Knight-Swift director Douglas Col purchases $226,830 in stock

In a recent transaction, Douglas L. Col, a director at Knight-Swift Transportation Holdings Inc. (NYSE:KNX), acquired 5,000 shares of the company’s Class A common stock. The purchase, which took place on March 13, 2025, was made at a price of $45.366 per share, amounting to a total investment of approximately $226,830. The timing is notable as the stock currently trades near its 52-week low of $44.95, with InvestingPro data showing analyst price targets ranging from $53 to $70. Following this transaction, Col directly owns 5,000 shares of Knight-Swift. This acquisition reflects Col’s continued confidence in the company’s prospects. Knight-Swift, based in Phoenix, Arizona, is a major player in the trucking industry, with annual revenue of $7.4 billion. The company has maintained dividend payments for 22 consecutive years, currently yielding 1.55%. InvestingPro subscribers can access 12 additional investment tips and a comprehensive analysis of KNX’s financial health and growth prospects through the Pro Research Report.

In other recent news, Knife River Corporation reported record fourth-quarter 2024 revenue, surpassing analyst expectations. The company achieved revenue of $657.2 million, marking a 2% increase year-over-year, and net income rose by 12% to $23.3 million, or $0.41 per share, exceeding the consensus estimate of $0.36 per share. Adjusted EBITDA also grew by 12% to $81.2 million, with the adjusted EBITDA margin expanding to 12.4% from 11.2% the previous year. Meanwhile, Knight-Swift Transportation Holdings Inc. announced the appointment of Douglas Col to its Board of Directors, aiming to bolster its strategic planning and governance. Col, with extensive experience in transportation and finance, will serve on the Board until the 2025 annual meeting of stockholders. Additionally, Citi analyst Ariel Rosa upgraded Knight Transportation’s stock rating from ’Sell’ to ’Neutral’ and set a price target of $53.00. Rosa highlighted the company’s effective navigation of transport cycles and noted that the recent share price drop offers a more balanced risk-reward scenario. These developments reflect ongoing strategic efforts and adjustments within both companies.

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