Knight-Swift Transportation (NYSE:KNX) Director Ploeg David Vander Sells 2,200 Shares of Stock

Key Points

• Director Ploeg David Vander sold 2,200 Knight-Swift shares at an average price of $52.33, generating $115,126; his remaining stake fell 6.78% to 30,252 shares.
• Knight-Swift shares rose 2.8% to $73.31, while the company reported quarterly EPS of $0.63, beating estimates by $0.12, and revenue increased 12.6% year over year to $2.10 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $84.44; the company also announced a quarterly dividend of $0.20 per share, a 1.1% yield.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) Director Ploeg David Vander sold 2,200 shares of the company'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 transaction, the director directly owned 30,252 shares of the company's stock, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Knight-Swift Transportation Trading Up 2.8%

NYSE:KNX traded up $2.00 during mid-day trading on Thursday, reaching $73.31. 2,627,763 shares of the company's stock traded hands, compared to its average volume of 4,162,995. Knight-Swift Transportation Holdings Inc. has a 12-month low of $38.63 and a 12-month high of $82.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50 day moving average price of $74.67 and a 200-day moving average price of $66.37. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 281.99, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The business's 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, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

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

Institutional Trading of Knight-Swift Transportation

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research downgraded Knight-Swift Transportation from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Stifel Nicolaus raised their price target on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Citizens Jmp initiated coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They set a "market outperform" rating and a $90.00 price objective for the company. Stephens raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, Citigroup raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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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