Wealth Enhancement Advisory Services LLC Sells 10,111 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its holdings in Knight-Swift Transportation Holdings Inc. by 29.1%, selling 10,111 shares during the second quarter, leaving them with 24,632 shares valued at approximately $1.17 million.
• Institutional investors hold 88.77% of Knight-Swift's stock, with several hedge funds recently increasing their positions in the company.
• Analysts have mixed views on Knight-Swift's stock, with recent price target reductions by firms like Bank of America and UBS, while JPMorgan Chase raised its target, reflecting varied perspectives on the company's performance.

Wealth Enhancement Advisory Services LLC cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 29.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,632 shares of the transportation company's stock after selling 10,111 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Knight-Swift Transportation were worth $1,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KNX. Parallel Advisors LLC boosted its position in shares of Knight-Swift Transportation by 86.0% during the second quarter. Parallel Advisors LLC now owns 4,430 shares of the transportation company's stock worth $196,000 after purchasing an additional 2,048 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Knight-Swift Transportation by 3.6% during the first quarter. Voya Investment Management LLC now owns 21,288 shares of the transportation company's stock worth $926,000 after purchasing an additional 738 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Knight-Swift Transportation by 98.8% during the first quarter. Inspire Investing LLC now owns 15,049 shares of the transportation company's stock worth $654,000 after purchasing an additional 7,479 shares in the last quarter. Strs Ohio bought a new position in shares of Knight-Swift Transportation during the first quarter worth $20,123,000. Finally, Focus Partners Wealth bought a new position in shares of Knight-Swift Transportation during the first quarter worth $451,000. 88.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America reduced their price target on shares of Knight-Swift Transportation from $49.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 24th. UBS Group cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $46.00 to $51.00 in a research report on Friday, September 5th. Susquehanna cut shares of Knight-Swift Transportation from a "positive" rating to a "neutral" rating and reduced their price target for the stock from $52.00 to $43.00 in a research report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Barclays dropped their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.00.

Insider Activity 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 shares were sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX opened at $38.99 on Thursday. The firm has a 50 day moving average of $42.32 and a 200-day moving average of $43.03. The stock has a market capitalization of $6.33 billion, a PE ratio of 38.23, a PEG ratio of 0.66 and a beta of 1.14. 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 Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company 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 revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were given a $0.18 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.8%. Knight-Swift Transportation's payout ratio is presently 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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