Wall Street Zen upgraded shares of Knight-Swift Transportation (NYSE:KNX – Free Report) from a hold rating to a buy rating in a research report report published on Saturday.
Several other brokerages have also commented on KNX. Morgan Stanley raised their price target on shares of Knight-Swift Transportation from $70.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Zacks Research upgraded Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Robert W. Baird increased their price objective on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Citizens Jmp started coverage on Knight-Swift Transportation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $84.44.
Check Out Our Latest Analysis on Knight-Swift Transportation
Knight-Swift Transportation Stock Down 1.7%
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, equities analysts expect that Knight-Swift Transportation will post 2.42 earnings per share for the current year.
Knight-Swift Transportation Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s payout ratio is 307.69%.
Insider Buying and Selling
In related news, CAO Cary M. Flanagan sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the sale, the chief accounting officer owned 5,405 shares of the company’s stock, valued at $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reid Dove sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.25, for a total value of $3,512,500.00. Following the completion of the sale, the director owned 169,154 shares of the company’s stock, valued at $11,883,068.50. This trade represents a 22.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.90% of the company’s stock.
Hedge Funds Weigh In On Knight-Swift Transportation
Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in shares of Knight-Swift Transportation by 23.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after buying an additional 1,124 shares in the last quarter. Focus Partners Wealth bought a new position in Knight-Swift Transportation during the first quarter valued at about $451,000. Cetera Investment Advisers boosted its stake in Knight-Swift Transportation by 6.9% during the second quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock valued at $607,000 after buying an additional 882 shares in the last quarter. Invesco Ltd. grew its holdings in Knight-Swift Transportation by 57.7% during the second quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock worth $48,110,000 after acquiring an additional 398,116 shares during the period. Finally, First Trust Advisors LP grew its holdings in Knight-Swift Transportation by 54.3% during the second quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock worth $21,748,000 after acquiring an additional 172,956 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.
The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.
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