Norges Bank has acquired a significant stake in Knight-Swift Transportation Holdings Inc. (NYSE: KNX) by purchasing 1,343,149 shares valued at approximately $59,407,000. This acquisition took place during the second quarter and was documented in the bank’s latest Form 13F filing with the U.S. Securities and Exchange Commission.
Other institutional investors have also adjusted their positions in Knight-Swift. For instance, Vanguard Group Inc. increased its stake by 3.6% in the first quarter, owning 14,935,845 shares worth $649,560,000 after acquiring an additional 515,212 shares. Similarly, Dimensional Fund Advisors LP raised its holdings by 9.1%, bringing its total to 7,629,706 shares valued at $331,813,000.
In a notable move, the Bank of New York Mellon Corp lifted its position by an impressive 72.1%, now owning 2,160,475 shares worth $95,558,000 after buying an additional 904,903 shares. Other firms, including Allspring Global Investments Holdings LLC and Ensign Peak Advisors Inc., also increased their stakes during the same period.
Insider trading has been active as well. On November 7, Cary M. Flanagan, the Chief Accounting Officer, sold 4,300 shares at an average price of $45.04, totaling $193,672. Post-sale, Flanagan holds 5,644 shares valued at approximately $254,205, marking a 43.24% decrease in ownership. Similarly, Reed Stultz, Senior Vice President, sold 4,692 shares on December 4, resulting in a 90.98% decrease in his holdings.
Knight-Swift’s Financial Performance
On October 22, Knight-Swift announced its quarterly earnings, reporting $0.32 earnings per share (EPS). This figure fell short of analysts’ expectations of $0.38 by $0.06. Revenue for the quarter stood at $1.72 billion, which was below the expected $1.91 billion. Despite this, the company saw a 2.7% increase in revenue compared to the same quarter the previous year.
The company has set its guidance for Q4 2025, projecting EPS between $0.340 and $0.400. Analysts predict that Knight-Swift will achieve an average EPS of 2.13 for the current fiscal year.
Dividends and Analyst Ratings
Knight-Swift recently declared a quarterly dividend of $0.18, which will be paid on December 22 to shareholders of record as of December 5. This translates to an annualized dividend of $0.72 and a yield of 1.4%. The company’s dividend payout ratio currently stands at 81.82%.
Market analysts have varied perspectives on Knight-Swift’s stock. Citigroup recently lowered its price target from $54.00 to $53.00, maintaining a “buy” rating. In contrast, TD Cowen increased its target from $44.00 to $53.00 while keeping a “buy” rating. UBS Group downgraded Knight-Swift from “buy” to “neutral” while raising its price target to $51.00. Overall, two analysts rate the stock as a Strong Buy, twelve as Buy, five as Hold, and one as Sell, leading to an average rating of “Moderate Buy” with a target price of $53.29.
Knight-Swift Transportation Holdings Inc. is a leading provider of freight transportation services in the United States and Mexico, operating across various segments, including Truckload, Less-than-truckload (LTL), Logistics, and Intermodal.
