Knight-Swift Transportation Holdings Inc. $KNX Shares Acquired by UBS Group AG

Key Points

• UBS Group AG boosted its stake in Knight‑Swift by 44.3% in Q4, owning 2,430,896 shares (about 1.50% of the company) valued at roughly $127.09 million.
• Knight‑Swift missed quarterly EPS estimates, reporting $0.09 vs. consensus $0.29, though revenue roughly met expectations and analysts maintain a consensus rating of "Moderate Buy" with a $66.71 target.
• The company raised its quarterly dividend to $0.20 (annualized $0.80, yield ~1.2%) despite a reported payout ratio of 380.95%, and insiders have been net sellers (42,930 shares sold over the last quarter).

UBS Group AG lifted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 44.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,430,896 shares of the transportation company's stock after buying an additional 745,787 shares during the quarter. UBS Group AG owned approximately 1.50% of Knight-Swift Transportation worth $127,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its stake in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company's stock worth $35,000 after purchasing an additional 828 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in Knight-Swift Transportation by 7,100.0% in the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company's stock worth $37,000 after purchasing an additional 923 shares in the last quarter. Versant Capital Management Inc grew its stake in Knight-Swift Transportation by 111.3% in the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company's stock worth $37,000 after purchasing an additional 493 shares in the last quarter. MMA Asset Management LLC acquired a new position in Knight-Swift Transportation in the third quarter worth about $41,000. Finally, Farther Finance Advisors LLC raised its position in shares of Knight-Swift Transportation by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company's stock valued at $50,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Trading Down 1.3%

Shares of KNX stock opened at $64.06 on Friday. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $67.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.70. The stock has a fifty day moving average of $59.53 and a two-hundred day moving average of $54.19. The firm has a market capitalization of $10.41 billion, a PE ratio of 305.08, a price-to-earnings-growth ratio of 0.86 and a beta of 1.15.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm posted $0.28 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.14 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, March 6th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.18. Knight-Swift Transportation's payout ratio is presently 380.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KNX shares. TD Cowen upped their price target on Knight-Swift Transportation from $60.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Stifel Nicolaus upped their price target on Knight-Swift Transportation from $63.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on Knight-Swift Transportation from $49.00 to $61.00 and gave the company a "neutral" rating in a research report on Monday, January 12th. Barclays upped their price target on Knight-Swift Transportation from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, March 4th. Finally, Stephens dropped their price target on Knight-Swift Transportation from $65.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.71.

Insider Buying and Selling

In related news, EVP Michael K. Liu sold 1,243 shares of Knight-Swift Transportation stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total value of $75,661.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO James L. Fitzsimmons sold 5,917 shares of Knight-Swift Transportation stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total value of $324,074.09. Following the completion of the transaction, the chief operating officer owned 8,716 shares in the company, valued at $477,375.32. The trade was a 40.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 42,930 shares of company stock valued at $2,581,186. Insiders own 2.90% of the company's stock.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc NYSE: KNX is one of North America's largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company's core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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