Seven Six Capital Management LLC Cuts Stake in Knight-Swift Transportation Holdings Inc. $KNX

Seven Six Capital Management LLC lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 11.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,500 shares of the transportation company’s stock after selling 12,000 shares during the period. Knight-Swift Transportation makes up approximately 5.6% of Seven Six Capital Management LLC’s holdings, making the stock its 6th biggest position. Seven Six Capital Management LLC’s holdings in Knight-Swift Transportation were worth $5,326,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC grew its stake in shares of Knight-Swift Transportation by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock worth $298,000 after acquiring an additional 222 shares during the last quarter. Fifth Third Bancorp increased its position in 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 acquiring an additional 267 shares during the period. Blue Trust Inc. raised its stake in Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Knight-Swift Transportation by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock valued at $2,091,000 after purchasing an additional 306 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Knight-Swift Transportation by 7.9% in the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 309 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 1.4%

KNX stock opened at $71.17 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $82.86. The stock has a market capitalization of $11.56 billion, a P/E ratio of 273.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.18. The firm has a 50-day moving average price of $75.66 and a 200-day moving average price of $65.36.

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 analysts’ consensus estimates 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. Knight-Swift Transportation’s revenue 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. As a group, equities research 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. Investors of record on Monday, June 8th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Knight-Swift Transportation from $70.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. The Goldman Sachs Group boosted their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Raymond James Financial upped their target price on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 2nd. Bank of America raised their price target on Knight-Swift Transportation from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, UBS Group boosted their target price on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Three 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $84.44.

Knight-Swift Transportation Company 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.