Knight-Swift Transportation (NYSE:KNX) Shares Gap Down – Time to Sell?

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) gapped down before the market opened on Wednesday . The stock had previously closed at $68.49, but opened at $65.71. Knight-Swift Transportation shares last traded at $66.0860, with a volume of 1,156,218 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on KNX shares. Stephens raised Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Morgan Stanley set a $90.00 price objective on Knight-Swift Transportation in a research report on Wednesday, September 2nd. Wells Fargo & Company raised their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Bank of America upped their target price on shares of Knight-Swift Transportation from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $84.26.

Knight-Swift Transportation Trading Up 1.4%

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 company has a market cap of $10.86 billion, a P/E ratio of 256.55, a P/E/G ratio of 0.54 and a beta of 1.18. The business has a 50-day moving average price of $70.81 and a two-hundred day moving average price of $68.17.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. Knight-Swift Transportation’s revenue for the quarter 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, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

Insider Activity

In related news, CEO Reid Dove sold 126,864 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Cary Flanagan sold 3,600 shares of the 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 transaction, 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. The SEC filing for this sale provides additional information. Insiders sold 224,954 shares of company stock worth $16,183,454 over the last quarter. 2.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Manning & Napier Advisors LLC bought a new stake in Knight-Swift Transportation in the 2nd quarter valued at about $173,669,000. Norges Bank bought a new position in Knight-Swift Transportation in the fourth quarter worth approximately $92,070,000. Pzena Investment Management LLC bought a new position in Knight-Swift Transportation in the fourth quarter worth approximately $66,151,000. Encompass Capital Advisors LLC acquired a new stake in Knight-Swift Transportation in the first quarter valued at approximately $28,790,000. Finally, Baird Financial Group Inc. grew its stake in Knight-Swift Transportation by 152.4% in the second quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company’s stock valued at $33,175,000 after acquiring an additional 257,256 shares during the period. 88.77% of the stock is currently owned by institutional investors.

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.