Washington Capital Management Inc. Makes New $464,000 Investment in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Washington Capital Management Inc. made a new investment of $464,000 in Knight-Swift Transportation Holdings by purchasing 10,500 shares in the second quarter.
• Several large institutional investors, including Vanguard Group Inc. and Victory Capital Management Inc., have increased their stakes in Knight-Swift Transportation, indicating strong interest in the company.
• The company's recent earnings report showed an EPS of $0.35, exceeding analysts' expectations, while revenue was slightly below consensus, reflecting a year-over-year growth of 0.8%.

Washington Capital Management Inc. purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 10,500 shares of the transportation company's stock, valued at approximately $464,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Knight-Swift Transportation by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock valued at $649,560,000 after buying an additional 515,212 shares during the period. Victory Capital Management Inc. increased its position in Knight-Swift Transportation by 4.6% in the 1st quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock valued at $362,897,000 after buying an additional 364,263 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Knight-Swift Transportation by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock valued at $331,813,000 after buying an additional 638,352 shares in the last quarter. AQR Capital Management LLC increased its position in Knight-Swift Transportation by 8,856.8% in the 1st quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock valued at $70,704,000 after buying an additional 1,628,760 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Knight-Swift Transportation by 7.2% in the 1st quarter. American Century Companies Inc. now owns 1,330,804 shares of the transportation company's stock valued at $57,877,000 after buying an additional 89,582 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup boosted their target price on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Barclays decreased their target price on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Susquehanna lowered Knight-Swift Transportation from a "positive" rating to a "neutral" rating and decreased their target price for the company from $52.00 to $43.00 in a research report on Wednesday, September 24th. Raymond James Financial boosted their target price on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 15th. Finally, Robert W. Baird lifted their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Knight-Swift Transportation has an average rating of "Moderate Buy" and an average target price of $53.13.

Knight-Swift Transportation Stock Up 1.3%

KNX stock opened at $39.63 on Monday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The stock's 50 day moving average is $42.65 and its 200-day moving average is $43.13. The firm has a market capitalization of $6.43 billion, a PE ratio of 38.86, a P/E/G ratio of 0.66 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The company's 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. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation's payout ratio is presently 70.59%.

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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