SummitTX Capital L.P. Acquires New Stake in Knight-Swift Transportation Holdings Inc. $KNX

SummitTX Capital L.P. acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 123,383 shares of the transportation company’s stock, valued at approximately $7,104,000.

Several other hedge funds also recently made changes to their positions in KNX. Integrated Wealth Concepts LLC lifted its position in Knight-Swift Transportation by 23.3% in the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock valued at $259,000 after purchasing an additional 1,124 shares during the period. Focus Partners Wealth acquired a new position in Knight-Swift Transportation during the 1st quarter worth approximately $451,000. Cetera Investment Advisers increased its position in Knight-Swift Transportation by 6.9% during the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after purchasing an additional 882 shares during the period. Invesco Ltd. raised its stake in shares of Knight-Swift Transportation by 57.7% during the 2nd quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock worth $48,110,000 after buying an additional 398,116 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Knight-Swift Transportation by 54.3% during the 2nd quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock worth $21,748,000 after buying an additional 172,956 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Zacks Research upgraded Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Wells Fargo & Company increased their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Robert W. Baird raised their target price on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. UBS Group upped their price target on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Barclays increased their price target on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $84.44.

Knight-Swift Transportation Stock Down 0.1%

KNX opened at $72.40 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.70 and a current ratio of 0.88. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 278.48, a PEG ratio of 0.62 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a one year low of $38.63 and a one year high of $82.86. The business’s fifty day moving average is $75.60 and its two-hundred day moving average is $65.05.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 307.69%.

Key Stories Impacting Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: KNX beat Q2 estimates, reporting $0.63 EPS versus $0.49-$0.51 expected, with revenue of $2.10 billion topping forecasts of about $2.05 billion. Article: Knight-Swift Transportation Holdings (KNX) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Margins improved as truckload pricing, network efficiency and intermodal growth helped drive profitability, with truckload EBIT and EPS showing sharp year-over-year gains. Article: Knight-Swift Q2 Earnings Beat Estimates on Truckload Margin Gains
• Positive Sentiment: Several firms raised price targets after the report, including Bank of America, Stifel, Susquehanna, TD Cowen and JPMorgan, signaling improved sentiment toward KNX. Article: Analyst price target updates
• Positive Sentiment: KNX was also added to Zacks’ Rank #1 “Strong Buy” growth list, which may support investor confidence in the stock. Article: Best Growth Stocks to Buy for July 24th
• Neutral Sentiment: Market commentary notes the stock is falling today after the earnings release, likely reflecting a “buy the rumor, sell the news” reaction or investor concern about whether the strong quarter can be sustained. Article: Why Knight-Swift Transportation (KNX) stock is falling today

Knight-Swift Transportation 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.