FMR LLC & Abigail Johnson Disclose 6.1% Passive Stake in Knight-Swift
Ticker: KNX · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 6.1% stake in Knight-Swift, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Knight-Swift Transportation Holdings Inc. As of December 31, 2023, FMR LLC beneficially owns 9,852,921 shares of common stock, representing 6.105% of the company. This matters to investors because it signals that a large, sophisticated institutional investor sees value in Knight-Swift, potentially indicating a positive outlook for the trucking company's future performance.
Why It Matters
A substantial investment by a major institutional player like FMR LLC can boost investor confidence and potentially attract more capital to Knight-Swift Transportation Holdings Inc.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally carries lower risk than an activist stake.
Analyst Insight
A smart investor would view this as a positive signal, potentially researching Knight-Swift's fundamentals further to see if it aligns with their investment strategy, given the backing of a major institutional investor like FMR LLC.
Key Numbers
- 9,852,921 — Shares Beneficially Owned (Total common stock shares FMR LLC and Abigail P. Johnson beneficially own in Knight-Swift.)
- 6.105% — Percentage of Class (The percentage of Knight-Swift Transportation Holdings Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
- 20240209 — Filing Date (The date the SC 13G filing was made public.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- Knight-Swift Transportation Holdings Inc. (company) — subject company in which shares are held
- 01 Energy & Transportation (company) — organization name associated with Knight-Swift
Forward-Looking Statements
- Other institutional investors may increase their positions in Knight-Swift Transportation Holdings Inc. following FMR LLC's disclosure. (Knight-Swift Transportation Holdings Inc.) — medium confidence, target: Within 6 months
- Knight-Swift Transportation Holdings Inc.'s stock price could see a modest positive reaction due to increased institutional confidence. (Knight-Swift Transportation Holdings Inc.) — low confidence, target: Within 1 month
FAQ
Who is the primary reporting person in this SC 13G filing?
The primary reporting person is FMR LLC, a parent holding company, as stated in Item 1 and Item 3 of the filing.
What is the total number of common stock shares of Knight-Swift Transportation Holdings Inc. beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 9,852,921 shares of common stock, as indicated in Item 7 for both reporting persons.
What percentage of Knight-Swift Transportation Holdings Inc.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson each report owning 6.105% of the common stock, as shown in Item 11 for both reporting persons.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
What is the CUSIP number for Knight-Swift Transportation Holdings Inc. common stock?
The CUSIP number for Knight-Swift Transportation Holdings Inc. common stock is 499049104, as stated in Item 2(e) and at the top of the filing.
From the Filing
EDGAR Filing Documents for 0000315066-24-001271 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 - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0000315066-24-001271 Filing Date 2024-02-09 Accepted 2024-02-09 09:16:06 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G 6587 Complete submission text file 0000315066-24-001271.txt 8505 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 0000 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 | Act: 34 | File No.: 005-85833 | Film No.: 24611775 SIC : 4213 Trucking (No Local) (CF Office: 01 Energy & Transportation)