Nuveen LLC Buys New Stake in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Nuveen LLC has acquired a new position in Knight-Swift Transportation Holdings Inc., purchasing 487,029 shares valued at approximately $21.18 million, representing about 0.30% ownership in the company.
• Knight-Swift recently announced a quarterly dividend of $0.18 per share, reflecting a 1.7% yield, with the payout date scheduled for September 22nd.
• Despite a slight drop in stock price of 0.4%, Knight-Swift Transportation's recent earnings report showed a profit of $0.35 per share, exceeding expectations, along with a revenue of $1.86 billion.

Nuveen LLC purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 487,029 shares of the transportation company's stock, valued at approximately $21,181,000. Nuveen LLC owned approximately 0.30% of Knight-Swift Transportation as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KNX. Larson Financial Group LLC boosted 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 acquiring an additional 563 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after acquiring an additional 324 shares in the last quarter. Quarry LP boosted its stake in shares of Knight-Swift Transportation by 41.6% during the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after acquiring an additional 500 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Knight-Swift Transportation during the 1st quarter worth about $118,000. Finally, Allworth Financial LP boosted its stake in shares of Knight-Swift Transportation by 38.6% during the 1st quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock worth $123,000 after acquiring an additional 847 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KNX. TD Cowen decreased their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Citigroup boosted their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.88.

Knight-Swift Transportation Stock Performance

Shares of KNX traded up $2.23 during trading hours on Friday, reaching $44.95. 3,726,358 shares of the company traded hands, compared to its average volume of 2,861,774. The stock's fifty day moving average is $44.17 and its 200 day moving average is $44.87. The stock has a market cap of $7.30 billion, a P/E ratio of 44.07, a price-to-earnings-growth ratio of 0.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current 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.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. Knight-Swift Transportation's payout ratio is presently 70.59%.

Knight-Swift Transportation Company 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.