Knight-Swift Transportation (NYSE:KNX) CEO Reid Dove Sells 126,864 Shares

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) CEO Reid Dove sold 126,864 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Reid Dove also recently made the following trade(s):

• On Wednesday, August 12th, Reid Dove sold 42,290 shares of Knight-Swift Transportation stock. The shares were sold at an average price of $71.49, for a total transaction of $3,023,312.10.
• On Friday, July 31st, Reid Dove sold 50,000 shares of Knight-Swift Transportation stock. The shares were sold at an average price of $70.25, for a total value of $3,512,500.00.

Knight-Swift Transportation Stock Down 1.3%

Shares of NYSE KNX opened at $72.32 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $74.55 and its two-hundred day moving average is $66.41. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 278.18, a PEG ratio of 0.61 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last released 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. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.80 annualized dividend and a yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio is presently 307.69%.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new position in shares of Knight-Swift Transportation during the second quarter worth about $204,000. Manning & Napier Advisors LLC purchased a new position in Knight-Swift Transportation in the second quarter worth approximately $173,669,000. Great Lakes Advisors LLC acquired a new position in Knight-Swift Transportation during the 2nd quarter worth approximately $8,790,000. Handelsbanken Fonder AB increased its position in shares of Knight-Swift Transportation by 7.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 48,900 shares of the transportation company’s stock valued at $3,808,000 after purchasing an additional 3,300 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of Knight-Swift Transportation in the 2nd quarter valued at $245,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KNX shares. Benchmark lifted their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. TD Cowen lifted their price objective on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley upped their target price on shares of Knight-Swift Transportation from $70.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Stifel Nicolaus increased their target price on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.44.

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.