Knight-Swift Transportation Holdings Inc. $KNX Stock: Fortitude Family Office LLC Trims Holdings

Key Points

• Fortitude Family Office LLC cut its Knight-Swift Transportation stake by 94.7% in the third quarter, selling 30,288 shares and retaining 1,697 shares valued at approximately $108,000.
• Institutional ownership remains high at 88.77%, with several investors—including Baird Financial, SEI Investments and Principal Financial—adding to their positions.
• Knight-Swift reported quarterly EPS of $0.63, beating estimates of $0.51, while analysts maintain a “Moderate Buy” consensus with an average price target of $82.83 versus the reported $65.31 share price.

Fortitude Family Office LLC trimmed its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 94.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,697 shares of the transportation company's stock after selling 30,288 shares during the quarter. Fortitude Family Office LLC's holdings in Knight-Swift Transportation were worth $108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in Knight-Swift Transportation during the 2nd quarter valued at $173,669,000. Encompass Capital Advisors LLC acquired a new position in Knight-Swift Transportation during the 1st quarter worth $28,790,000. Baird Financial Group Inc. boosted its position in Knight-Swift Transportation by 152.4% during the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company's stock worth $33,175,000 after acquiring an additional 257,256 shares during the period. Sei Investments Co. grew its stake 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 worth $48,519,000 after purchasing an additional 166,919 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake 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 worth $34,297,000 after purchasing an additional 166,668 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $65.31 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $41.24 and a 52 week high of $82.86. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market cap of $10.63 billion, a PE ratio of 251.19, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. The company's 50-day moving average price is $67.69 and its two-hundred day moving average price is $69.42.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.46 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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

Insider Activity

In other news, CEO Reid Dove sold 126,864 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Vander Ploeg sold 2,200 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was 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 of the company's stock, valued at approximately $1,583,087.16. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 224,954 shares of company stock valued at $16,183,454 over the last three months. Insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen raised their price target on Knight-Swift Transportation from $82.00 to $86.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Raymond James Financial upped their price objective on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 2nd. Stephens raised shares of Knight-Swift Transportation to a "strong-buy" rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $84.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, October 5th. Finally, Wells Fargo & Company decreased their target price on shares of Knight-Swift Transportation from $86.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and an average target price of $82.83.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc NYSE: KNX is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.

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