Knight-Swift Transportation (NYSE:KNX) CEO Sells 126,864 Shares of Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, August 12th, Reid Dove sold 42,290 shares of Knight-Swift Transportation stock. The shares were sold at an average price of $71.49, for a total value of $3,023,312.10.
• On Friday, July 31st, Reid Dove sold 50,000 shares of Knight-Swift Transportation stock. The stock was sold at an average price of $70.25, for a total value of $3,512,500.00.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded down $0.59 during midday trading on Friday, reaching $72.71. 590,505 shares of the company’s stock traded hands, compared to its average volume of 3,739,153. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $82.86. The company has a market cap of $11.83 billion, a P/E ratio of 279.31, a PEG ratio of 0.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The company has a fifty day simple moving average of $74.67 and a two-hundred day simple moving average of $66.37.

Knight-Swift Transportation (NYSE:KNX) last released 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. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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 currently 307.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KNX shares. Benchmark lifted their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a report on Thursday, July 9th. Stifel Nicolaus raised their target price on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley lifted their price target on Knight-Swift Transportation from $70.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, UBS Group boosted their price target on Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $84.44.

Institutional Trading of Knight-Swift Transportation

A number of hedge funds have recently bought and sold shares of KNX. Wellington Management Group LLP boosted its holdings in shares of Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after purchasing an additional 2,468,293 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Knight-Swift Transportation in the second quarter valued at approximately $173,669,000. Invesco Ltd. lifted its position in Knight-Swift Transportation by 513.6% during the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock worth $126,354,000 after buying an additional 2,022,996 shares in the last quarter. Norges Bank acquired a new position in Knight-Swift Transportation during the fourth quarter worth $92,070,000. Finally, Balyasny Asset Management L.P. boosted its stake in Knight-Swift Transportation by 269.7% during the third quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock worth $88,164,000 after buying an additional 1,627,791 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.