Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Knight-Swift Transportation stake by 10.9% in the first quarter, selling 105,721 shares and retaining 868,198 shares valued at approximately $50 million. Institutional investors collectively own 88.77% of the company.
• Knight-Swift reported quarterly EPS of $0.63, beating estimates of $0.51, while revenue rose 12.6% year over year to $2.10 billion. The company issued third-quarter EPS guidance of $0.71–$0.77.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $84.44, compared with a reported opening price of $68.32. The company also declared a quarterly dividend of $0.20 per share.

Bank of America Corp DE lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 10.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 868,198 shares of the transportation company's stock after selling 105,721 shares during the period. Bank of America Corp DE owned 0.53% of Knight-Swift Transportation worth $49,991,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Strs Ohio lifted its holdings in shares of Knight-Swift Transportation by 24.7% in the fourth quarter. Strs Ohio now owns 448,471 shares of the transportation company's stock valued at $23,446,000 after purchasing an additional 88,707 shares in the last quarter. UBS Group AG grew its holdings in shares of Knight-Swift Transportation by 44.3% during the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company's stock valued at $127,087,000 after buying an additional 745,787 shares in the last quarter. Comerica Bank raised its position in Knight-Swift Transportation by 68.7% during the fourth quarter. Comerica Bank now owns 130,638 shares of the transportation company's stock valued at $6,830,000 after buying an additional 53,183 shares during the period. WINTON GROUP Ltd acquired a new position in Knight-Swift Transportation during the fourth quarter valued at $6,551,000. Finally, Pzena Investment Management LLC purchased a new stake in Knight-Swift Transportation in the 4th quarter worth about $66,151,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $68.32 on Wednesday. The business's 50-day simple moving average is $74.92 and its 200-day simple moving average is $66.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a 52 week low of $38.63 and a 52 week high of $82.86. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 262.78, a P/E/G ratio of 0.57 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company's revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th. Knight-Swift Transportation's payout ratio is currently 307.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Bank of America increased their price target on shares of Knight-Swift Transportation from $90.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Citizens Jmp assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They set a "market outperform" rating and a $90.00 price target for the company. UBS Group boosted their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 1st. Finally, Citigroup upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.44.

Insider Activity at Knight-Swift Transportation

In other news, Director Reid Dove sold 50,000 shares of the firm's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.25, for a total value of $3,512,500.00. Following the sale, the director owned 169,154 shares in the company, valued at approximately $11,883,068.50. This trade represents a 22.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. The trade was a 39.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.90% of the company's stock.

About Knight-Swift Transportation

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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