PNC Financial Services Group Inc. has significantly reduced its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 81.4%, selling 69,844 shares and retaining 15,983 shares valued at approximately $631,000. Despite missing Q3 earnings and revenue expectations and setting lower Q1 2026 guidance, Knight-Swift raised its quarterly dividend to $0.20, resulting in a high payout ratio of 175.6%. Institutional investors collectively own 88.77% of the stock, while insiders, including Chairman Kevin P. Knight, have also recently sold shares.
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PNC Financial Services Group Inc. Sells 69,844 Shares of Knight-Swift Transportation Holdings Inc. $KNX
PNC Financial Services Group Inc. has significantly reduced its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 81.4%, selling 69,844 shares and retaining 15,983 shares valued at approximately $631,000. Despite missing Q3 earnings and revenue expectations and setting lower Q1 2026 guidance, Knight-Swift raised its quarterly dividend to $0.20, resulting in a high payout ratio of 175.6%. Institutional investors collectively own 88.77% of the stock, while insiders, including Chairman Kevin P. Knight, have also recently sold shares.