SCHEDULE 13G/A: BlackRock Amends Stake in Knight-Swift Transportation, Holding 8.7% of Common Stock
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 9 to its Schedule 13G, disclosing a beneficial ownership of 8.7% of Knight-Swift Transportation Holdings Inc.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 9 to Schedule 13G concerning its beneficial ownership in KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.
- As of March 31, 2025, BlackRock beneficially owns an aggregate of 14,024,534 shares of common stock.
- This ownership represents 8.7% of the total outstanding common stock of Knight-Swift Transportation Holdings Inc.
- BlackRock holds sole voting power over 13,634,714 shares and sole dispositive power over 14,024,534 shares.
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer.
- Various business units of BlackRock, Inc. and its subsidiaries and affiliates, including BlackRock Fund Advisors, are included in this beneficial ownership report.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G) reporting beneficial ownership. It is factual and neutral, providing no positive or negative operational or financial news about the issuer, Knight-Swift Transportation Holdings Inc. The sentiment reflects the informational nature of the disclosure.
Risks
- The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating the risk of activist investor involvement.
Future Outlook
NA
Management Comments
- "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
BlackRock, as a leading global asset manager, maintains significant investment positions across various industries. This filing indicates BlackRock's continued passive investment in Knight-Swift Transportation Holdings Inc., a prominent player in the U.S. transportation and logistics sector, reflecting its broad market exposure.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming BlackRock's passive investment approach and compliance with regulatory disclosure requirements.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Effective date of the new Power of Attorney granted by BlackRock, Inc. to its attorneys-in-fact. |
| 2025-03-31 | Date of event which requires the filing of this Schedule 13G Amendment No. 9 (reporting period end date). |
| 2025-04-17 | Date of signature and filing of the Schedule 13G Amendment No. 9 by BlackRock, Inc. |
Keywords
Knight-Swift Transportation Holdings Inc., BlackRock Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Trucking, Logistics, Transportation
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