Wedge Capital Management L L P NC Buys 16,717 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Wedge Capital Management L L P NC has increased its stake in Knight-Swift Transportation Holdings Inc. by 7.7%, acquiring an additional 16,717 shares during the second quarter, bringing their total ownership to approximately 232,842 shares valued at about $10.3 million.
• Overall, institutional investors own 88.77% of Knight-Swift's stock, with several hedge funds, such as UMB Bank and Parallel Advisors, significantly increasing their holdings in the past quarter.
• Knight-Swift plans to distribute a quarterly dividend of $0.18 per share, with an annualized yield of 1.8%, reflecting ongoing confidence in their financial health.

Wedge Capital Management L L P NC raised its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,842 shares of the transportation company's stock after acquiring an additional 16,717 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of Knight-Swift Transportation worth $10,299,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in 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 in the last quarter. Victory Capital Management Inc. grew its stake in Knight-Swift Transportation by 4.6% during the first quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock valued at $362,897,000 after acquiring an additional 364,263 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $331,813,000 after buying an additional 638,352 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Knight-Swift Transportation by 8,856.8% during the 1st quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock worth $70,704,000 after purchasing an additional 1,628,760 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of 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 purchasing an additional 89,582 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Trading Down 3.3%

Shares of Knight-Swift Transportation stock traded down $1.35 on Friday, reaching $39.97. 3,994,561 shares of the company's stock were exchanged, compared to its average volume of 2,370,464. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The firm's 50-day moving average is $43.26 and its two-hundred day moving average is $43.38. The company has a market capitalization of $6.49 billion, a P/E ratio of 39.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89.

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

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.8%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 70.59%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Susquehanna raised their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. Bank of America upped their price target on Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Robert W. Baird lifted their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company upped their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and a consensus price target of $54.19.

Insider Activity at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

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.