Knight-Swift Transportation (NYSE:KNX) Stock Price Target Lowered at JPMorgan Chase & Co.

Knight-Swift Transportation (NYSE:KNX) had its price target decreased by JPMorgan Chase & Co. from $84.00 to $68.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

KNX has been the subject of several other research reports. Zacks Research cut Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Stifel Nicolaus increased their price objective on Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley set a $90.00 target price on Knight-Swift Transportation in a research note on Wednesday, September 2nd. Benchmark upped their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, TD Cowen increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $65.38 on Monday. Knight-Swift Transportation has a fifty-two week low of $41.24 and a fifty-two week high of $82.86. The firm’s 50 day simple moving average is $68.62 and its 200-day simple moving average is $68.88. 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 company has a market cap of $10.64 billion, a P/E ratio of 251.48, a price-to-earnings-growth ratio of 0.55 and a beta of 1.21.

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

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 4th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 307.69%.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary Flanagan sold 3,600 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the sale, the director owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. The trade was a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 224,954 shares of company stock worth $16,183,454. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of Knight-Swift Transportation in the second quarter valued at about $3,811,000. California Public Employees Retirement System grew its position in Knight-Swift Transportation by 3.1% during the first quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company’s stock worth $16,807,000 after buying an additional 8,653 shares in the last quarter. First Trust Advisors LP increased its stake in Knight-Swift Transportation by 36.1% during the first quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company’s stock valued at $30,160,000 after acquiring an additional 138,949 shares during the period. Great Lakes Advisors LLC bought a new position in Knight-Swift Transportation during the second quarter valued at about $8,790,000. Finally, Engineers Gate Manager LP raised its holdings in Knight-Swift Transportation by 54.3% in the 2nd quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock valued at $13,646,000 after acquiring an additional 61,706 shares in the last quarter. 88.77% of the stock is currently 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.