Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank reduced its holdings in Knight-Swift Transportation Holdings Inc. by 31.4%, owning 313,696 shares valued at approximately $13.64 million.
• Knight-Swift's recent earnings report showed a net margin of 2.22% and earnings per share of $0.35, surpassing analysts' expectations of $0.34.
• The company announced a quarterly dividend of $0.18 per share, with a dividend yield of 1.7%, indicating a payout ratio of 70.59%.

Swiss National Bank reduced its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 31.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,696 shares of the transportation company's stock after selling 143,500 shares during the period. Swiss National Bank owned 0.19% of Knight-Swift Transportation worth $13,643,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in 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 worth $25,000 after acquiring an additional 563 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Knight-Swift Transportation by 40.0% during the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after purchasing an additional 324 shares in the last quarter. Quarry LP boosted its stake in shares of Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after purchasing an additional 500 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Knight-Swift Transportation during the first quarter valued at approximately $118,000. Finally, Allworth Financial LP boosted its stake in shares of Knight-Swift Transportation by 38.6% during the first quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock valued at $123,000 after purchasing an additional 847 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded up $1.44 during midday trading on Tuesday, reaching $43.71. The company had a trading volume of 594,824 shares, compared to its average volume of 2,857,834. The business's 50-day simple moving average is $44.26 and its 200 day simple moving average is $44.99. The stock has a market cap of $7.09 billion, a P/E ratio of 42.86, a P/E/G ratio of 0.64 and a beta of 1.17. 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 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 posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal 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. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio (DPR) is 70.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KNX shares. UBS Group dropped their price objective on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Bank of America increased their price objective on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Susquehanna increased their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their target price for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.

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.