Knight-Swift Transportation (NYSE:KNX) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a hold rating to a buy rating in a report issued on Saturday.

Several other equities analysts have also weighed in on KNX. Benchmark increased their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Zacks Research raised shares of Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wells Fargo & Company lifted their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Barclays upped their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, UBS Group increased their price target on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Buy” and a consensus price target of $84.44.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $69.59 on Friday. The stock has a 50-day moving average price of $75.64 and a 200 day moving average price of $65.48. The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 267.68, a PEG ratio of 0.59 and a beta of 1.18. Knight-Swift Transportation has a 12 month low of $38.63 and a 12 month high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $2.10 billion for 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 company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts expect that Knight-Swift Transportation will post 2.42 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.80 annualized dividend and a yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 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 shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the transaction, the chief accounting officer owned 5,405 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Reid Dove sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.25, for a total transaction of $3,512,500.00. Following the completion of the sale, the director directly owned 169,154 shares of the company’s stock, valued at $11,883,068.50. The trade was a 22.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently made changes to their positions in the company. Handelsbanken Fonder AB raised its stake in Knight-Swift Transportation by 7.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 48,900 shares of the transportation company’s stock worth $3,808,000 after buying an additional 3,300 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in Knight-Swift Transportation in the second quarter valued at about $245,000. GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 20.0% in the second quarter. GAMMA Investing LLC now owns 4,380 shares of the transportation company’s stock valued at $341,000 after acquiring an additional 729 shares during the period. Mader & Shannon Wealth Management Inc. increased its holdings in shares of Knight-Swift Transportation by 1.7% in the second quarter. Mader & Shannon Wealth Management Inc. now owns 171,537 shares of the transportation company’s stock worth $13,358,000 after acquiring an additional 2,818 shares in the last quarter. Finally, DV Trading LLC bought a new stake in shares of Knight-Swift Transportation in the first quarter worth about $287,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.