Knight-Swift Transportation (NYSE:KNX) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Knight-Swift Transportation (NYSE:KNX) in a research note published on Thursday morning, Marketbeat reports. The brokerage issued an outperform rating and a $91.00 price objective on the transportation company’s stock.

A number of other research firms have also recently commented on KNX. Zacks Research cut Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Stifel Nicolaus upped their target price on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Susquehanna raised their price target on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Citizens Jmp initiated coverage on shares of Knight-Swift Transportation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.26.

Knight-Swift Transportation Price Performance

KNX stock opened at $67.75 on Thursday. The stock’s 50 day moving average price is $71.45 and its 200 day moving average price is $67.92. The firm has a market cap of $11.03 billion, a P/E ratio of 260.59, a PEG ratio of 0.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation has a 1 year low of $38.63 and a 1 year high of $82.86.

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

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 4th. This represents a $0.80 annualized dividend and a yield of 1.2%. Knight-Swift Transportation’s dividend payout ratio is 307.69%.

Insiders Place Their Bets

In related news, Director David Vander Ploeg sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were 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 of the company’s stock, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief accounting officer owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. The trade was a 39.98% 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 have sold 224,954 shares of company stock valued at $16,183,454. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings in shares of Knight-Swift Transportation by 7,314.3% during the 2nd quarter. California State Teachers Retirement System now owns 14,279,801 shares of the transportation company’s stock worth $1,111,968,000 after purchasing an additional 14,087,203 shares during the period. Wellington Management Group LLP increased its position in Knight-Swift Transportation by 23.6% during the 4th 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. Manning & Napier Advisors LLC purchased a new position in Knight-Swift Transportation in the second quarter valued at approximately $173,669,000. Invesco Ltd. raised its holdings in Knight-Swift Transportation by 513.6% in the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock valued at $126,354,000 after buying an additional 2,022,996 shares during the period. Finally, Norges Bank acquired a new position in Knight-Swift Transportation during the fourth quarter valued at approximately $92,070,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.