Scientech Research LLC Invests $968,000 in Knight-Swift Transportation Holdings Inc. $KNX

Scientech Research LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,262 shares of the transportation company's stock, valued at approximately $968,000.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position 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 valued at $25,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group increased its position 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 valued at $28,000 after acquiring an additional 310 shares during the period. UMB Bank n.a. increased its position 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 valued at $49,000 after acquiring an additional 324 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at $111,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at $118,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

NYSE:KNX traded down $1.25 during mid-day trading on Friday, hitting $41.70. The company's stock had a trading volume of 1,792,455 shares, compared to its average volume of 2,191,356. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 0.64 and a beta of 1.19. The business's fifty day moving average is $43.85 and its two-hundred day moving average is $43.68.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm's 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. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS 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 22nd. Stockholders of record on Friday, September 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio is presently 70.59%.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KNX. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and upped their target price for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Raymond James Financial upped their target price on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 15th. Robert W. Baird upped their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Barclays lowered their price target on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and an average target price of $54.19.

Knight-Swift Transportation 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.