Public Employees Retirement System of Ohio Invests $3.81 Million in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Public Employees Retirement System of Ohio acquired 48,944 Knight-Swift Transportation shares worth approximately $3.81 million in the second quarter. Institutional investors collectively own 88.77% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $83.89; several firms recently raised their targets to between $84 and $91.
• Knight-Swift reported quarterly EPS of $0.63, exceeding estimates of $0.51, while revenue rose 12.6% year over year to $2.10 billion. The company also declared a quarterly dividend of $0.20 per share, representing a 1.2% yield.

Public Employees Retirement System of Ohio acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,944 shares of the transportation company's stock, valued at approximately $3,811,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company's stock valued at $31,000 after purchasing an additional 301 shares during the period. Clearstead Advisors LLC increased its holdings in shares of Knight-Swift Transportation by 134.6% during the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company's stock worth $35,000 after purchasing an additional 385 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Knight-Swift Transportation by 1,478.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company's stock worth $35,000 after purchasing an additional 828 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Knight-Swift Transportation during the fourth quarter valued at about $39,000. Finally, Fifth Third Bancorp raised its position in shares of Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company's stock valued at $45,000 after buying an additional 267 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Insider Buying and Selling

In related news, Director David Vander Ploeg sold 2,200 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the transaction, the director directly owned 30,252 shares of the company's stock, valued at $1,583,087.16. This trade represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cary Flanagan sold 3,600 shares of the business's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the transaction, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 224,954 shares of company stock worth $16,183,454 in the last quarter. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Knight-Swift Transportation from $77.00 to $84.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Benchmark raised their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Raymond James Financial lifted their price objective on Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 2nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Knight-Swift Transportation in a report on Monday, July 13th. Finally, Wall Street Zen cut shares of Knight-Swift Transportation from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.89.

Knight-Swift Transportation Trading Up 3.1%

KNX stock opened at $69.52 on Friday. Knight-Swift Transportation Holdings Inc. has a 1-year low of $38.63 and a 1-year high of $82.86. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The business's 50 day moving average is $72.29 and its 200-day moving average is $67.55. The firm has a market cap of $11.32 billion, a P/E ratio of 267.39, a P/E/G ratio of 0.56 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. Knight-Swift Transportation's quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.49 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 21st. Stockholders of record on Friday, September 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Knight-Swift Transportation's dividend payout ratio is presently 307.69%.

About Knight-Swift Transportation

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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