Key Points
- CEO Reid Dove sold 42,290 KNX shares at an average price of $71.49, generating approximately $3.02 million and reducing his direct ownership by 25%. He also sold 126,864 shares the following day and 50,000 shares on July 31.
- Knight-Swift reported quarterly EPS of $0.63, exceeding the $0.51 consensus estimate, while revenue rose 12.6% year over year to $2.10 billion. The company provided third-quarter EPS guidance of $0.71-$0.77.
- Analysts maintain a Moderate Buy consensus, with an average price target of $84.44 versus the stock’s recent price of $72.32. The company also declared a quarterly dividend of $0.20 per share, implying a 1.1% yield.
Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) CEO Reid Dove sold 42,290 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $71.49, for a total transaction of $3,023,312.10. Following the transaction, the chief executive officer directly owned 126,864 shares of the company's stock, valued at $9,069,507.36. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Reid Dove also recently made the following trade(s):
- On Thursday, August 13th, Reid Dove sold 126,864 shares of Knight-Swift Transportation stock. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32.
- On Friday, July 31st, Reid Dove sold 50,000 shares of Knight-Swift Transportation stock. The stock was sold at an average price of $70.25, for a total transaction of $3,512,500.00.
Knight-Swift Transportation Price Performance
Knight-Swift Transportation stock opened at $72.32 on Friday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $82.86. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The business's 50 day simple moving average is $74.55 and its 200 day simple moving average is $66.41. The company 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating 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 in the prior year, the company 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. Sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current year.
Knight-Swift Transportation Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th. Knight-Swift Transportation's dividend payout ratio is currently 307.69%.
Institutional Trading of Knight-Swift Transportation
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company's stock worth $31,000 after purchasing an additional 301 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company's stock worth $35,000 after purchasing an additional 385 shares during the period. Los Angeles Capital Management LLC purchased a new position in Knight-Swift Transportation during the 4th quarter valued at about $39,000. Fifth Third Bancorp grew its holdings in Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company's stock valued at $45,000 after buying an additional 267 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Knight-Swift Transportation by 1,478.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company's stock valued at $35,000 after buying an additional 828 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on KNX. Susquehanna lifted their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a "positive" rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Knight-Swift Transportation from $77.00 to $84.00 and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Raymond James Financial boosted their price target 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. Finally, Citigroup upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and an average price target of $84.44.
Check Out Our Latest Stock Analysis on KNX
Knight-Swift Transportation Company Profile
(
Get Free Report)
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.
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