JPMorgan Chase & Co. Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $68.00

Knight-Swift Transportation (NYSE:KNX) had its price target cut by JPMorgan Chase & Co. from $84.00 to $68.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other brokerages have also recently commented on KNX. Barclays lifted their price target on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Benchmark increased their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Raymond James Financial lifted their target price on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Citizens Jmp assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.39.

Knight-Swift Transportation Trading Down 1.4%

Shares of KNX opened at $63.69 on Monday. The stock’s fifty day simple moving average is $68.36 and its 200-day simple moving average is $69.03. The firm has a market capitalization of $10.37 billion, a PE ratio of 244.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. Knight-Swift Transportation has a 12-month low of $41.24 and a 12-month high of $82.86. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm 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 was up 12.6% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, research analysts predict that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 4th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Knight-Swift Transportation’s dividend payout ratio is 307.69%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director David Vander Ploeg sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the completion of the sale, the director owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Cary M. Flanagan sold 3,600 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,954 shares of company stock worth $16,183,454 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently made changes to their positions in KNX. QRG Capital Management Inc. increased its position in shares of Knight-Swift Transportation by 11.1% in the 2nd quarter. QRG Capital Management Inc. now owns 9,951 shares of the transportation company’s stock valued at $775,000 after buying an additional 991 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Knight-Swift Transportation during the second quarter worth about $203,000. MCF Advisors LLC grew its stake in Knight-Swift Transportation by 55.8% in the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 242 shares during the period. Engineers Gate Manager LP grew its stake in Knight-Swift Transportation by 54.3% in the second quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock valued at $13,646,000 after acquiring an additional 61,706 shares during the period. Finally, Cidel Asset Management Inc. acquired a new position in Knight-Swift Transportation in the second quarter valued at about $208,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

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.