Knight-Swift Transportation (NYSE:KNX) Rating Increased to Buy at Citigroup

Knight-Swift Transportation (NYSE:KNX) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports. The brokerage presently has a $64.00 target price on the transportation company’s stock. Citigroup’s target price suggests a potential upside of 21.15% from the stock’s current price.

Several other research firms have also recently weighed in on KNX. Wells Fargo & Company increased their price objective on Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Barclays upped their target price on shares of Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Zacks Research raised shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, UBS Group raised their price target on shares of Knight-Swift Transportation from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus target price of $60.78.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded up $0.82 during trading hours on Friday, hitting $52.83. 1,178,485 shares of the company’s stock were exchanged, compared to its average volume of 3,280,583. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $64.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 128.71, a PEG ratio of 0.82 and a beta of 1.12. The company’s 50-day moving average price is $58.14 and its 200-day moving average price is $49.95.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.90 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. Knight-Swift Transportation’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, sell-side analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other news, COO James L. Fitzsimmons sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total transaction of $324,074.09. Following the sale, the chief operating officer owned 8,716 shares of the company’s stock, valued at $477,375.32. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael K. Liu sold 1,243 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total transaction of $75,661.41. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,930 shares of company stock worth $2,581,186 over the last quarter. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in Knight-Swift Transportation by 23.6% in the fourth quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock valued at $675,380,000 after buying an additional 2,468,293 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Knight-Swift Transportation by 0.9% during the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after buying an additional 76,342 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Knight-Swift Transportation by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after purchasing an additional 129,651 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Knight-Swift Transportation by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock valued at $244,250,000 after acquiring an additional 315,192 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in Knight-Swift Transportation by 50.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after purchasing an additional 984,422 shares during the period. Institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.