Knight-Swift Transportation Holdings Inc. $KNX Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 20.8% during the first quarter, HoldingsChannel reports. The firm owned 51,170 shares of the transportation company’s stock after purchasing an additional 8,817 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Knight-Swift Transportation were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares during the last quarter. Clearstead Advisors LLC grew its stake in Knight-Swift Transportation by 134.6% during the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 385 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 828 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Knight-Swift Transportation in the fourth quarter worth about $39,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after purchasing an additional 267 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KNX shares. Wells Fargo & Company boosted their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Zacks Research upgraded Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. raised their price objective on shares of Knight-Swift Transportation from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Robert W. Baird increased their price target on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $84.44.

Knight-Swift Transportation Trading Up 1.4%

Shares of NYSE:KNX opened at $71.17 on Thursday. The business’s 50 day moving average price is $75.66 and its 200-day moving average price is $65.36. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $82.86. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 273.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.70.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $2.10 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.42 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 307.69%.

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.