Knight-Swift Transportation (NYSE:KNX) Stock Price Target Lowered at Wells Fargo & Company

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by Wells Fargo & Company from $86.00 to $81.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on KNX. Sanford C. Bernstein began coverage on Knight-Swift Transportation in a research report on Thursday, September 10th. They issued an “outperform” rating and a $91.00 target price for the company. Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citigroup reissued a “market outperform” rating on shares of Knight-Swift Transportation in a research note on Wednesday, August 26th. Wall Street Zen lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Two 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.89.

Knight-Swift Transportation Stock Down 0.8%

Knight-Swift Transportation stock opened at $64.73 on Tuesday. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 248.97, a PEG ratio of 0.54 and a beta of 1.21. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $68.51 and its two-hundred day moving average price is $68.96. Knight-Swift Transportation has a 52 week low of $41.24 and a 52 week high of $82.86.

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

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 4th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Knight-Swift Transportation’s payout ratio is currently 307.69%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the sale, the director directly owned 30,252 shares in the company, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 224,954 shares of company stock worth $16,183,454. 2.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KNX. Blue Trust Inc. boosted its position in Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares during the period. MCF Advisors LLC grew its stake in Knight-Swift Transportation by 55.8% during the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 242 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at about $72,000. Bessemer Group Inc. increased its holdings in shares of Knight-Swift Transportation by 280.2% in the 1st quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 1,569 shares during the period. Finally, Modern Wealth Management LLC purchased a new stake in shares of Knight-Swift Transportation in the first quarter worth approximately $201,000. 88.77% of the stock is owned by institutional investors and hedge funds.

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.