Knight-Swift Transportation (NYSE:KNX) Director Reid Dove Sells 50,000 Shares of Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Reid Dove sold 50,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.25, for a total value of $3,512,500.00. Following the completion of the transaction, the director owned 169,154 shares in the company, valued at $11,883,068.50. The trade was a 22.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Knight-Swift Transportation Price Performance

KNX traded down $0.21 during trading on Friday, reaching $69.59. 4,570,095 shares of the company traded hands, compared to its average volume of 3,805,160. The company has a market cap of $11.31 billion, a P/E ratio of 267.68, a PEG ratio of 0.60 and a beta of 1.18. The firm has a fifty day simple moving average of $75.65 and a 200 day simple moving average of $65.45. 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 quick ratio of 0.70 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $0.21 EPS. Knight-Swift Transportation’s revenue for the quarter 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, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Institutional Trading of Knight-Swift Transportation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its stake in shares of Knight-Swift Transportation by 23.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after buying an additional 1,124 shares during the period. Focus Partners Wealth purchased a new position in Knight-Swift Transportation in the first quarter worth approximately $451,000. Cetera Investment Advisers increased its position in shares of Knight-Swift Transportation by 6.9% during the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after purchasing an additional 882 shares during the last quarter. Invesco Ltd. raised its stake in shares of Knight-Swift Transportation by 57.7% in the 2nd quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock valued at $48,110,000 after acquiring an additional 398,116 shares during the period. Finally, First Trust Advisors LP lifted its stake in Knight-Swift Transportation by 54.3% during the second quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock worth $21,748,000 after purchasing an additional 172,956 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KNX. The Goldman Sachs Group increased their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Bank of America raised their target price on shares of Knight-Swift Transportation from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. UBS Group raised their price objective on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Benchmark upped their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Stifel Nicolaus lifted their target price on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $84.44.

About Knight-Swift Transportation

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.