Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its shareholding in Knight-Swift Transportation by 9.5%, now holding 1,331,037 shares valued at approximately $57.9 million.
• A number of institutional investors, including Brooklyn Investment Group and Versor Investments LP, have recently increased their stakes in Knight-Swift, showing strong institutional interest in the company.
• Analysts have mixed views on Knight-Swift's stock, with Baird R W upgrading it to a "strong-buy" and Barclays lowering its price target, but the general consensus remains a "Moderate Buy" rating.

Northern Trust Corp decreased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,331,037 shares of the transportation company's stock after selling 139,652 shares during the quarter. Northern Trust Corp owned about 0.82% of Knight-Swift Transportation worth $57,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC lifted its holdings in shares of Knight-Swift Transportation by 611.7% during the 1st quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock valued at $1,482,000 after acquiring an additional 29,286 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of Knight-Swift Transportation by 6.3% during the 1st quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock valued at $4,824,000 after acquiring an additional 6,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Knight-Swift Transportation by 668.0% during the 1st 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 during the period. Assenagon Asset Management S.A. increased its stake in Knight-Swift Transportation by 533.9% during the 1st 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 during the period. Finally, State of Alaska Department of Revenue increased its stake in Knight-Swift Transportation by 2.8% during the 1st 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 during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research note on Tuesday, June 24th. Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Bank of America lifted their price target on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, 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 research note on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.

Knight-Swift Transportation Stock Performance

NYSE KNX traded down $0.06 on Monday, hitting $43.88. The stock had a trading volume of 1,990,528 shares, compared to its average volume of 2,325,594. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 43.02, a P/E/G ratio of 0.66 and a beta of 1.19. The company's 50-day moving average is $44.32 and its two-hundred day moving average is $44.21.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. Knight-Swift Transportation's quarterly revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

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