Modern Wealth Management LLC Cuts Stock Holdings 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 lessened its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 64.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in Knight-Swift Transportation by 3.4% in the 4th quarter. Cetera Investment Advisers now owns 13,921 shares of the transportation company's stock worth $738,000 after purchasing an additional 460 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in Knight-Swift Transportation by 20.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,713 shares of the transportation company's stock worth $356,000 after acquiring an additional 1,120 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Knight-Swift Transportation by 13.9% in the fourth quarter. Nuveen Asset Management LLC now owns 469,278 shares of the transportation company's stock worth $24,891,000 after buying an additional 57,255 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Knight-Swift Transportation by 6.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,371 shares of the transportation company's stock valued at $391,000 after buying an additional 459 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Knight-Swift Transportation by 3.7% in the fourth quarter. Toronto Dominion Bank now owns 21,143 shares of the transportation company's stock worth $1,121,000 after acquiring an additional 759 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company boosted their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Susquehanna upped their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. Finally, UBS Group downgraded shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and increased their target price for the stock from $46.00 to $51.00 in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average price target of $54.19.

Insider Buying and Selling at Knight-Swift Transportation

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

Knight-Swift Transportation Stock Down 3.3%

Shares of NYSE:KNX traded down $1.35 during trading on Friday, hitting $39.97. 3,994,561 shares of the company were exchanged, compared to its average volume of 2,357,054. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 39.19, a P/E/G ratio of 0.62 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The firm has a fifty day moving average price of $43.26 and a two-hundred day moving average price of $43.46. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30.

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 business had revenue of $1.86 billion for 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%.The firm's revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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

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.