Resona Asset Management Co. Ltd. Sells 47,883 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Resona Asset Management Co. Ltd. decreased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 87.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,141 shares of the transportation company's stock after selling 47,883 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Knight-Swift Transportation were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock valued at $25,000 after buying an additional 563 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Knight-Swift Transportation by 40.0% during the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after buying an additional 324 shares in the last quarter. Quarry LP grew its holdings in shares of Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after buying an additional 500 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Knight-Swift Transportation during the first quarter valued at $118,000. Finally, Allworth Financial LP grew its holdings in shares of Knight-Swift Transportation by 38.6% during the first quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock valued at $123,000 after buying an additional 847 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Up 1.6%

Shares of NYSE:KNX traded up $0.69 on Thursday, reaching $42.78. The company had a trading volume of 1,363,219 shares, compared to its average volume of 2,849,879. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The stock has a 50-day moving average price of $44.19 and a 200 day moving average price of $44.96. The stock has a market capitalization of $6.94 billion, a P/E ratio of 42.00, a P/E/G ratio of 0.65 and a beta of 1.17. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results 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. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business'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, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.7%. Knight-Swift Transportation's dividend payout ratio is presently 70.59%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their target price on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, TD Securities lowered their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two equities 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.