Pallas Capital Advisors LLC Trims Stake in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Pallas Capital Advisors LLC has reduced its stake in Knight-Swift Transportation Holdings Inc. by 44.4%, now holding shares valued at $551,000 after selling 9,934 shares in the second quarter.
• Several institutional investors have significantly increased their holdings in Knight-Swift Transportation, including Larson Financial Group LLC, which raised its position by 9,383.3%.
• The company has recently seen a mix of analyst ratings, with Goldman Sachs upgrading the stock from a "neutral" rating to a "buy" and raising their price target from $45.00 to $65.00.

Pallas Capital Advisors LLC reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 44.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,464 shares of the transportation company's stock after selling 9,934 shares during the period. Pallas Capital Advisors LLC's holdings in Knight-Swift Transportation were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KNX. Cerity Partners LLC raised its holdings in Knight-Swift Transportation by 611.7% during the 1st quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock valued at $1,482,000 after buying an additional 29,286 shares during the period. Aviance Capital Partners LLC grew its position in Knight-Swift Transportation by 6.3% in the 1st quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock valued at $4,824,000 after acquiring an additional 6,592 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Knight-Swift Transportation by 668.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock valued at $1,511,000 after acquiring an additional 30,219 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Knight-Swift Transportation by 533.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock valued at $1,462,000 after acquiring an additional 28,311 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Knight-Swift Transportation by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock valued at $824,000 after acquiring an additional 510 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock traded down $0.53 on Monday, reaching $39.51. 2,859,270 shares of the stock were exchanged, compared to its average volume of 2,823,034. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 0.60 and a beta of 1.19. The business has a 50 day moving average price of $43.26 and a two-hundred day moving average price of $43.38.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping 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 firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company'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 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. Investors of record on Friday, September 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.8%. Knight-Swift Transportation's payout ratio is 70.59%.

Analysts Set New Price Targets

Several brokerages have commented on KNX. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Wells Fargo & Company increased their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Raymond James Financial increased their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. 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. Finally, Bank of America raised their price objective 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. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of "Moderate Buy" and a consensus price target of $54.19.

Insiders Place Their Bets

In related news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company's stock.

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.