Brokerages Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) PT at $84.44

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned a consensus recommendation of “Buy” from the twenty analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $84.4444.

KNX has been the topic of a number of recent research reports. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Thursday, July 9th. Morgan Stanley boosted their target price on shares of Knight-Swift Transportation from $70.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Bank of America increased their target price on Knight-Swift Transportation from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group lifted their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Stifel Nicolaus boosted their price objective on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd.

Knight-Swift Transportation Trading Up 0.1%

Shares of Knight-Swift Transportation stock opened at $69.59 on Friday. The stock has a market capitalization of $11.31 billion, a P/E ratio of 267.68, a P/E/G ratio of 0.59 and a beta of 1.18. Knight-Swift Transportation has a 52-week low of $38.63 and a 52-week high of $82.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day simple moving average is $75.64 and its 200 day simple moving average is $65.54.

Knight-Swift Transportation (NYSE:KNX) last issued its 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 firm 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 company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business 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 anticipate that Knight-Swift Transportation will post 2.42 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Insider Activity

In related news, CAO Cary M. Flanagan sold 3,600 shares of the business’s 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reid Dove sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.25, for a total transaction of $3,512,500.00. Following the sale, the director directly owned 169,154 shares in the company, valued at $11,883,068.50. This trade represents a 22.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in shares of Knight-Swift Transportation by 23.3% in the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after purchasing an additional 1,124 shares during the period. Focus Partners Wealth bought a new stake in Knight-Swift Transportation during the first quarter valued at $451,000. Cetera Investment Advisers grew its position in Knight-Swift Transportation by 6.9% during the second quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after buying an additional 882 shares in the last quarter. Invesco Ltd. grew its position in Knight-Swift Transportation by 57.7% during the second quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock worth $48,110,000 after buying an additional 398,116 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Knight-Swift Transportation by 54.3% in the 2nd quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock worth $21,748,000 after acquiring an additional 172,956 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Company Profile

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.