30,288 Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Fortitude Family Office LLC

Fortitude Family Office LLC cut its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 94.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,697 shares of the transportation company’s stock after selling 30,288 shares during the period. Fortitude Family Office LLC’s holdings in Knight-Swift Transportation were worth $108,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Knight-Swift Transportation by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock worth $486,995,000 after buying an additional 60,750 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter valued at $173,669,000. Sei Investments Co. grew its holdings in shares of Knight-Swift Transportation by 24.7% during the 1st quarter. Sei Investments Co. now owns 842,644 shares of the transportation company’s stock valued at $48,519,000 after acquiring an additional 166,919 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Knight-Swift Transportation by 38.9% during the 1st quarter. Principal Financial Group Inc. now owns 595,649 shares of the transportation company’s stock valued at $34,297,000 after acquiring an additional 166,668 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Knight-Swift Transportation by 152.4% during the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company’s stock valued at $33,175,000 after acquiring an additional 257,256 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KNX. Wells Fargo & Company cut their price objective on Knight-Swift Transportation from $86.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Citigroup reduced their price objective on Knight-Swift Transportation from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Bank of America lowered their target price on Knight-Swift Transportation from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. TD Cowen upped their target price on Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus upped their target price on Knight-Swift Transportation from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.83.

Insider Buying and Selling

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Cary Flanagan sold 3,600 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 224,954 shares of company stock worth $16,183,454. Corporate insiders own 2.90% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $65.31 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 stock has a market capitalization of $10.63 billion, a PE ratio of 251.19, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. The company has a 50 day moving average price of $67.69 and a two-hundred day moving average price of $69.42. Knight-Swift Transportation Holdings Inc. has a 12-month low of $41.24 and a 12-month high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last posted its 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 net margin of 0.56% and a return on equity of 3.51%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’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. As a group, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.46 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm 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 1.2%. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.