Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has reduced its stake in Knight-Swift Transportation Holdings Inc. by 69.5%, selling 198,104 shares and now holding approximately 0.05% of the company valued at $3.77 million.
• Knight-Swift Transportation reported a Q2 EPS of $0.35, exceeding estimates and achieving revenue of $1.86 billion, though slightly below expectations.
• The company declared a quarterly dividend of $0.18 per share, with a dividend yield of 1.7% and a payout ratio of 70.59%.

Raymond James Financial Inc. decreased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 69.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,792 shares of the transportation company's stock after selling 198,104 shares during the period. Raymond James Financial Inc. owned approximately 0.05% of Knight-Swift Transportation worth $3,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Knight-Swift Transportation by 7.2% in the 1st quarter. American Century Companies Inc. now owns 1,330,804 shares of the transportation company's stock worth $57,877,000 after acquiring an additional 89,582 shares during the last quarter. Ethic Inc. raised its stake in Knight-Swift Transportation by 19.9% in the 1st quarter. Ethic Inc. now owns 19,638 shares of the transportation company's stock worth $859,000 after acquiring an additional 3,262 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Knight-Swift Transportation by 8.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 41,944 shares of the transportation company's stock valued at $1,824,000 after buying an additional 3,136 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Knight-Swift Transportation by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock valued at $331,813,000 after buying an additional 638,352 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Knight-Swift Transportation during the 1st quarter valued at about $1,768,000. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded up $1.33 during trading on Thursday, reaching $42.98. 2,129,196 shares of the company's stock traded hands, compared to its average volume of 2,199,045. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.98 billion, a PE ratio of 42.14, a P/E/G ratio of 0.62 and a beta of 1.19. The company has a 50-day simple moving average of $43.96 and a 200-day simple moving average of $43.78.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the firm earned $0.24 EPS. The company's quarterly revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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. Investors of record on Friday, September 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 5th. Knight-Swift Transportation's payout ratio is presently 70.59%.

Insider Transactions at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KNX. UBS Group lowered Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $46.00 to $51.00 in a research note on Friday, September 5th. Wells Fargo & Company lifted their price objective on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Robert W. Baird lifted their price objective on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Raymond James Financial lifted their price objective on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 15th. Finally, Susquehanna lifted their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.19.

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.