Wall Street Zen Downgrades Knight-Swift Transportation (NYSE:KNX) to Hold

Knight-Swift Transportation (NYSE:KNX) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Susquehanna increased their target price on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Raymond James Financial boosted their price target on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 2nd. Barclays increased their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Citigroup reiterated a “market outperform” rating on shares of Knight-Swift Transportation in a report on Wednesday. Finally, Stephens raised Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.44.

Knight-Swift Transportation Trading Down 2.4%

NYSE:KNX traded down $1.62 on Friday, reaching $67.28. 3,152,152 shares of the company’s stock were exchanged, compared to its average volume of 2,871,286. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 258.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The business has a fifty day moving average of $72.87 and a 200-day moving average of $67.26. Knight-Swift Transportation has a 52-week low of $38.63 and a 52-week high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, analysts expect that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 2,200 shares of the firm’s stock in a transaction on 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 $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Cary M. Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,954 shares of company stock valued at $16,183,454 over the last quarter. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in Knight-Swift Transportation by 7,314.3% in the second quarter. California State Teachers Retirement System now owns 14,279,801 shares of the transportation company’s stock valued at $1,111,968,000 after purchasing an additional 14,087,203 shares during the last quarter. Wellington Management Group LLP raised its holdings in 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 worth $675,380,000 after purchasing an additional 2,468,293 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Knight-Swift Transportation by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock worth $486,995,000 after buying an additional 60,750 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Knight-Swift Transportation by 50.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after buying an additional 984,422 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock valued at $127,087,000 after buying an additional 745,787 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

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.