Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Pzena Investment Management LLC

Key Points

• Pzena Investment Management cut its Knight-Swift stake by 80.7% in the third quarter, selling 47,928 shares and retaining 11,478 shares valued at about $730,000.
• Knight-Swift reported quarterly EPS of $0.83, beating the $0.76 analyst consensus, while revenue rose 14.2% year over year to $2.20 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $83.22; Zacks raised its FY2027 and FY2028 earnings estimates but maintained a Hold rating.

Pzena Investment Management LLC lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 80.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,478 shares of the transportation company's stock after selling 47,928 shares during the period. Pzena Investment Management LLC's holdings in Knight-Swift Transportation were worth $730,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Knight-Swift Transportation by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company's stock worth $486,995,000 after purchasing an additional 60,750 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in Knight-Swift Transportation in the second quarter valued at $173,669,000. Sei Investments Co. increased its position in shares of Knight-Swift Transportation by 24.7% in the first quarter. Sei Investments Co. now owns 842,644 shares of the transportation company's stock valued at $48,519,000 after buying an additional 166,919 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Knight-Swift Transportation by 38.9% in the first quarter. Principal Financial Group Inc. now owns 595,649 shares of the transportation company's stock valued at $34,297,000 after buying an additional 166,668 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Knight-Swift Transportation by 36.1% in the first quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company's stock valued at $30,160,000 after buying an additional 138,949 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX opened at $59.40 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.91. The business's fifty day moving average price is $65.15 and its two-hundred day moving average price is $66.03. The stock has a market cap of $9.67 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 0.51 and a beta of 1.20. Knight-Swift Transportation Holdings Inc. has a one year low of $41.24 and a one year high of $82.86.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Knight-Swift Transportation had a return on equity of 4.71% and a net margin of 1.92%. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KNX. JPMorgan Chase & Co. boosted their price objective on shares of Knight-Swift Transportation from $68.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Susquehanna increased their price objective on shares of Knight-Swift Transportation from $85.00 to $93.00 and gave the company a "positive" rating in a research note on Monday, October 26th. Bank of America dropped their target price on shares of Knight-Swift Transportation from $98.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, September 23rd. TD Cowen lifted their target price on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Knight-Swift Transportation from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.22.

More Knight-Swift Transportation News

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Zacks raised its FY2027 EPS estimate to $3.66 from $3.40 and its FY2028 estimate to $5.01 from $4.78. It also increased estimates for several quarters in 2027 and 2028, indicating stronger expected earnings over that period.
• Neutral Sentiment: Despite the higher forecasts, Zacks kept its rating at Hold; the estimate changes are not accompanied by a rating upgrade.
• Negative Sentiment: Zacks trimmed its Q4 2026 EPS estimate to $0.79 from $0.81, a modest near-term reduction.

Insiders Place Their Bets

In related news, CEO Reid Dove sold 126,864 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the transaction, the director owned 30,252 shares in the company, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 171,354 shares of company stock worth $12,416,002. Corporate insiders own 2.90% of the company's stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.

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