Knight-Swift Transportation (NYSE:KNX) Stock Rating Upgraded by Wall Street Zen

Knight-Swift Transportation (NYSE:KNX) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Stifel Nicolaus raised their price objective on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group boosted their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Finally, Barclays increased their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $84.44.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $69.59 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $75.64 and a 200 day moving average price of $65.54. Knight-Swift Transportation has a 1-year low of $38.63 and a 1-year high of $82.86. The company has a market cap of $11.31 billion, a PE ratio of 267.68, a P/E/G ratio of 0.59 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. Knight-Swift Transportation’s revenue was up 12.6% compared to the same quarter last year. During the same period 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. Sell-side analysts forecast that Knight-Swift Transportation will post 2.42 EPS for the current year.

Insider Buying and Selling at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction 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 in the company, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reid Dove sold 50,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.25, for a total value of $3,512,500.00. Following the completion of the transaction, the director owned 169,154 shares of the company’s stock, valued at approximately $11,883,068.50. This represents a 22.82% decrease in their position. The SEC filing for this sale provides additional information. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several hedge funds have recently added to or reduced their stakes in KNX. Wellington Management Group LLP increased its position in Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after purchasing an additional 2,468,293 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Knight-Swift Transportation by 513.6% during the 4th quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock worth $126,354,000 after acquiring an additional 2,022,996 shares during the period. Norges Bank purchased a new position in shares of Knight-Swift Transportation during the 4th quarter worth about $92,070,000. Balyasny Asset Management L.P. lifted its holdings in shares of Knight-Swift Transportation by 269.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock worth $88,164,000 after acquiring an additional 1,627,791 shares during the period. Finally, Pzena Investment Management LLC acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter worth approximately $66,151,000. 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.