Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Knight-Swift Transportation Holdings Inc. by 5.2%, now owning 689,603 shares valued at approximately $30 million.
• A number of large institutional investors, including Cerity Partners LLC and Wealth Enhancement Advisory Services LLC, significantly increased their holdings in Knight-Swift during the same quarter.
• Knight-Swift reported a quarterly earnings per share (EPS) of $0.35, beating estimates, and recently declared a $0.18 quarterly dividend, with a dividend yield of 1.7%.

Invesco Ltd. decreased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 689,603 shares of the transportation company's stock after selling 37,552 shares during the period. Invesco Ltd. owned about 0.43% of Knight-Swift Transportation worth $29,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in Knight-Swift Transportation by 611.7% in the first quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock worth $1,482,000 after buying an additional 29,286 shares in the last quarter. Aviance Capital Partners LLC raised its stake in Knight-Swift Transportation by 6.3% in the first quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock worth $4,824,000 after buying an additional 6,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Knight-Swift Transportation by 668.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock worth $1,511,000 after buying an additional 30,219 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Knight-Swift Transportation by 533.9% in the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock worth $1,462,000 after buying an additional 28,311 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Knight-Swift Transportation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock worth $824,000 after buying an additional 510 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Analyst Ratings Changes

KNX has been the topic of several analyst reports. Barclays cut their price target on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Citigroup lifted their price target on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Raymond James Financial lifted their price target on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. Robert W. Baird lifted their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, TD Securities cut their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average target price of $53.88.

Knight-Swift Transportation Stock Performance

Shares of KNX traded up $2.23 during trading hours on Friday, reaching $44.95. 3,726,358 shares of the company traded hands, compared to its average volume of 2,772,784. The stock has a market capitalization of $7.30 billion, a P/E ratio of 44.07, a P/E/G ratio of 0.64 and a beta of 1.17. 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 business has a fifty day moving average price of $44.21 and a 200-day moving average price of $44.79.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Equities analysts anticipate 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 announced 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 is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. Knight-Swift Transportation's payout ratio is currently 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.