Susquehanna Has Lowered Expectations for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its price objective lowered by stock analysts at Susquehanna from $96.00 to $85.00 in a report released on Friday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 29.85% from the company’s current price.

Other analysts also recently issued reports about the company. Zacks Research downgraded Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Barclays boosted their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Sanford C. Bernstein assumed coverage on shares of Knight-Swift Transportation in a research note on Thursday, September 10th. They issued an “outperform” rating and a $91.00 target price on the stock. Citigroup restated a “market outperform” rating on shares of Knight-Swift Transportation in a report on Wednesday, August 26th. Finally, Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.06.

Knight-Swift Transportation Trading Up 2.9%

Shares of KNX stock opened at $65.46 on Friday. Knight-Swift Transportation has a 1 year low of $39.06 and a 1 year high of $82.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $68.84 and its two-hundred day simple moving average is $68.69. The company has a market cap of $10.65 billion, a PE ratio of 251.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21.

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

Insider Buying and Selling

In related news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 224,954 shares of company stock valued at $16,183,454 in the last 90 days. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of large investors have recently modified their holdings of KNX. Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 60,750 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Knight-Swift Transportation during the 2nd quarter worth $173,669,000. Norges Bank bought a new position in shares of Knight-Swift Transportation during the 4th quarter worth $92,070,000. Brandes Investment Partners LP grew its position in shares of Knight-Swift Transportation by 12.3% during the 4th quarter. Brandes Investment Partners LP now owns 1,414,368 shares of the transportation company’s stock worth $73,943,000 after buying an additional 154,525 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Knight-Swift Transportation by 20.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,385,655 shares of the transportation company’s stock valued at $72,442,000 after buying an additional 231,806 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.