Horizon Investments LLC Reduces Stake in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Horizon Investments reduced its stake in Knight‑Swift by 9.5% in Q4, selling 15,714 shares and leaving it with 149,611 shares (about 0.09% of the company) valued at roughly $7.82 million.
• Knight‑Swift missed earnings: the company reported $0.09 EPS vs. $0.29 expected (a $0.20 miss) with revenue of $1.85 billion broadly in line, yet analysts maintain a consensus "Moderate Buy" rating and a $66.71 target price.
• Insider selling continued — Chairman Kevin P. Knight sold 30,000 shares and insiders have sold 42,930 shares (~$2.58 million) in the past three months; insiders now own 2.90% of the company.

Horizon Investments LLC lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,611 shares of the transportation company's stock after selling 15,714 shares during the period. Horizon Investments LLC owned approximately 0.09% of Knight-Swift Transportation worth $7,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in Knight-Swift Transportation by 44.4% in the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company's stock worth $45,000 after acquiring an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Knight-Swift Transportation by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company's stock valued at $2,091,000 after buying an additional 306 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Knight-Swift Transportation by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company's stock valued at $50,000 after buying an additional 336 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Knight-Swift Transportation by 2.7% during the third quarter. Jones Financial Companies Lllp now owns 13,081 shares of the transportation company's stock valued at $519,000 after buying an additional 343 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in shares of Knight-Swift Transportation by 4.5% during the third quarter. Benjamin Edwards Inc. now owns 8,130 shares of the transportation company's stock valued at $321,000 after buying an additional 351 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings upgraded Knight-Swift Transportation from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, April 15th. UBS Group boosted their target price on Knight-Swift Transportation from $66.00 to $79.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Susquehanna boosted their target price on Knight-Swift Transportation from $60.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, April 22nd. Stephens dropped their target price on Knight-Swift Transportation from $65.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus boosted their target price on Knight-Swift Transportation from $63.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and a consensus target price of $66.71.

Insider Transactions at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 30,000 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $61.00, for a total value of $1,830,000.00. Following the completion of the sale, the chairman owned 1,305,347 shares in the company, valued at approximately $79,626,167. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael K. Liu sold 1,243 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total value of $75,661.41. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,930 shares of company stock worth $2,581,186 over the last three months. Company insiders own 2.90% of the company's stock.

Knight-Swift Transportation Stock Down 1.3%

Shares of NYSE KNX opened at $64.06 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.70. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 305.08, a PEG ratio of 0.85 and a beta of 1.15. The stock has a 50 day moving average price of $59.53 and a 200 day moving average price of $54.27. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $67.75.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.20). The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.85 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were issued a $0.20 dividend. The ex-dividend date was Friday, March 6th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 380.95%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc NYSE: KNX is one of North America's largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company's core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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