Lecap Asset Management Ltd. Sells 52,704 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Lecap Asset Management Ltd. sold 52,704 shares of Knight-Swift Transportation Holdings Inc., reducing its holdings by 57.7% to 38,568 shares valued at approximately $1.71 million.
• The company reported earnings of $0.35 per share, exceeding analysts' expectations, and its revenue for the quarter was $1.86 billion, slightly below estimates.
• Knight-Swift Transportation recently announced a quarterly dividend of $0.18 per share, contributing to an annualized yield of 1.8%.

Lecap Asset Management Ltd. lessened its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 57.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,568 shares of the transportation company's stock after selling 52,704 shares during the period. Lecap Asset Management Ltd.'s holdings in Knight-Swift Transportation were worth $1,706,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Washington Capital Management Inc. purchased a new position in shares of Knight-Swift Transportation during the second quarter valued at approximately $464,000. Signaturefd LLC boosted its position in shares of Knight-Swift Transportation by 31.8% during the second quarter. Signaturefd LLC now owns 3,044 shares of the transportation company's stock valued at $135,000 after buying an additional 734 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Knight-Swift Transportation by 1.3% during the second quarter. Public Employees Retirement System of Ohio now owns 52,624 shares of the transportation company's stock valued at $2,328,000 after buying an additional 697 shares during the period. Bfsg LLC boosted its position in shares of Knight-Swift Transportation by 17.5% during the second quarter. Bfsg LLC now owns 32,099 shares of the transportation company's stock valued at $1,420,000 after buying an additional 4,777 shares during the period. Finally, CHICAGO TRUST Co NA purchased a new position in shares of Knight-Swift Transportation during the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Down 1.3%

Shares of NYSE KNX opened at $38.99 on Thursday. The stock has a 50 day moving average price of $42.32 and a 200 day moving average price of $43.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 0.66 and a beta of 1.14. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its 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. The company 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%.Knight-Swift Transportation's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.8%. Knight-Swift Transportation's dividend payout ratio is currently 70.59%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup boosted their target price on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. 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 report on Friday, July 25th. Susquehanna lowered Knight-Swift Transportation from a "positive" rating to a "neutral" rating and lowered their price target for the company from $52.00 to $43.00 in a report on Wednesday, September 24th. Barclays lowered their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.00.

Insiders Place Their Bets

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

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.

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