Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $59.00

Knight-Swift Transportation (NYSE:KNX) had its target price upped by Stifel Nicolaus from $52.00 to $59.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms also recently commented on KNX. Susquehanna dropped their price target on shares of Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Wells Fargo & Company lifted their target price on Knight-Swift Transportation from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. UBS Group downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $46.00 to $51.00 in a report on Friday, September 5th. Zacks Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Evercore ISI dropped their price objective on shares of Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.24.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $52.58 on Tuesday. The stock’s 50 day simple moving average is $46.49 and its 200-day simple moving average is $44.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $8.54 billion, a PE ratio of 59.74, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly 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 firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the firm posted $0.34 EPS. The company’s 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. As a group, equities research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

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

Insider Activity

In related news, Chairman Kevin P. Knight sold 35,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total value of $1,785,350.00. Following the completion of the transaction, the chairman owned 1,405,347 shares of the company’s stock, valued at approximately $71,686,750.47. The trade was a 2.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $45.04, for a total transaction of $193,672.00. Following the sale, the chief accounting officer owned 5,644 shares in the company, valued at approximately $254,205.76. This trade represents a 43.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 43,992 shares of company stock worth $2,220,707. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently bought and sold shares of the company. Allworth Financial LP increased its holdings 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 worth $165,000 after purchasing an additional 681 shares during the last quarter. CIBC Private Wealth Group LLC increased 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 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 raised its holdings in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 828 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Knight-Swift Transportation during the 3rd quarter valued at $836,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.