Modern Wealth Management LLC Trims Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Modern Wealth Management LLC significantly reduced its stake in Knight-Swift Transportation, cutting ownership by 64.1% to hold 5,404 shares valued at $235,000.
• The company reported earnings of $0.35 per share for the latest quarter, slightly exceeding analysts' expectations of $0.34.
• Knight-Swift Transportation announced a quarterly dividend of $0.18 per share, with a dividend yield of 1.7%, to be paid on September 22nd.

Modern Wealth Management LLC reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 64.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,404 shares of the transportation company's stock after selling 9,638 shares during the quarter. Modern Wealth Management LLC's holdings in Knight-Swift Transportation were worth $235,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Larson Financial Group LLC grew its stake in shares of Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after purchasing an additional 563 shares during the period. Brooklyn Investment Group lifted its stake in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. boosted its holdings in 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 worth $49,000 after buying an additional 324 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Knight-Swift Transportation during the first quarter valued at $111,000. Finally, Neo Ivy Capital Management purchased a new position in Knight-Swift Transportation in the first quarter valued at $118,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Trading Down 0.3%

KNX opened at $41.57 on Tuesday. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19. The company's 50 day simple moving average is $43.76 and its two-hundred day simple moving average is $43.58. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The business's 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. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

KNX has been the topic of a number of analyst reports. Barclays dropped their target price on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their price objective 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 raised Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Citigroup increased 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.19.

Knight-Swift Transportation Profile

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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