Knight-Swift Transportation (NYSE:KNX) Stock Gets Price Target Reduction from UBS Group

Knight-Swift Transportation (NYSE:KNX) had its price target cut by UBS Group from $94.00 to $82.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other research firms have also weighed in on KNX. Morgan Stanley set a $90.00 target price on shares of Knight-Swift Transportation in a report on Wednesday, September 2nd. Citizens Jmp initiated coverage on shares of Knight-Swift Transportation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price target on the stock. Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Raymond James Financial increased their price objective on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Knight-Swift Transportation from $86.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus price target of $82.83.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $65.31 on Tuesday. The stock has a market capitalization of $10.63 billion, a PE ratio of 251.19, a P/E/G ratio of 0.53 and a beta of 1.21. The business has a 50 day simple moving average of $67.69 and a two-hundred day simple moving average of $69.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. Knight-Swift Transportation has a 1-year low of $41.24 and a 1-year high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data 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 for 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 was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts predict that Knight-Swift Transportation will post 2.46 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 4th were given 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 yield of 1.2%. Knight-Swift Transportation’s dividend payout ratio is 307.69%.

Insider Activity

In other news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, August 13th. The stock was 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 accessible through the SEC website. Also, CAO Cary Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the transaction, the chief accounting officer owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 224,954 shares of company stock valued at $16,183,454 in the last ninety days. Insiders own 2.90% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of institutional investors have recently bought and sold shares of KNX. Triasima Portfolio Management inc. bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth about $546,000. Assenagon Asset Management S.A. purchased a new position in shares of Knight-Swift Transportation during the 3rd quarter worth about $29,990,000. Krilogy Financial LLC grew its holdings in Knight-Swift Transportation by 14.7% during the 3rd quarter. Krilogy Financial LLC now owns 4,839 shares of the transportation company’s stock valued at $312,000 after purchasing an additional 622 shares during the last quarter. GAMMA Investing LLC grew its holdings in Knight-Swift Transportation by 23.9% during the 3rd quarter. GAMMA Investing LLC now owns 5,426 shares of the transportation company’s stock valued at $345,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Knight-Swift Transportation by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,516 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 720 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

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.