Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $90.00

Knight-Swift Transportation (NYSE:KNX) had its target price upped by Stifel Nicolaus from $88.00 to $90.00 in a research report released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the transportation company’s stock.

Several other research firms have also issued reports on KNX. Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lowered their price objective on shares of Knight-Swift Transportation from $84.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Morgan Stanley set a $90.00 target price on Knight-Swift Transportation in a research note on Wednesday, September 2nd. Benchmark raised 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, Citizens Jmp started coverage on Knight-Swift Transportation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price target on the stock. Two equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.28.

Knight-Swift Transportation Stock Down 0.8%

Shares of NYSE KNX opened at $64.50 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation has a 52 week low of $41.24 and a 52 week high of $82.86. The stock has a market capitalization of $10.50 billion, a P/E ratio of 248.09, a PEG ratio of 0.53 and a beta of 1.21. The stock’s fifty day moving average is $68.17 and its 200 day moving average is $69.08.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The business had revenue of $2.10 billion during 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 quarter in the prior year, the business posted $0.21 earnings per share. 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 2.46 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 4th were given a $0.20 dividend. 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 (DPR) is currently 307.69%.

Insiders Place Their Bets

In related news, CEO Reid Dove sold 126,864 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares in the company, 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. Over the last quarter, insiders have sold 224,954 shares of company stock valued at $16,183,454. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently bought and sold shares of KNX. GAMMA Investing LLC raised its position 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 worth $345,000 after purchasing an additional 1,046 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Knight-Swift Transportation by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,516 shares of the transportation company’s stock valued at $160,000 after buying an additional 720 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Knight-Swift Transportation by 11.1% in the 2nd quarter. QRG Capital Management Inc. now owns 9,951 shares of the transportation company’s stock valued at $775,000 after buying an additional 991 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Knight-Swift Transportation in the second quarter valued at about $203,000. Finally, MCF Advisors LLC increased its stake in shares of Knight-Swift Transportation by 55.8% in the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after buying an additional 242 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.