Thrivent Financial for Lutherans Reduces Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Thrivent Financial for Lutherans reduced its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,267,938 shares of the transportation company's stock after selling 73,750 shares during the period. Thrivent Financial for Lutherans owned about 0.78% of Knight-Swift Transportation worth $56,081,000 at the end of the most recent quarter.These 3 Stocks Just Got Upgraded—and Could Keep ClimbingSeveral other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Knight-Swift Transportation by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company's stock valued at $331,813,000 after acquiring an additional 638,352 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Knight-Swift Transportation by 8.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,595,397 shares of the transportation company's stock valued at $165,712,000 after purchasing an additional 268,761 shares in the last quarter. AQR Capital Management LLC grew its holdings in Knight-Swift Transportation by 36.5% during the second quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company's stock valued at $99,440,000 after purchasing an additional 601,108 shares during the period. Bank of New York Mellon Corp increased its position in Knight-Swift Transportation by 72.1% in the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company's stock worth $95,558,000 after buying an additional 904,903 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Knight-Swift Transportation by 17.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 2,046,820 shares of the transportation company's stock valued at $90,531,000 after buying an additional 305,093 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock. Insiders Place Their BetsIn related news, Chairman Kevin P. Knight sold 35,000 shares of the firm's stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total value of $1,785,350.00. Following the completion of the transaction, the chairman directly owned 1,405,347 shares of the company's stock, valued at approximately $71,686,750.47. This trade represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Reed Stultz sold 4,692 shares of the company's stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total transaction of $241,684.92. Following the sale, the senior vice president directly owned 465 shares in the company, valued at approximately $23,952.15. The trade was a 90.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,992 shares of company stock valued at $2,220,707 in the last quarter. 3.00% of the stock is currently owned by insiders. Wall Street Analysts Forecast GrowthWhy Goldman Sachs Suddenly Boosted These 3 Trucking StocksKNX has been the subject of several analyst reports. Citigroup increased their target price on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, December 10th. TD Cowen increased their price objective on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, December 9th. Bank of America upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and raised their price objective for the company from $41.00 to $50.00 in a research report on Thursday, October 16th. Susquehanna dropped their target price on shares of Knight-Swift Transportation from $43.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a "hold" rating to a "buy" rating and raised their price target for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus price target of $54.82.Check Out Our Latest Stock Report on Knight-Swift TransportationKnight-Swift Transportation Stock PerformanceSaia Builds Value: Why Its Uptrend Is Set to ContinueKNX opened at $53.15 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 60.40, a PEG ratio of 1.05 and a beta of 1.17. The company has a fifty day moving average of $45.79 and a 200 day moving average of $44.26. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.91 billion. Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year. Knight-Swift Transportation Announces DividendThe company also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, December 5th. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 81.82%. Knight-Swift Transportation Company Profile (Free Report)Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.Recommended StoriesFive stocks we like better than Knight-Swift TransportationIndustrial Products Stocks Investing Dave & Buster’s Reversal Is in PLAY After Double-Bottom Breakout2 Fintech Stocks to Buy Now and 1 to Avoid3 Finance Stocks to Buy on Rising 10-Year Treasury RatesTop Biotech Stocks: Exploring Innovation OpportunitiesDisney's $1 Billion Deal Brings Its Magic to OpenAIThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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