Knight-Swift Transportation Holdings Inc. $KNX Shares Purchased by Hsbc Holdings PLC

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 stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 73.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,462 shares of the transportation company's stock after purchasing an additional 59,451 shares during the quarter. Hsbc Holdings PLC owned 0.09% of Knight-Swift Transportation worth $6,062,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KNX. Tower Research Capital LLC TRC increased its stake in shares of Knight-Swift Transportation by 92.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,435 shares of the transportation company's stock worth $660,000 after acquiring an additional 5,960 shares during the period. Price T Rowe Associates Inc. MD increased its position in Knight-Swift Transportation by 9.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 103,958 shares of the transportation company's stock worth $5,515,000 after purchasing an additional 8,987 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Knight-Swift Transportation by 111.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 143,496 shares of the transportation company's stock worth $7,611,000 after buying an additional 75,741 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Knight-Swift Transportation by 0.9% in the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock valued at $1,090,000 after buying an additional 192 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $7,825,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.06 during trading on Friday, hitting $43.88. The stock had a trading volume of 1,990,528 shares, compared to its average volume of 2,325,594. The company's 50 day moving average price is $44.32 and its two-hundred day moving average price is $44.28. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 0.66 and a beta of 1.19. 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 (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $1.86 billion for 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 firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be issued a $0.18 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.6%. Knight-Swift Transportation's payout ratio is 70.59%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KNX. 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. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their target price for the company from $45.00 to $65.00 in a report on Monday, June 2nd. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Susquehanna upped their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Finally, Raymond James Financial lifted their price objective on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.88.

Knight-Swift Transportation Company 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.