Korea Investment CORP Decreases Stake in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Korea Investment CORP significantly reduced its stake in Knight-Swift Transportation Holdings Inc. by 94.8%, now holding only 7,484 shares, valued at approximately $325,000 as per their latest SEC filing.
• Several hedge funds have increased their positions in the company, with SG Americas Securities LLC raising its shareholding by an astounding 54,434.0%, now owning over 1.1 million shares worth $48 million.
• Analysts have raised their target prices for Knight-Swift Transportation, with ratings of "Strong Buy" and "Buy" from multiple brokerages, leading to an average target price of $53.88.

Korea Investment CORP trimmed its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 94.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,484 shares of the transportation company's stock after selling 136,634 shares during the period. Korea Investment CORP's holdings in Knight-Swift Transportation were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after buying an additional 310 shares during the last quarter. Versor Investments LP boosted its position in shares of Knight-Swift Transportation by 61.6% during the 1st quarter. Versor Investments LP now owns 17,292 shares of the transportation company's stock worth $752,000 after purchasing an additional 6,592 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Knight-Swift Transportation during the 1st quarter worth $4,967,000. American Century Companies Inc. boosted its position in shares of Knight-Swift Transportation by 7.2% during the 1st 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 in the last quarter. Finally, Ethic Inc. boosted its position in shares of Knight-Swift Transportation by 19.9% during the 1st quarter. Ethic Inc. now owns 19,638 shares of the transportation company's stock worth $859,000 after purchasing an additional 3,262 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.23 during trading on Wednesday, hitting $44.23. The stock had a trading volume of 1,725,515 shares, compared to its average volume of 2,852,913. The company's 50 day moving average price is $44.25 and its two-hundred day moving average price is $44.57. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 0.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The company's quarterly revenue 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. On average, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. Knight-Swift Transportation's dividend payout ratio is currently 70.59%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KNX shares. JPMorgan Chase & Co. boosted their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Barclays decreased their target price on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Citigroup boosted their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company boosted their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Finally, Susquehanna boosted their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.88.

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.