Knight-Swift Transportation (NYSE:KNX) Given New $65.00 Price Target at Wells Fargo & Company

Knight-Swift Transportation (NYSE:KNX) had its price objective lifted by research analysts at Wells Fargo & Company from $60.00 to $65.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.33% from the company’s previous close.

Several other equities research analysts have also recently weighed in on KNX. Stifel Nicolaus upped their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Stephens dropped their target price on Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Weiss Ratings downgraded Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Morgan Stanley boosted their target price on Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, TD Cowen boosted their target price on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.83.

Knight-Swift Transportation Stock Up 0.4%

KNX stock traded up $0.25 during midday trading on Tuesday, hitting $60.00. The stock had a trading volume of 188,363 shares, compared to its average volume of 3,210,797. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 146.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.11. The business has a 50-day moving average of $57.81 and a two-hundred day moving average of $51.53. Knight-Swift Transportation has a 52-week low of $37.70 and a 52-week 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.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly 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 firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.Knight-Swift Transportation’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, equities research analysts forecast that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the transaction, the chairman directly owned 1,305,347 shares of the company’s stock, valued at $79,626,167. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO James L. Fitzsimmons sold 5,917 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $54.77, for a total value of $324,074.09. Following the transaction, the chief operating officer directly owned 8,716 shares in the company, valued at approximately $477,375.32. The trade was a 40.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,930 shares of company stock valued at $2,581,186. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of Knight-Swift Transportation by 23.6% during 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 purchasing an additional 2,468,293 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Knight-Swift Transportation by 0.9% in the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock valued at $335,682,000 after acquiring an additional 76,342 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Knight-Swift Transportation by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after acquiring an additional 129,651 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Knight-Swift Transportation by 7.2% in the fourth 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 during the period. Finally, Ensign Peak Advisors Inc lifted its holdings in Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after acquiring an additional 984,422 shares during the period. 88.77% of the stock is owned by institutional investors.

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.