Hsbc Holdings PLC Has $6.06 Million Stake in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Hsbc Holdings PLC has increased its stake in Knight-Swift Transportation Holdings Inc. by 73.4%, now owning 140,462 shares valued at $6.06 million.
• Several research firms have raised their price targets for Knight-Swift stock, with Goldman Sachs increasing its target from $45.00 to $65.00, indicating a shift to a "buy" rating.
• Knight-Swift Transportation recently announced a quarterly dividend of $0.18 per share, representing a 1.7% yield, with a payout ratio of 70.59%.

Hsbc Holdings PLC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 73.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,462 shares of the transportation company's stock after buying an additional 59,451 shares during the period. Hsbc Holdings PLC owned 0.09% of Knight-Swift Transportation worth $6,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Knight-Swift Transportation by 9,383.3% in the first 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 in the last quarter. Brooklyn Investment Group grew its stake in shares of Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. UMB Bank n.a. grew its stake in shares of 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 valued at $49,000 after acquiring an additional 324 shares in the last quarter. Quarry LP grew its stake in shares of Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after acquiring an additional 500 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Knight-Swift Transportation in the first quarter valued at about $111,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on KNX. Citigroup upped their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Bank of America upped their price objective on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. JPMorgan Chase & Co. upped their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Susquehanna upped their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.88.

Knight-Swift Transportation Stock Down 3.2%

KNX stock opened at $43.5250 on Tuesday. The stock has a market capitalization of $7.06 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17. 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 Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a 50-day moving average price of $44.21 and a 200-day moving average price of $44.57.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Knight-Swift Transportation's dividend payout ratio is 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.

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