Knight-Swift Transportation (NYSE:KNX) Raised to Hold at Zacks Research

Knight-Swift Transportation (NYSE:KNX) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on KNX. Benchmark reiterated a “buy” rating on shares of Knight-Swift Transportation in a research note on Friday, October 24th. Citigroup lowered their price objective on shares of Knight-Swift Transportation from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Knight-Swift Transportation in a research note on Monday. TD Cowen increased their price target on Knight-Swift Transportation from $44.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley cut their price target on Knight-Swift Transportation from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.29.

Knight-Swift Transportation Trading Up 0.3%

KNX opened at $50.87 on Wednesday. The firm has a market capitalization of $8.26 billion, a P/E ratio of 57.80, a P/E/G ratio of 1.03 and a beta of 1.17. The firm’s 50 day moving average is $44.40 and its 200-day moving average is $43.94. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Activity

In other news, CAO Cary M. Flanagan sold 4,300 shares of the company’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 owned 5,644 shares in the company, valued at $254,205.76. This represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently made changes to their positions in KNX. Brooklyn Investment Group boosted its stake in shares of Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after acquiring an additional 310 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Knight-Swift Transportation by 1,478.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after buying an additional 828 shares during the period. SJS Investment Consulting Inc. lifted its stake in Knight-Swift Transportation by 7,100.0% during the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock valued at $37,000 after buying an additional 923 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Knight-Swift Transportation by 111.3% in the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock worth $37,000 after buying an additional 493 shares during the period. Finally, MMA Asset Management LLC acquired a new position in shares of Knight-Swift Transportation in the third quarter worth about $41,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.