Next Century Growth Investors LLC Sells 42,907 Shares of 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 lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 25.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,559 shares of the transportation company's stock after selling 42,907 shares during the period. Next Century Growth Investors LLC owned about 0.08% of Knight-Swift Transportation worth $5,548,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of KNX. Interval Partners LP raised its holdings in Knight-Swift Transportation by 320.7% during the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after acquiring an additional 1,337,727 shares in the last quarter. SG Americas Securities LLC raised its stake in Knight-Swift Transportation by 54,434.0% in the first quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock valued at $48,003,000 after buying an additional 1,101,744 shares during the period. Junto Capital Management LP bought a new stake in Knight-Swift Transportation in the fourth quarter valued at approximately $34,355,000. Dimensional Fund Advisors LP raised its stake in Knight-Swift Transportation by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock valued at $331,813,000 after buying an additional 638,352 shares during the period. Finally, Vanguard Group Inc. raised its stake in Knight-Swift Transportation by 3.6% in the first quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock valued at $649,560,000 after buying an additional 515,212 shares during the period. Institutional investors own 88.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KNX shares. Barclays decreased 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. Susquehanna upped their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research report on Tuesday, June 24th. Bank of America upped their target price on Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and upped their target price for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, Robert W. Baird upped 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.88.

Knight-Swift Transportation Trading Down 0.5%

Shares of NYSE:KNX opened at $44.23 on Thursday. The business's 50 day simple moving average is $44.28 and its 200 day simple moving average is $44.56. 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 Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a market capitalization of $7.18 billion, a P/E ratio of 43.36, a P/E/G ratio of 0.67 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The company's quarterly revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.6%. 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.

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