Knight-Swift Transportation Holdings Inc. $KNX Holdings Trimmed by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Knight-Swift Transportation stake by 95.3% in the third quarter, selling 66,873 shares and retaining 3,329 shares valued at approximately $212,000. Institutional investors still own 88.77% of the company.
• Knight-Swift reported quarterly earnings of $0.63 per share, exceeding the $0.51 consensus estimate, while revenue rose 12.6% year over year to $2.10 billion. The company also declared a quarterly dividend of $0.20 per share, representing a 1.2% annualized yield.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $82.83, although JPMorgan lowered its target to $68 and insiders sold approximately $16.2 million of stock during the quarter.

Curated Wealth Partners LLC trimmed its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 95.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,329 shares of the transportation company's stock after selling 66,873 shares during the period. Curated Wealth Partners LLC's holdings in Knight-Swift Transportation were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Knight-Swift Transportation in the second quarter valued at approximately $3,811,000. Engineers Gate Manager LP increased its position in shares of Knight-Swift Transportation by 54.3% during the second quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company's stock valued at $13,646,000 after acquiring an additional 61,706 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Knight-Swift Transportation by 3.1% during the first quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company's stock valued at $16,807,000 after acquiring an additional 8,653 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Knight-Swift Transportation during the second quarter worth $8,790,000. Finally, First Trust Advisors LP lifted its holdings in Knight-Swift Transportation by 36.1% during the first quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company's stock worth $30,160,000 after acquiring an additional 138,949 shares during the period. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Up 0.1%

Shares of NYSE KNX opened at $64.88 on Monday. Knight-Swift Transportation Holdings Inc. has a one year low of $41.24 and a one year high of $82.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The business's fifty day moving average price is $67.59 and its 200-day moving average price is $69.49. The stock has a market capitalization of $10.56 billion, a PE ratio of 249.56, a P/E/G ratio of 0.55 and a beta of 1.21.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 4th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 4th. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 307.69%.

Insiders Place Their Bets

In other news, CAO Cary Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the transaction, the chief accounting officer owned 5,405 shares in the company, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 224,954 shares of company stock worth $16,183,454 over the last quarter. 2.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KNX has been the topic of several research analyst reports. Raymond James Financial boosted their price objective on Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 2nd. Stifel Nicolaus raised their target price on Knight-Swift Transportation from $88.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, October 8th. Zacks Research lowered Knight-Swift Transportation from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Stephens upgraded Knight-Swift Transportation to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Knight-Swift Transportation from $84.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $82.83.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc NYSE: KNX is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.

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