Knight-Swift Transportation (NYSE:KNX) Reaches New 52-Week High – Still a Buy?

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) hit a new 52-week high on Wednesday . The stock traded as high as $62.20 and last traded at $61.0350, with a volume of 263817 shares changing hands. The stock had previously closed at $60.05.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $41.00 to $50.00 in a research report on Thursday, October 16th. Benchmark boosted their price objective on Knight-Swift Transportation from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Stephens cut their target price on Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price target on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Finally, Morgan Stanley upped their price objective on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Knight-Swift Transportation Trading Up 1.4%

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 1.33. The company has a market capitalization of $9.89 billion, a P/E ratio of 148.13, a price-to-earnings-growth ratio of 0.88 and a beta of 1.15. The firm has a fifty day moving average price of $55.00 and a 200-day moving average price of $47.43.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 21st. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Reed Stultz sold 4,692 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the completion of the transaction, the senior vice president owned 465 shares of the company’s stock, valued at approximately $23,952.15. The trade was a 90.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Kevin P. Knight sold 35,000 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the sale, the chairman owned 1,405,347 shares in the company, valued at approximately $71,686,750.47. This trade represents a 2.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 46,852 shares of company stock worth $2,426,770. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its position in Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 267 shares during the last quarter. ProShare Advisors LLC lifted its position in Knight-Swift Transportation by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company’s stock valued at $333,000 after acquiring an additional 276 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Knight-Swift Transportation by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock worth $2,091,000 after purchasing an additional 306 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Knight-Swift Transportation by 7.9% during the fourth quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 309 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in Knight-Swift Transportation by 0.4% in the 4th quarter. Lido Advisors LLC now owns 75,102 shares of the transportation company’s stock worth $3,926,000 after purchasing an additional 335 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.