declared a $0.20 quarterly dividend, equivalent to a 1.2% yield.

Engineers Gate Manager LP boosted its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 54.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,244 shares of the transportation company's stock after acquiring an additional 61,706 shares during the period. Engineers Gate Manager LP owned about 0.11% of Knight-Swift Transportation worth $13,646,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KNX. Blue Trust Inc. increased its holdings in Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company's stock valued at $31,000 after buying an additional 301 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of Knight-Swift Transportation by 134.6% during the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company's stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company's stock valued at $35,000 after acquiring an additional 828 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Knight-Swift Transportation during the 4th quarter worth about $39,000. Finally, Transamerica Financial Advisors LLC raised its position in shares of Knight-Swift Transportation by 151.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 941 shares of the transportation company's stock worth $49,000 after acquiring an additional 567 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays upped their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Bank of America upped their target price on shares of Knight-Swift Transportation from $90.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Susquehanna increased their target price on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the company a "positive" rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. Finally, Stephens upgraded Knight-Swift Transportation to a "strong-buy" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.26.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX opened at $69.00 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a one year low of $38.63 and a one year high of $82.86. The company has a 50-day simple moving average of $71.62 and a 200-day simple moving average of $67.92. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 265.40, a PEG ratio of 0.57 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 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 21st. Shareholders of record on Friday, September 4th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.80 annualized dividend and a yield of 1.2%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 307.69%.

Insiders Place Their Bets

In related news, Director David Vander Ploeg sold 2,200 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the sale, the director owned 30,252 shares in the company, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares in the company, valued at $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 224,954 shares of company stock valued at $16,183,454. Corporate insiders own 2.90% of the company's stock.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.

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