Knight-Swift Transportation (NYSE:KNX) Shares Gap Down – Here’s Why

Knight-Swift Transportation Holdings Inc. (NYSE:KNX)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $68.49, but opened at $65.71. Knight-Swift Transportation shares last traded at $66.0860, with a volume of 1,156,218 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays boosted their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. TD Cowen raised their target price on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Sanford C. Bernstein initiated coverage on shares of Knight-Swift Transportation in a research report on Thursday, September 10th. They issued an “outperform” rating and a $91.00 price target for the company. Finally, Wall Street Zen downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.26.

Knight-Swift Transportation Price Performance

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 stock has a fifty day simple moving average of $71.20 and a two-hundred day simple moving average of $68.11. The company has a market cap of $10.72 billion, a PE ratio of 252.67, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 12.6% on a year-over-year basis. 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, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cary M. Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the sale, the chief accounting officer owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 224,954 shares of company stock valued at $16,183,454 in the last ninety days. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares during the period. Clearstead Advisors LLC grew its stake in Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after acquiring an additional 385 shares during the period. MCF Advisors LLC raised its holdings in Knight-Swift Transportation by 55.8% in 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 during the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Knight-Swift Transportation during the 1st quarter worth $72,000. Finally, Bessemer Group Inc. lifted its stake in shares of Knight-Swift Transportation by 280.2% during the 1st quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock worth $122,000 after purchasing an additional 1,569 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.