Resona Asset Management Co. Ltd. Acquires 1,289 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Resona Asset Management Co. Ltd. raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,430 shares of the transportation company’s stock after acquiring an additional 1,289 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Knight-Swift Transportation were worth $373,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KNX. Bank of New York Mellon Corp grew its holdings in shares of Knight-Swift Transportation by 72.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock valued at $95,558,000 after purchasing an additional 904,903 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Knight-Swift Transportation by 6.7% during the second quarter. Bank of Montreal Can now owns 32,250 shares of the transportation company’s stock worth $1,426,000 after buying an additional 2,037 shares during the last quarter. South Dakota Investment Council increased its holdings in shares of Knight-Swift Transportation by 14.5% during the second quarter. South Dakota Investment Council now owns 98,582 shares of the transportation company’s stock worth $4,360,000 after buying an additional 12,500 shares in the last quarter. Versor Investments LP lifted its stake in shares of Knight-Swift Transportation by 38.9% in the 2nd quarter. Versor Investments LP now owns 24,016 shares of the transportation company’s stock valued at $1,062,000 after acquiring an additional 6,724 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in shares of Knight-Swift Transportation by 6.2% in the 2nd quarter. Atria Investments Inc now owns 45,401 shares of the transportation company’s stock valued at $2,008,000 after acquiring an additional 2,660 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

KNX stock opened at $44.35 on Wednesday. The firm has a market cap of $7.20 billion, a PE ratio of 50.40, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $43.18 and a 200-day moving average price of $43.63. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.6%. Knight-Swift Transportation’s dividend payout ratio is currently 81.82%.

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the completion of the sale, the chief accounting officer directly owned 5,644 shares in the company, valued at $254,205.76. This trade represents a 43.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael K. Liu sold 3,420 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley reduced their price objective on Knight-Swift Transportation from $68.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. TD Cowen raised their price objective on shares of Knight-Swift Transportation from $44.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Evercore ISI cut their target price on shares of Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Knight-Swift Transportation in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Knight-Swift Transportation from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.29.

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.