Fox Run Management L.L.C. Makes New $1.77 Million Investment in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Knight-Swift Transportation Holdings Inc., purchasing 40,647 shares valued at approximately $1.77 million.
• The company reported earnings of $0.35 per share for the quarter, beating expectations, and witnessed a 0.8% year-over-year revenue increase.
• Knight-Swift Transportation has a dividend yield of 1.6%, with plans to distribute a quarterly dividend of $0.18 on September 22nd.

Fox Run Management L.L.C. bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 40,647 shares of the transportation company's stock, valued at approximately $1,768,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its position in shares of Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock valued at $25,000 after acquiring an additional 563 shares during the last quarter. UMB Bank n.a. increased its stake in Knight-Swift Transportation by 40.0% during the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares during the period. Quarry LP increased its stake in Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after purchasing an additional 500 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $111,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $118,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Trading Up 1.9%

Shares of NYSE KNX traded up $0.8030 during midday trading on Tuesday, hitting $43.0730. The stock had a trading volume of 963,747 shares, compared to its average volume of 2,860,421. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 0.64 and a beta of 1.17. 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 quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $44.26 and a 200 day moving average price of $44.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.86 billion for 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%.The company's revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.7%. Knight-Swift Transportation's payout ratio is 70.59%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KNX. Robert W. Baird upped their target price on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. 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. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, Bank of America increased their price target on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Two 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. According to MarketBeat, the company presently has a consensus 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.