Truist Financial Corp Has $2.66 Million Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Truist Financial Corp has reduced its stake in Knight-Swift Transportation by 28.9%, holding $2.66 million worth of shares after selling 24,435 shares in the second quarter.
• Several institutional investors have significantly increased their stakes in Knight-Swift Transportation, with Larson Financial Group's stake growing by 9,383.3% in the first quarter.
• Analysts have mixed outlooks on Knight-Swift Transportation, with price targets being adjusted; Deutsche Bank raised it to $53.00, while Bank of America cut it to $41.00.

Truist Financial Corp cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 28.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,026 shares of the transportation company's stock after selling 24,435 shares during the period. Truist Financial Corp's holdings in Knight-Swift Transportation were worth $2,655,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of KNX. Larson Financial Group LLC grew its stake in shares of Knight-Swift Transportation by 9,383.3% in the first 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 in the last quarter. Brooklyn Investment Group grew its stake in shares of Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Knight-Swift Transportation by 40.0% in the first 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 in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in Knight-Swift Transportation during the second quarter worth about $55,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Knight-Swift Transportation during the first quarter worth about $111,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KNX shares. Deutsche Bank Aktiengesellschaft raised shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating and upped their price objective for the stock from $43.00 to $53.00 in a research report on Thursday, October 2nd. Barclays cut their price objective on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Bank of America cut their price objective on shares of Knight-Swift Transportation from $49.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, September 24th. Stifel Nicolaus raised shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating and cut their price objective for the stock from $47.00 to $45.00 in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Knight-Swift Transportation from $52.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.94.

Knight-Swift Transportation Stock Down 2.5%

Shares of NYSE KNX opened at $44.73 on Friday. The company has a 50 day simple moving average of $42.21 and a 200 day simple moving average of $42.93. The firm has a market cap of $7.26 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14. 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.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Knight-Swift Transportation's dividend payout ratio is currently 70.59%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company's stock.

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.

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