IFP Advisors Inc Buys 379 Shares of Knight-Swift Transportation Holdings Inc. $KNX

IFP Advisors Inc lifted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.3% during the second quarter, Holdings Channel reports. The fund owned 2,162 shares of the transportation company’s stock after acquiring an additional 379 shares during the quarter. IFP Advisors Inc’s holdings in Knight-Swift Transportation were worth $96,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 563 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at approximately $55,000. UMB Bank n.a. raised its stake in shares of Knight-Swift Transportation by 43.3% in the 2nd quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 491 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Knight-Swift Transportation in the 1st quarter valued at approximately $111,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Performance

KNX opened at $47.07 on Monday. The stock has a market cap of $7.64 billion, a PE ratio of 46.15, a P/E/G ratio of 0.81 and a beta of 1.14. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The stock’s 50 day simple moving average is $42.54 and its 200-day simple moving average is $42.96.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.Knight-Swift Transportation’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were given a dividend of $0.18 per share. The ex-dividend date was Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. Knight-Swift Transportation’s payout ratio is currently 70.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KNX shares. Stifel Nicolaus raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and cut their price objective for the company from $47.00 to $45.00 in a research note on Friday, October 3rd. Susquehanna downgraded Knight-Swift Transportation from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $43.00 in a research report on Wednesday, September 24th. Barclays dropped their price target on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Morgan Stanley dropped their price target 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. Finally, JPMorgan Chase & Co. dropped their price target on Knight-Swift Transportation from $52.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average target price of $52.65.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of the business’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 transaction of $148,462.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation 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.