D1 Capital Partners L.P. 13F: Cuts KNX Stake by $174M

D1 Capital Partners has trimmed its stake in Knight-Swift Transportation Holdings Inc. (NYSE: KNX) by 28.9%, according to its latest 13F filing with the SEC. The firm sold 2,226,736 shares, reducing its holdings to 5,491,563 shares valued at approximately $447.8 million. This adjustment reflects activity during the quarter ending March 31, 2026.

What Changed in D1 Capital Partners' Knight-Swift Position

D1 Capital Partners significantly cut its Knight-Swift position by selling 2,226,736 shares, bringing its total ownership down to 5,491,563 shares. This reduction marks a 28.9% decrease from its previous holding of 7,718,299 shares. The remaining shares are valued at about $447.8 million.

Other Institutional Activity in Knight-Swift

Other major funds also adjusted their positions in Knight-Swift. BlackRock, Inc. increased its holdings by 449,411 shares, bringing its total to 14,931,515 shares valued at approximately $859.8 million. On the other hand, FMR LLC reduced its stake by 6,665,427 shares, leaving it with 9,706,667 shares worth about $558.9 million. Dimensional Fund Advisors LP added 60,750 shares, ending with 8,458,088 shares valued at roughly $487.0 million. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both initiated new positions, each holding over 6.6 million shares.

Knight-Swift Transportation Holdings Inc. Stock Up 17.2%

Shares of Knight-Swift Transportation (NYSE: KNX) recently traded near $81.54. The company boasts a market cap of $13.25 billion, with a high P/E ratio of 388.3 and a more moderate forward P/E of 23.8. The stock has seen a 52-week range between $38.63 and $82.86. Its 50-day moving average stands at $68.03, while the 200-day moving average is $54.79. The company has a current ratio of 0.703 and a quick ratio of 0.513, indicating moderate short-term liquidity, and a debt-to-equity ratio of 37.7.

Recent Earnings

Knight-Swift reported revenues of $7.50 billion, showing a modest growth of 1.4%. The company's earnings per share (EPS) is $0.21, with a net margin of 0.453% and a return on equity (ROE) of 0.478%. Investors can look forward to the next earnings release on July 22, 2026.

Dividend

Knight-Swift pays an annual dividend rate of $0.80, providing a yield of 0.98%. The dividend payout ratio is 3.52%, indicating a conservative payout relative to earnings.

Insider Buying and Selling at Knight-Swift Transportation Holdings Inc.

On May 31, 2026, several insiders at Knight-Swift executed trades. CFO Andrew Hess sold 321 shares at an average price of $75.63 but also purchased 1,209 shares on the same day. Executive VP and CAO Cary Flanagan sold 1,214 shares at $75.63. Meanwhile, COO James Fitzsimmons both bought and sold 5,513 shares, with some transactions occurring at a price of $0.00, indicating potential non-market transfers.

Analysts Set New Price Targets

Analysts remain optimistic about Knight-Swift. On June 5, 2026, Wells Fargo maintained a 'buy' rating with a price target of $86. UBS also upheld its 'buy' rating with a target of $94 on June 1. The consensus among 17 analysts is a 'buy' recommendation, with a mean target price of $76.47.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc., headquartered in Phoenix, Arizona, is a leading freight transportation company operating in the U.S. and Mexico. It offers a range of services across its Truckload, Less-Than-Truckload (LTL), Logistics, and Intermodal segments. The company also provides repair, maintenance, equipment leasing, and insurance services. Led by CEO Adam W. Miller, CPA, Knight-Swift employs approximately 37,100 people.

Bottom Line

D1 Capital Partners' decision to cut its stake in Knight-Swift by nearly 29% reflects its strategic portfolio adjustments for the quarter ending March 31, 2026. Investors will watch how this move impacts the company's stock performance. As a reminder, 13F filings are historical and may not represent current holdings. Knight-Swift remains a significant player in the trucking industry, with solid institutional backing and positive analyst sentiment.