Maverick Capital Ltd. Acquires New Shares in Knight-Swift Transportation Holdings Inc. $KNX

Maverick Capital Ltd. bought a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 1st quarter, HoldingsChannel reports. The firm bought 10,609 shares of the transportation company’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Knight-Swift Transportation by 23.6% in the fourth quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after purchasing an additional 2,468,293 shares during the last quarter. Invesco Ltd. boosted its position in shares of Knight-Swift Transportation by 513.6% during the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock valued at $126,354,000 after buying an additional 2,022,996 shares during the last quarter. Norges Bank bought a new stake in Knight-Swift Transportation in the 4th quarter worth about $92,070,000. Balyasny Asset Management L.P. increased its holdings in Knight-Swift Transportation by 269.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock worth $88,164,000 after buying an additional 1,627,791 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new position in Knight-Swift Transportation in the 4th quarter worth about $66,151,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 0.8%

Shares of NYSE:KNX opened at $70.14 on Wednesday. The stock’s 50-day simple moving average is $75.66 and its two-hundred day simple moving average is $65.26. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 269.77, a PEG ratio of 0.60 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.70 and a current ratio of 0.88.

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, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given 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 payout ratio is 307.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KNX. Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price objective on shares of Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Bank of America increased their price objective on shares of Knight-Swift Transportation from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Benchmark raised their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Barclays lifted their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Buy” and an average 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.