Knight-Swift Transportation (NYSE:KNX) CEO Sells 42,290 Shares of Stock

Key Points

• CEO Reid Dove sold 42,290 Knight-Swift shares at an average price of $71.49, generating approximately $3.02 million. The sale reduced his position by 25%, and he subsequently reported additional sales.
• Knight-Swift shares fell 0.8% to $72.71, while the company reported quarterly EPS of $0.63 and revenue of $2.10 billion, both ahead of analyst expectations. Third-quarter EPS guidance was set at $0.71–$0.77.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $84.44; the company also declared a quarterly dividend of $0.20 per share, yielding about 1.1%.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) CEO Reid Dove sold 42,290 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $71.49, for a total transaction of $3,023,312.10. Following the completion of the sale, the chief executive officer owned 126,864 shares of the company's stock, valued at approximately $9,069,507.36. The trade was a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Reid Dove also recently made the following trade(s):

• On Thursday, August 13th, Reid Dove sold 126,864 shares of Knight-Swift Transportation stock. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32.
• On Friday, July 31st, Reid Dove sold 50,000 shares of Knight-Swift Transportation stock. The shares were sold at an average price of $70.25, for a total transaction of $3,512,500.00.

Knight-Swift Transportation Stock Down 0.8%

Knight-Swift Transportation stock traded down $0.59 during midday trading on Friday, hitting $72.71. 590,505 shares of the stock were exchanged, compared to its average volume of 3,739,153. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The business's 50-day moving average price is $74.67 and its 200-day moving average price is $66.37. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 279.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter last year, the firm earned $0.21 EPS. The company's quarterly revenue was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 4th. Knight-Swift Transportation's dividend payout ratio (DPR) is 307.69%.

Institutional Trading of Knight-Swift Transportation

Several hedge funds have recently made changes to their positions in the company. Strs Ohio raised its stake in shares of Knight-Swift Transportation by 24.7% during the 4th quarter. Strs Ohio now owns 448,471 shares of the transportation company's stock valued at $23,446,000 after purchasing an additional 88,707 shares during the period. UBS Group AG boosted its stake in Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company's stock worth $127,087,000 after purchasing an additional 745,787 shares during the period. Comerica Bank grew its holdings in Knight-Swift Transportation by 68.7% during the 4th quarter. Comerica Bank now owns 130,638 shares of the transportation company's stock valued at $6,830,000 after buying an additional 53,183 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Knight-Swift Transportation during the 4th quarter valued at about $6,551,000. Finally, Pzena Investment Management LLC bought a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at about $66,151,000. 88.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KNX. Benchmark upped their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. UBS Group boosted their price target on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 1st. Morgan Stanley increased their price target on shares of Knight-Swift Transportation from $70.00 to $100.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an "overweight" rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.44.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc NYSE: KNX is one of North America's largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company's core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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