Massachusetts Financial Services Co. MA Sells 590,253 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Massachusetts Financial Services cut its stake in Knight‑Swift by 58.3%, selling 590,253 shares and leaving it with 421,378 shares (about 0.26% of the company) valued at roughly $22.0 million.
• Wall Street sentiment has turned generally positive with multiple upgrades (Citigroup, Evercore, UBS), an average rating of “Moderate Buy” and an average price target of $62.11.
• Insiders sold a total of 42,930 shares worth $2.58 million over the last quarter (insiders now own 2.9%), while the company raised its quarterly dividend to $0.20 (1.3% yield) despite a recent quarterly EPS and revenue miss.

Massachusetts Financial Services Co. MA lessened its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 58.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,378 shares of the transportation company's stock after selling 590,253 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.26% of Knight-Swift Transportation worth $22,030,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Knight-Swift Transportation by 1,478.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company's stock valued at $35,000 after purchasing an additional 828 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Knight-Swift Transportation by 111.3% during the 3rd quarter. Versant Capital Management Inc now owns 936 shares of the transportation company's stock valued at $37,000 after purchasing an additional 493 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Knight-Swift Transportation by 7,100.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company's stock valued at $37,000 after purchasing an additional 923 shares in the last quarter. MMA Asset Management LLC bought a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at about $41,000. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Knight-Swift Transportation by 68.7% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 2,087 shares of the transportation company's stock valued at $82,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KNX shares. Citigroup upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and set a $64.00 price objective on the stock in a report on Friday, March 13th. Evercore upgraded Knight-Swift Transportation from an "in-line" rating to an "outperform" rating and set a $65.00 price objective on the stock in a report on Friday, March 27th. UBS Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $54.00 to $66.00 in a report on Wednesday, March 18th. Stephens cut their price objective on Knight-Swift Transportation from $65.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, January 22nd. Finally, Weiss Ratings cut Knight-Swift Transportation from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.11.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, COO James L. Fitzsimmons sold 5,917 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total transaction of $324,074.09. Following the transaction, the chief operating officer owned 8,716 shares of the company's stock, valued at $477,375.32. The trade was a 40.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael K. Liu sold 1,243 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total value of $75,661.41. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 42,930 shares of company stock worth $2,581,186. 2.90% of the stock is currently owned by insiders.

Knight-Swift Transportation Trading Down 0.8%

NYSE KNX opened at $61.52 on Thursday. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 150.06, a PEG ratio of 0.93 and a beta of 1.11. The stock's 50 day moving average price is $58.41 and its two-hundred day moving average price is $52.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. Knight-Swift Transportation Holdings Inc. has a 52 week low of $37.70 and a 52 week high of $64.10.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, January 21st. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.90 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The company's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 6th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.18. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 195.12%.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc NYSE: KNX is one of North America's largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company's core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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