Petrus Trust Company LTA Invests $464,000 in Knight-Swift Transportation Holdings Inc. $KNX

Petrus Trust Company LTA bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,671 shares of the transportation company's stock, valued at approximately $464,000.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after buying an additional 563 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after buying an additional 310 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after buying an additional 324 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Knight-Swift Transportation in the 1st quarter worth approximately $111,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Knight-Swift Transportation in the 1st quarter worth approximately $118,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Trading Down 2.9%

KNX traded down $1.25 during mid-day trading on Friday, reaching $41.70. The stock had a trading volume of 1,792,455 shares, compared to its average volume of 2,191,356. The stock has a market capitalization of $6.77 billion, a P/E ratio of 40.88, a P/E/G ratio of 0.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The firm's fifty day simple moving average is $43.85 and its two-hundred day simple moving average is $43.68. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company 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. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 70.59%.

Analyst Ratings Changes

KNX has been the subject of a number of recent research reports. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Bank of America raised their price target on Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Citigroup raised their price target on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Robert W. Baird raised their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Raymond James Financial raised their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has an average rating of "Moderate Buy" and an average price target of $54.19.

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.