Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $68.49, but opened at $65.71. Knight-Swift Transportation shares last traded at $66.0860, with a volume of 1,156,218 shares traded.
Analyst Upgrades and Downgrades
Several analysts have commented on KNX shares. Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Citizens Jmp initiated coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price target on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. Barclays increased their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company raised their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus price target of $84.26.
Read Our Latest Stock Analysis on KNX
Knight-Swift Transportation Price Performance
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current year.
Knight-Swift Transportation Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio is presently 307.69%.
Insider Buying and Selling at Knight-Swift Transportation
In other news, CAO Cary Flanagan sold 3,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the sale, the chief accounting officer directly owned 5,405 shares in the company, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the sale, the director directly owned 30,252 shares in the company, valued at approximately $1,583,087.16. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 224,954 shares of company stock valued at $16,183,454 in the last ninety days. Insiders own 2.90% of the company’s stock.
Hedge Funds Weigh In On Knight-Swift Transportation
A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of Knight-Swift Transportation by 134.6% in the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after buying an additional 385 shares during the last quarter. MCF Advisors LLC increased its stake in shares of Knight-Swift Transportation by 55.8% in the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock worth $53,000 after buying an additional 242 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in Knight-Swift Transportation in the first quarter valued at $72,000. Finally, Bessemer Group Inc. raised its holdings in Knight-Swift Transportation by 280.2% in the first quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 1,569 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.
The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.
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