Knight-Swift Transportation (NYSE:KNX) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other research analysts have also weighed in on KNX. Wells Fargo & Company reduced their price objective on shares of Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. UBS Group lowered shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $46.00 to $51.00 in a report on Friday, September 5th. Morgan Stanley decreased their price target on shares of Knight-Swift Transportation from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, October 6th. 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. Finally, Stifel Nicolaus lifted their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $53.29.

Knight-Swift Transportation Stock Up 0.3%

NYSE:KNX opened at $50.87 on Wednesday. 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 12-month low of $36.69 and a 12-month high of $61.51. The stock’s fifty day simple moving average is $44.40 and its 200-day simple moving average is $43.94. 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.

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

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Knight-Swift Transportation’s dividend payout ratio is presently 81.82%.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 4,300 shares of Knight-Swift Transportation stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the sale, the chief accounting officer owned 5,644 shares of the company’s stock, valued at $254,205.76. This trade represents a 43.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its stake in Knight-Swift Transportation by 19.5% in the 3rd quarter. Allworth Financial LP now owns 4,174 shares of the transportation company’s stock valued at $165,000 after acquiring an additional 681 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings 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 valued at $112,000 after purchasing an additional 2,121 shares during the last quarter. Danske Bank A S bought a new stake in shares of Knight-Swift Transportation in the third quarter worth $99,000. Caitong International Asset Management Co. Ltd boosted its holdings in 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 worth $35,000 after purchasing an additional 828 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Knight-Swift Transportation in the third quarter valued at $836,000. 88.77% of the stock is currently owned by institutional investors.

About Knight-Swift Transportation

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.