Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) has received a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.2353.
Several research firms have weighed in on KNX. Benchmark reaffirmed a “buy” rating on shares of Knight-Swift Transportation in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and upped their price target for the stock from $43.00 to $53.00 in a research note on Thursday, October 2nd. Evercore ISI lowered their price objective on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating for the company in a research report on Tuesday, September 30th. Barclays dropped their target price on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Finally, Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $41.00 to $50.00 in a research note on Thursday, October 16th.
View Our Latest Stock Analysis on Knight-Swift Transportation
Knight-Swift Transportation Stock Performance
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, research analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current year.
Knight-Swift Transportation Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 81.82%.
Insider Activity
In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 35,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the completion of the transaction, the chairman owned 1,405,347 shares in the company, valued at approximately $71,686,750.47. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the completion of the sale, the chief accounting officer directly owned 5,644 shares in the company, valued at $254,205.76. This trade represents a 43.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 43,992 shares of company stock worth $2,220,707. Insiders own 3.00% of the company’s stock.
Hedge Funds Weigh In On Knight-Swift Transportation
Several large investors have recently modified their holdings of the stock. Allworth Financial LP grew its position in Knight-Swift Transportation by 19.5% during the 3rd quarter. Allworth Financial LP now owns 4,174 shares of the transportation company’s stock valued at $165,000 after purchasing an additional 681 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Knight-Swift Transportation by 295.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,839 shares of the transportation company’s stock worth $112,000 after buying an additional 2,121 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Knight-Swift Transportation during the third quarter valued at approximately $99,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Knight-Swift Transportation during the third quarter valued at approximately $836,000. Hedge funds and other institutional investors 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.
See Also
- Five stocks we like better than Knight-Swift Transportation
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- These 3 Banks Are Rallying Into Year-End, But Will It Continue?
- How to Buy Gold Stock and Invest in Gold
- 3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&P 500
- ESG Stocks, What Investors Should Know
- This ETF Caught a Major Tailwind After the Fed’s Rate Cut
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.
