Peregrine Capital Management LLC Sells 15,282 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Peregrine Capital Management trimmed its stake in Knight‑Swift by 8.5%, selling 15,282 shares in Q4 and retaining 163,800 shares worth about $8.56 million.
• Knight‑Swift reported weak Q1 results — EPS $0.09 missed the $0.29 consensus and the company swung to a first‑quarter loss with margin pressure — yet analysts have largely raised targets and the consensus rating is a “Moderate Buy” with a ~$66.71 price target, and the stock recently hit an intraday all‑time high.
• Insiders sold shares (CFO sold 5,770 and the chairman sold 30,000) while institutions own ~88.8% of the stock, and the company raised its quarterly dividend to $0.20 (annualized $0.80, ~1.2% yield).

Peregrine Capital Management LLC trimmed its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 163,800 shares of the transportation company's stock after selling 15,282 shares during the period. Peregrine Capital Management LLC owned about 0.10% of Knight-Swift Transportation worth $8,563,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KNX. Hussman Strategic Advisors Inc. bought a new stake in Knight-Swift Transportation during the third quarter worth $830,000. Victory Capital Management Inc. lifted its holdings in Knight-Swift Transportation by 0.9% during the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company's stock worth $335,682,000 after acquiring an additional 76,342 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Knight-Swift Transportation by 5.8% during the third quarter. Deprince Race & Zollo Inc. now owns 701,856 shares of the transportation company's stock worth $27,730,000 after acquiring an additional 38,474 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Knight-Swift Transportation by 21.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company's stock worth $169,826,000 after acquiring an additional 765,833 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Knight-Swift Transportation during the third quarter worth $749,000. 88.77% of the stock is owned by institutional investors.

Trending Headlines about Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Multiple brokerages raised targets and set bullish ratings (UBS to $79, TD Cowen to $78, Benchmark to $75, Stifel/Baird to ~$70), boosting investor optimism about upside. Benzinga
• Positive Sentiment: TD Cowen and other analysts highlighted industry-level positives — tighter truckload capacity, regulatory tailwinds, and potential margin improvement — supporting Buy ratings. TD Cowen / TipRanks note
• Positive Sentiment: The stock printed an all-time intraday high (reported at $66.99), which can attract momentum/technical buying. Investing.com: All-time high
• Neutral Sentiment: Knight-Swift issued its Q1 press release and held a conference call/slides for investors — useful for drilling into forward commentary and guidance. BusinessWire: Q1 release
• Neutral Sentiment: Transcript and slide deck from the earnings call are available for detail on fleet utilization, pricing, and cost pressures. Seeking Alpha: Q1 call transcript
• Negative Sentiment: Q1 headline results were weak — EPS was down year-over-year and the company reported a swing to a first-quarter loss, citing a tighter truckload market and higher fuel costs; that pressure shows up in margin compression. WSJ: First-quarter loss
• Negative Sentiment: Consensus EPS comparisons are mixed across outlets (some report a miss versus consensus), leaving near-term earnings visibility weak and keeping valuation under scrutiny. MarketBeat: Q1 recap

Analyst Upgrades and Downgrades

A number of analysts recently commented on KNX shares. Weiss Ratings upgraded Knight-Swift Transportation from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, April 15th. Robert W. Baird lifted their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a "neutral" rating in a report on Monday, January 12th. Wells Fargo & Company lifted their price target on Knight-Swift Transportation from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, April 7th. Finally, Stephens reduced their target price on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.71.

Insider Activity at Knight-Swift Transportation

In related news, CFO Joshua Smith sold 5,770 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $60.91, for a total value of $351,450.70. Following the completion of the transaction, the chief financial officer directly owned 9,214 shares of the company's stock, valued at approximately $561,224.74. This trade represents a 38.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the completion of the transaction, the chairman directly owned 1,305,347 shares of the company's stock, valued at approximately $79,626,167. This trade represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,930 shares of company stock valued at $2,581,186 over the last quarter. 2.90% of the stock is currently owned by insiders.

Knight-Swift Transportation Stock Up 2.8%

Knight-Swift Transportation stock opened at $65.74 on Friday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $37.76 and a twelve month high of $67.75. The firm has a 50 day moving average price of $59.01 and a 200-day moving average price of $53.46. The company has a market capitalization of $10.68 billion, a P/E ratio of 313.07, a P/E/G ratio of 0.95 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.44%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.95 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.18. Knight-Swift Transportation's payout ratio is currently 195.12%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc NYSE: KNX is one of North America's largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company's core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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