Thrivent Financial for Lutherans Decreases Position in Knight-Swift Transportation Holdings Inc. $KNX

Thrivent Financial for Lutherans trimmed its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,267,938 shares of the transportation company’s stock after selling 73,750 shares during the period. Thrivent Financial for Lutherans’ holdings in Knight-Swift Transportation were worth $56,081,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KNX. Brooklyn Investment Group raised its holdings in Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock valued at $28,000 after buying an additional 310 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Knight-Swift Transportation in the second quarter valued at $55,000. Employees Retirement System of Texas bought a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth about $58,000. UMB Bank n.a. boosted its stake in shares of Knight-Swift Transportation by 43.3% during the 2nd quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock worth $72,000 after purchasing an additional 491 shares during the period. Finally, IFP Advisors Inc grew its holdings in Knight-Swift Transportation by 21.3% during the 2nd quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 379 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Knight-Swift Transportation from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley increased their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Barclays reduced their target price on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Evercore ISI decreased their target price on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating for the company in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.82.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $53.15 on Monday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $45.79 and a two-hundred day simple moving average of $44.26. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 60.40, a P/E/G ratio of 1.05 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly 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). Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be issued a $0.18 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Knight-Swift Transportation’s payout ratio is currently 81.82%.

Insider Transactions at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total value of $1,785,350.00. Following the completion of the transaction, the chairman owned 1,405,347 shares of the company’s stock, valued at $71,686,750.47. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Cary M. Flanagan sold 4,300 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $45.04, for a total value of $193,672.00. Following 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 43,992 shares of company stock valued at $2,220,707. Company insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

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.