Next Century Growth Investors LLC Cuts Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Next Century Growth Investors LLC reduced its stake in Knight-Swift Transportation by 25.2%, selling 42,907 shares, leaving it with 127,559 shares valued at approximately $5.5 million.
• Several institutional investors increased their stakes in Knight-Swift Transportation, with Interval Partners LP raising its holdings by 320.7% and SG Americas Securities LLC by an extraordinary 54,434.0%.
• Analysts have mixed opinions on KNX stock, with target price changes including Barclays cutting from $58 to $55, while Goldman Sachs upgraded its rating and raised the target price from $45 to $65.

Next Century Growth Investors LLC reduced its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,559 shares of the transportation company's stock after selling 42,907 shares during the quarter. Next Century Growth Investors LLC owned about 0.08% of Knight-Swift Transportation worth $5,548,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in Knight-Swift Transportation by 9,383.3% in the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after purchasing an additional 563 shares in the last quarter. Brooklyn Investment Group increased its holdings in Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after purchasing an additional 310 shares in the last quarter. UMB Bank n.a. increased its holdings in Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares in the last quarter. Quarry LP increased its holdings in Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after purchasing an additional 500 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Knight-Swift Transportation in the first quarter worth approximately $111,000. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Down 1.8%

Shares of NYSE:KNX traded down $0.81 during mid-day trading on Tuesday, hitting $43.10. 447,664 shares of the company traded hands, compared to its average volume of 2,829,124. The stock has a market cap of $6.99 billion, a P/E ratio of 42.25, a P/E/G ratio of 0.66 and a beta of 1.19. 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 Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The stock has a 50-day moving average price of $44.32 and a two-hundred day moving average price of $44.21.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on KNX. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Susquehanna raised their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. Robert W. Baird raised their price objective 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. Citigroup raised their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial raised their price objective on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 15th. Two 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. Based on data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.88.

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.