Seven Six Capital Management LLC Purchases 11,250 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Seven Six Capital Management LLC increased its stake in Knight-Swift Transportation by 14.5%, purchasing an additional 11,250 shares, bringing its total ownership to 88,650 shares valued at approximately $3.86 million.
• Multiple institutional investors, including Vanguard Group and AQR Capital Management, have also increased their stakes in Knight-Swift Transportation during the first quarter of the year.
• Knight-Swift Transportation recently declared a quarterly dividend of $0.18 per share, representing a 1.7% dividend yield and a payout ratio of 70.59%.

Seven Six Capital Management LLC raised its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,650 shares of the transportation company's stock after purchasing an additional 11,250 shares during the period. Knight-Swift Transportation accounts for 3.5% of Seven Six Capital Management LLC's investment portfolio, making the stock its 12th biggest position. Seven Six Capital Management LLC owned about 0.05% of Knight-Swift Transportation worth $3,855,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KNX. Jane Street Group LLC boosted its holdings in Knight-Swift Transportation by 32.6% in the 4th quarter. Jane Street Group LLC now owns 92,677 shares of the transportation company's stock valued at $4,916,000 after purchasing an additional 22,770 shares during the period. Benjamin Edwards Inc. boosted its holdings in Knight-Swift Transportation by 3.3% in the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after purchasing an additional 216 shares during the period. Bank of America Corp DE boosted its holdings in Knight-Swift Transportation by 8.4% in the 4th quarter. Bank of America Corp DE now owns 834,815 shares of the transportation company's stock valued at $44,279,000 after purchasing an additional 64,463 shares during the period. Baird Financial Group Inc. boosted its holdings in Knight-Swift Transportation by 5.8% in the 4th quarter. Baird Financial Group Inc. now owns 102,985 shares of the transportation company's stock valued at $5,462,000 after purchasing an additional 5,628 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Knight-Swift Transportation by 3.4% in the 4th quarter. Cetera Investment Advisers now owns 13,921 shares of the transportation company's stock valued at $738,000 after purchasing an additional 460 shares during the period. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 2.1%

Shares of KNX stock traded down $0.90 on Friday, hitting $42.06. 754,067 shares of the company's stock traded hands, compared to its average volume of 2,811,282. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company's fifty day simple moving average is $43.96 and its 200 day simple moving average is $43.78. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 41.25, a P/E/G ratio of 0.62 and a beta of 1.19.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its 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 quarter last year, the firm earned $0.24 EPS. The firm's quarterly revenue was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 70.59%.

Insider Activity at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction on 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 is accessible through this link. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Bank of America raised their price target on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Susquehanna lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Robert W. Baird lifted their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.19.

About Knight-Swift Transportation

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.