Knight-Swift Transportation Holdings Inc. $KNX Shares Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI increased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 248.3% in the 3rd quarter, Holdings Channel reports. The fund owned 473,393 shares of the transportation company’s stock after purchasing an additional 337,461 shares during the period. Knight-Swift Transportation makes up about 1.3% of Norris Perne & French LLP MI’s portfolio, making the stock its 23rd biggest position. Norris Perne & French LLP MI’s holdings in Knight-Swift Transportation were worth $30,103,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Signaturefd LLC grew its stake in Knight-Swift Transportation by 10.7% during the 3rd quarter. Signaturefd LLC now owns 4,018 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 388 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Knight-Swift Transportation by 161.0% in the third quarter. Citizens Financial Group Inc. RI now owns 15,079 shares of the transportation company’s stock worth $959,000 after purchasing an additional 9,302 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Knight-Swift Transportation by 72.4% in the third quarter. Sterling Capital Management LLC now owns 8,201 shares of the transportation company’s stock worth $522,000 after purchasing an additional 3,445 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Knight-Swift Transportation by 158.5% during the third quarter. Inspire Investing LLC now owns 46,299 shares of the transportation company’s stock worth $2,944,000 after purchasing an additional 28,391 shares during the period. Finally, MBL Wealth LLC acquired a new stake in shares of Knight-Swift Transportation during the third quarter worth approximately $428,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNX has been the topic of a number of research analyst reports. Benchmark boosted their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Stifel Nicolaus increased their target price on shares of Knight-Swift Transportation from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. Citizens Jmp started coverage on shares of Knight-Swift Transportation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 target price for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.78.

Insider Activity at Knight-Swift Transportation

In related news, Director David Vander Ploeg sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the transaction, the director owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cary Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares of the company’s stock, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 224,954 shares of company stock valued at $16,183,454. 2.90% of the stock is currently owned by corporate insiders.

Trending Headlines about Knight-Swift Transportation

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

• Positive Sentiment: KNX reported third-quarter adjusted EPS of $0.83, above the approximately $0.75–$0.76 analyst consensus, while revenue of $2.20 billion also exceeded expectations. EPS more than doubled from $0.32 a year earlier, supported by improving truckload pricing and early margin recovery. Knight-Swift Q3 earnings report
• Positive Sentiment: Management expects truckload operating income to improve meaningfully in the fourth quarter, and commentary pointed to tighter capacity and better pricing as potential catalysts for further earnings recovery. First look at Knight-Swift’s Q3 results
• Positive Sentiment: Several analysts still see substantial upside: Stifel raised its price target to $92 with a buy rating, while Wells Fargo maintained an overweight rating despite lowering its target to $79. A valuation analysis also suggested KNX may be significantly undervalued if the earnings recovery continues. Knight-Swift may be undervalued
• Neutral Sentiment: JPMorgan raised its target from $68 to $74 but kept a neutral rating, indicating that analysts recognize the recovery potential while remaining cautious about execution and industry conditions. JPMorgan analyst action
• Negative Sentiment: Fourth-quarter adjusted EPS guidance of $0.78–$0.84 has a midpoint of $0.81, slightly below the $0.82 consensus estimate. The guidance may be weighing on the stock because it suggests that the recovery will be gradual rather than immediate. Knight-Swift Q4 guidance

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $61.23 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.91 and a quick ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $41.24 and a fifty-two week high of $82.86. The stock’s 50-day moving average is $66.77 and its two-hundred day moving average is $69.57. The firm has a market cap of $9.97 billion, a P/E ratio of 65.84, a PEG ratio of 0.51 and a beta of 1.21.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.16 billion. Knight-Swift Transportation had a return on equity of 4.71% and a net margin of 1.92%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.55 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 4th were issued a $0.20 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Knight-Swift Transportation’s dividend payout ratio is currently 86.02%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.