Waycross Partners LLC Acquires 378,016 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Waycross Partners initiated a sizable position in Knight-Swift Transportation, buying 378,016 shares worth about $24.0 million. The stock represented 1.9% of the fund’s portfolio and approximately 0.23% of the company.
• Institutional investors own 88.77% of KNX, while company insiders sold 171,354 shares worth about $12.4 million over the past 90 days.
• Knight-Swift beat quarterly earnings and revenue expectations, with revenue up 14.2% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $83.22.

Waycross Partners LLC bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 378,016 shares of the transportation company's stock, valued at approximately $24,038,000. Knight-Swift Transportation makes up 1.9% of Waycross Partners LLC's investment portfolio, making the stock its 25th biggest holding. Waycross Partners LLC owned approximately 0.23% of Knight-Swift Transportation at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KNX. MCF Advisors LLC increased its position in shares of Knight-Swift Transportation by 55.8% in the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company's stock valued at $53,000 after buying an additional 242 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in shares of Knight-Swift Transportation during the 3rd quarter worth $53,000. Heritage Family Offices LLP purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth about $66,000. Root Financial Partners LLC purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth about $94,000. Finally, Bessemer Group Inc. boosted its position in shares of Knight-Swift Transportation by 280.2% in the 1st quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company's stock worth $122,000 after buying an additional 1,569 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director David Vander Ploeg sold 2,200 shares of the firm's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the sale, the director directly owned 30,252 shares of the company's stock, valued at $1,583,087.16. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 171,354 shares of company stock worth $12,416,002. 2.90% of the stock is owned by insiders.

Trending Headlines about Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $2.55 from $2.45 and lifted estimates for FY2027 and FY2028 to $3.66 and $5.01, respectively. The upgrades suggest better longer-term earnings expectations, although Zacks maintained a Hold rating. Knight-Swift stock coverage
• Neutral Sentiment: The company kept its quarterly cash dividend at $0.20 per share, payable Dec. 21 to shareholders of record Dec. 7. The steady payout supports income investors but is not an increase. Dividend announcement
• Negative Sentiment: Zacks trimmed its Q4 2026 EPS estimate to $0.79 from $0.81, a modest near-term downgrade that partly offsets the broader upward revisions.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup reissued a "market outperform" rating on shares of Knight-Swift Transportation in a research note on Thursday, October 22nd. Sanford C. Bernstein assumed coverage on shares of Knight-Swift Transportation in a research report on Thursday, September 10th. They set an "outperform" rating and a $91.00 target price for the company. UBS Group reaffirmed a "buy" rating on shares of Knight-Swift Transportation in a report on Thursday, October 22nd. Wall Street Zen upgraded shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating in a research report on Saturday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Knight-Swift Transportation from $68.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $83.22.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded down $1.09 on Friday, hitting $58.38. The company had a trading volume of 4,213,853 shares, compared to its average volume of 3,610,356. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52-week low of $41.24 and a 52-week high of $82.86. The business has a 50 day moving average of $64.94 and a 200 day moving average of $66.05. The company has a market cap of $9.50 billion, a PE ratio of 62.77, a PEG ratio of 0.51 and a beta of 1.20.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The transportation company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Knight-Swift Transportation had a return on equity of 4.71% and a net margin of 1.92%. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter last year, the business posted $0.32 EPS. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.47 earnings per share for the current fiscal year.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.

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