Northern Trust Corp Sells 139,652 Shares of Knight-Swift Transportation Holdings Inc. $KNX

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

Other large investors also recently modified their holdings of the company. Interval Partners LP raised its stake in Knight-Swift Transportation by 320.7% in the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after buying an additional 1,337,727 shares in the last quarter. SG Americas Securities LLC raised its stake in Knight-Swift Transportation by 54,434.0% in the first quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock worth $48,003,000 after buying an additional 1,101,744 shares in the last quarter. Junto Capital Management LP bought a new position in Knight-Swift Transportation in the fourth quarter worth about $34,355,000. Dimensional Fund Advisors LP raised its stake in Knight-Swift Transportation by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock worth $331,813,000 after buying an additional 638,352 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Knight-Swift Transportation by 3.6% in the first quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock worth $649,560,000 after buying an additional 515,212 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded down $0.06 during trading on Friday, hitting $43.88. The company had a trading volume of 1,990,528 shares, compared to its average volume of 2,446,556. The stock has a 50 day simple moving average of $44.32 and a 200 day simple moving average of $44.42. 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 Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a market capitalization of $7.12 billion, a P/E ratio of 43.02, a price-to-earnings-growth ratio of 0.66 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on KNX. Bank of America boosted their price objective 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. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $65.00 in a research note on Monday, June 2nd. Raymond James Financial boosted their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 15th. Robert W. Baird boosted their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Susquehanna raised their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.88.

Knight-Swift Transportation Company Profile

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.