Inspire Investing LLC Has $654,000 Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Inspire Investing LLC increased its stock holdings in Knight-Swift Transportation by 98.8% to a total value of $654,000 during the first quarter.
• Knight-Swift recently reported earnings of $0.35 per share, exceeding analyst expectations, with revenue of $1.86 billion for the quarter.
• The company has announced a quarterly dividend of $0.18, resulting in an annual yield of 1.7%, with a dividend payout ratio of 70.59%.

Inspire Investing LLC boosted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 98.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,049 shares of the transportation company's stock after acquiring an additional 7,479 shares during the quarter. Inspire Investing LLC's holdings in Knight-Swift Transportation were worth $654,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Knight-Swift Transportation by 3.6% during the first quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock worth $649,560,000 after acquiring an additional 515,212 shares in the last quarter. Victory Capital Management Inc. raised its stake in Knight-Swift Transportation by 4.6% during the first quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock worth $362,897,000 after acquiring an additional 364,263 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Knight-Swift Transportation by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock worth $331,813,000 after acquiring an additional 638,352 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Knight-Swift Transportation by 8,856.8% during the first quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock worth $70,704,000 after purchasing an additional 1,628,760 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Knight-Swift Transportation by 7.2% during the first quarter. American Century Companies Inc. now owns 1,330,804 shares of the transportation company's stock worth $57,877,000 after purchasing an additional 89,582 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays decreased their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. UBS Group cut Knight-Swift Transportation from a "buy" rating to a "neutral" rating and raised their price target for the company from $46.00 to $51.00 in a report on Friday, September 5th. Bank of America raised their price target on Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group raised 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 research note on Monday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.19.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded up $0.01 during midday trading on Thursday, hitting $41.73. 922,936 shares of the company's stock were exchanged, compared to its average volume of 2,805,097. The company has a quick ratio of 0.89, a current 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 company's 50 day moving average price is $43.55 and its 200 day moving average price is $43.57. The firm has a market capitalization of $6.77 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 0.64 and a beta of 1.19.

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

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a $0.18 dividend. The ex-dividend date 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%.

Insider Transactions at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

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.