Royal Bank of Canada Sells 292,645 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Royal Bank of Canada cut its Knight-Swift Transportation stake by 64%, selling 292,645 shares and retaining 164,504 shares worth about $9.5 million. Institutional investors collectively own 88.77% of the company.
• Knight-Swift exceeded quarterly expectations with earnings of $0.63 per share and revenue of $2.10 billion, up 12.6% year over year. The company also declared a $0.20 quarterly dividend, or $0.80 annually.
• Zacks lowered several upcoming EPS forecasts, including full-year 2027 earnings to $2.65 from $3.21 and FY2028 earnings to $3.99 from $4.27, despite analysts maintaining a “Moderate Buy” consensus and an average $84.44 price target.

Royal Bank of Canada lessened its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 64.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 164,504 shares of the transportation company's stock after selling 292,645 shares during the quarter. Royal Bank of Canada owned approximately 0.10% of Knight-Swift Transportation worth $9,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Knight-Swift Transportation by 23.6% in the fourth quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company's stock worth $675,380,000 after purchasing an additional 2,468,293 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Knight-Swift Transportation by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company's stock valued at $486,995,000 after buying an additional 60,750 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Knight-Swift Transportation by 50.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company's stock worth $153,662,000 after buying an additional 984,422 shares during the period. UBS Group AG grew its position in shares of Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company's stock worth $127,087,000 after buying an additional 745,787 shares during the period. Finally, Invesco Ltd. grew its position in shares of Knight-Swift Transportation by 513.6% in the 4th quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company's stock worth $126,354,000 after buying an additional 2,022,996 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Key Knight-Swift Transportation News

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

• Positive Sentiment: Knight-Swift declared a quarterly cash dividend of $0.20 per share, payable September 21 to shareholders of record September 4. The annualized dividend is $0.80 per share, representing an indicated yield of approximately 1.2%. Knight Transportation Declares Quarterly Cash Dividend for Shareholders
• Positive Sentiment: The dividend signals ongoing shareholder returns and was not accompanied by a reduction in the payout.
• Neutral Sentiment: Zacks’ current full-year earnings consensus remains $2.42 per share, while its longer-term FY2028 forecast is $3.99 per share after revision.
• Negative Sentiment: Zacks reduced its Q3 2026 EPS forecast to $0.53 from $0.57 and Q4 2026 EPS to $0.56 from $0.71, signaling weaker near-term earnings expectations.
• Negative Sentiment: Estimates for 2027 were also lowered: Q2 EPS fell to $0.60 from $0.73, Q3 EPS to $0.77 from $1.00, Q4 EPS to $0.79 from $0.98, and full-year EPS to $2.65 from $3.21.
• Negative Sentiment: Zacks cut its Q1 2028 EPS forecast sharply to $0.34 from $0.75 and lowered FY2028 EPS to $3.99 from $4.27. The breadth and size of the reductions suggest analysts see pressure on Knight-Swift’s freight demand, pricing, or operating performance.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $70.14 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $75.29 and a 200-day moving average price of $66.00. Knight-Swift Transportation Holdings Inc. has a 52 week low of $38.63 and a 52 week high of $82.86. The firm has a market capitalization of $11.40 billion, a PE ratio of 269.76, a P/E/G ratio of 0.59 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.42 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation's dividend payout ratio (DPR) is 307.69%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 3,600 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reid Dove sold 50,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.25, for a total transaction of $3,512,500.00. Following the completion of the transaction, the director owned 169,154 shares in the company, valued at $11,883,068.50. This trade represents a 22.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KNX shares. The Goldman Sachs Group lifted their price target on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Stephens raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Wednesday, July 8th. Morgan Stanley lifted their target price on shares of Knight-Swift Transportation from $70.00 to $100.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Bank of America upped their price target on Knight-Swift Transportation from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Citizens Jmp started coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They set a "market outperform" rating and a $90.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.44.

Knight-Swift Transportation 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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