Triton Wealth Management PLLC Purchases Shares of 531,122 Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Triton Wealth Management PLLC acquired 531,122 shares of Knight-Swift Transportation Holdings Inc., valued at approximately $24.19 million, making it the company's second-largest holding at 10.4% of their investment portfolio.
• Institutional investors, including Vanguard Group and AQR Capital Management, significantly increased their stakes in Knight-Swift, with institutional ownership totaling 88.77%.
• Knight-Swift recently declared a quarterly dividend of $0.18 per share, reflecting an annualized yield of 1.6%, while the company has placed its Q3 2025 EPS guidance between 0.360 and 0.420.

Triton Wealth Management PLLC purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 531,122 shares of the transportation company's stock, valued at approximately $24,193,000. Knight-Swift Transportation makes up 10.4% of Triton Wealth Management PLLC's investment portfolio, making the stock its 2nd biggest holding. Triton Wealth Management PLLC owned about 0.33% of Knight-Swift Transportation at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KNX. Vanguard Group Inc. increased its stake in shares of Knight-Swift Transportation by 3.6% in the first quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock worth $649,560,000 after acquiring an additional 515,212 shares during the period. Victory Capital Management Inc. increased its stake in shares of Knight-Swift Transportation by 4.6% in the first quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock worth $362,897,000 after acquiring an additional 364,263 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Knight-Swift Transportation by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock worth $331,813,000 after acquiring an additional 638,352 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Knight-Swift Transportation by 8.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,595,397 shares of the transportation company's stock worth $165,712,000 after acquiring an additional 268,761 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Knight-Swift Transportation by 8,856.8% in the first quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock worth $70,704,000 after acquiring an additional 1,628,760 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm'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 filing with the SEC, which is available through this link. Corporate insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on KNX shares. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Citigroup lowered their price target on shares of Knight-Swift Transportation from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Monday. Weiss Ratings reissued a "sell (d+)" rating on shares of Knight-Swift Transportation in a report on Wednesday, October 8th. UBS Group downgraded shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and increased their price target for the stock from $46.00 to $51.00 in a report on Friday, September 5th. Finally, Robert W. Baird increased their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.12.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $43.67 on Wednesday. The company's 50-day moving average price is $42.27 and its 200-day moving average price is $42.90. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.09 billion, a P/E ratio of 42.82, a P/E/G ratio of 0.74 and a beta of 1.14. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51.

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 for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 70.59%.

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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