Jain Global LLC Lowers Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

Jain Global LLC trimmed its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 77.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,572 shares of the transportation company’s stock after selling 823,304 shares during the period. Jain Global LLC owned 0.14% of Knight-Swift Transportation worth $9,228,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KNX. SJS Investment Consulting Inc. boosted its holdings in shares of Knight-Swift Transportation by 7,100.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 923 shares during the last quarter. Versant Capital Management Inc boosted its stake in Knight-Swift Transportation by 111.3% during the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock valued at $37,000 after buying an additional 493 shares during the last quarter. MMA Asset Management LLC bought a new position in Knight-Swift Transportation during the third quarter valued at approximately $41,000. Employees Retirement System of Texas purchased a new position in Knight-Swift Transportation during the 2nd quarter valued at approximately $58,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in Knight-Swift Transportation by 68.7% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 2,087 shares of the transportation company’s stock worth $82,000 after acquiring an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KNX. Morgan Stanley upped their target price on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. TD Cowen lifted their price target on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings cut Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Stifel Nicolaus decreased their price objective on Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Finally, Barclays lifted their target price on Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average target price of $60.78.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $53.20 on Tuesday. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 129.75, a PEG ratio of 0.77 and a beta of 1.11. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $64.10. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $58.11 and its 200 day moving average is $50.15.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, January 21st. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.5%. Knight-Swift Transportation’s dividend payout ratio is currently 195.12%.

Insider Buying and Selling

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 1,243 shares of Knight-Swift Transportation stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total value of $75,661.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joshua Smith sold 5,770 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $60.91, for a total value of $351,450.70. Following the transaction, the chief financial officer directly owned 9,214 shares of the company’s stock, valued at approximately $561,224.74. The trade was a 38.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,930 shares of company stock valued at $2,581,186 in the last three months. 3.00% of the stock is currently owned by insiders.

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.