17,340 Knight-Swift Transportation Holdings Inc. $KNX Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. raised its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 173.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,315 shares of the transportation company’s stock after purchasing an additional 17,340 shares during the quarter. New England Research & Management Inc.’s holdings in Knight-Swift Transportation were worth $1,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triasima Portfolio Management inc. acquired a new stake in shares of Knight-Swift Transportation during the third quarter worth $546,000. Assenagon Asset Management S.A. acquired a new position in shares of Knight-Swift Transportation in the 3rd quarter valued at $29,990,000. Krilogy Financial LLC increased its position in shares of Knight-Swift Transportation by 14.7% in the 3rd quarter. Krilogy Financial LLC now owns 4,839 shares of the transportation company’s stock valued at $312,000 after acquiring an additional 622 shares during the period. GAMMA Investing LLC raised its stake in Knight-Swift Transportation by 23.9% in the 3rd quarter. GAMMA Investing LLC now owns 5,426 shares of the transportation company’s stock worth $345,000 after acquiring an additional 1,046 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Knight-Swift Transportation by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,516 shares of the transportation company’s stock worth $160,000 after acquiring an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock traded down $0.40 during trading on Friday, hitting $64.88. 2,889,127 shares of the company’s stock were exchanged, compared to its average volume of 3,340,440. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 249.56, a PEG ratio of 0.55 and a beta of 1.21. The business has a 50-day simple moving average of $67.59 and a 200-day simple moving average of $69.39. Knight-Swift Transportation Holdings Inc. has a 52-week low of $41.24 and a 52-week high of $82.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates 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 was up 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.46 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, September 4th. Knight-Swift Transportation’s payout ratio is 307.69%.

Insider Activity

In related news, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the sale, the director directly owned 30,252 shares in the company, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 224,954 shares of company stock valued at $16,183,454 in the last quarter. 2.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KNX has been the subject of a number of research reports. Raymond James Financial lifted their price target on Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 2nd. Morgan Stanley set a $90.00 price objective on Knight-Swift Transportation in a report on Wednesday, September 2nd. The Goldman Sachs Group raised their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company decreased their target price on Knight-Swift Transportation from $86.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Finally, Benchmark upped their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Two 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, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus price target of $82.83.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.