Sequoia Financial Advisors LLC Raises Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Sequoia Financial Advisors LLC has increased its stake in Knight-Swift Transportation Holdings Inc. by 151.4%, owning 11,946 shares valued at approximately $528,000.
• The company's quarterly earnings showed a profit of $0.35 EPS, exceeding estimates, with a year-over-year revenue increase of 0.8% to $1.86 billion.
• Knight-Swift Transportation recently announced a quarterly dividend of $0.18 per share, resulting in an annualized yield of 1.5%.

Sequoia Financial Advisors LLC lifted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 151.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,946 shares of the transportation company's stock after acquiring an additional 7,194 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Knight-Swift Transportation were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in Knight-Swift Transportation by 8.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,595,397 shares of the transportation company's stock worth $165,712,000 after purchasing an additional 268,761 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Knight-Swift Transportation by 20.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,811 shares of the transportation company's stock valued at $832,000 after buying an additional 3,256 shares during the period. IFP Advisors Inc grew its position in shares of Knight-Swift Transportation by 21.3% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company's stock worth $96,000 after buying an additional 379 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Knight-Swift Transportation during the second quarter worth approximately $213,000. Finally, Tectonic Advisors LLC raised its holdings in Knight-Swift Transportation by 3.2% in the second quarter. Tectonic Advisors LLC now owns 64,712 shares of the transportation company's stock valued at $2,862,000 after acquiring an additional 1,997 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Up 0.1%

Knight-Swift Transportation stock opened at $47.07 on Monday. The stock has a 50 day moving average of $42.54 and a two-hundred day moving average of $42.96. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 0.81 and a beta of 1.14. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $0.24 earnings per share. The company's revenue for the quarter 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, research analysts expect 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 announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation's payout ratio is presently 70.59%.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on shares of Knight-Swift Transportation from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. UBS Group lowered Knight-Swift Transportation from a "buy" rating to a "neutral" rating and increased their target price for the company from $46.00 to $51.00 in a report on Friday, September 5th. Raymond James Financial raised their price target on Knight-Swift Transportation from $55.00 to $59.00 and gave the company a "strong-buy" rating in a research note on Tuesday, October 14th. Evercore ISI lowered their price objective on Knight-Swift Transportation from $47.00 to $42.00 and set an "in-line" rating for the company in a research report on Tuesday, September 30th. Finally, Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.65.

Insiders Place Their Bets

In related news, EVP Michael K. Liu sold 3,420 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.00% of the company's stock.

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.

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