BlackRock Amends Knight-Swift Stake, Maintains Significant Ownership
Ticker: KNX · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Knight-Swift, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, reporting its ownership in Knight-Swift Transportation Holdings Inc. as of December 31, 2023. This amendment, number 7, indicates BlackRock continues to be a significant institutional holder of Knight-Swift's Common Stock, filed under Rule 13d-1(b). This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Knight-Swift, which can be a positive signal for current and prospective shareholders, indicating institutional confidence.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative risk for the company or its stock.
Analyst Insight
An investor should note BlackRock's continued presence as a major shareholder, which can be a factor in assessing institutional confidence, but should also conduct their own due diligence on Knight-Swift's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Knight-Swift Transportation Holdings Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the date the SC 13G/A amendment was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (indicated by the 'A') to a Schedule 13G filing, specifically Amendment No: 7, filed under Rule 13d-1(b).
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC, with CUSIP Number 499049104.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., with Central Index Key (CIK) 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
What class of securities is covered by this filing?
The class of securities covered by this filing is Common Stock of Knight-Swift Transportation Holdings Inc.
From the Filing
EDGAR Filing Documents for 0001086364-24-002246 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002246 Filing Date 2024-01-24 Accepted 2024-01-24 14:27:13 Documents 1 Document Format Files Seq Description Document Type Size 1 us4990491049_012424.txt SC 13G/A 12049 Complete submission text file 0001086364-24-002246.txt 14124 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043 Business Address 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043 602-269-9700 Knight-Swift Transportation Holdings Inc. (Subject) CIK : 0001492691 (see all company filings) EIN. : 205589597 | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-85833 | Film No.: 24555829 SIC : 4213 Trucking (No Local) (CF Office: 01 Energy & Transportation)