Weekly Research Analysts’ Ratings Changes for Knight-Swift Transportation (KNX)

Several brokerages have updated their recommendations and price targets on shares of Knight-Swift Transportation (NYSE: KNX) in the last few weeks:

• 10/25/2024 – Knight-Swift Transportation had its price target raised by analysts at Stifel Nicolaus from $47.00 to $48.00. They now have a “hold” rating on the stock.
• 10/24/2024 – Knight-Swift Transportation had its price target lowered by analysts at Morgan Stanley from $72.00 to $70.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – Knight-Swift Transportation had its price target raised by analysts at Evercore ISI from $49.00 to $52.00. They now have an “in-line” rating on the stock.
• 10/24/2024 – Knight-Swift Transportation had its price target raised by analysts at Bank of America Co. from $57.00 to $58.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Knight-Swift Transportation had its price target raised by analysts at TD Cowen from $55.00 to $56.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Knight-Swift Transportation had its price target raised by analysts at Raymond James from $57.00 to $58.00. They now have a “strong-buy” rating on the stock.
• 10/9/2024 – Knight-Swift Transportation had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $48.00 to $44.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – Knight-Swift Transportation is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $55.00 price target on the stock.
• 10/3/2024 – Knight-Swift Transportation had its price target lowered by analysts at Evercore ISI from $55.00 to $49.00. They now have an “in-line” rating on the stock.
• 9/26/2024 – Knight-Swift Transportation had its price target raised by analysts at Susquehanna from $45.00 to $48.00. They now have a “neutral” rating on the stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $53.65 on Wednesday. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 233.27, a PEG ratio of 1.90 and a beta of 0.92. The business has a fifty day simple moving average of $52.22 and a 200 day simple moving average of $50.37.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $0.41 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.06 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.19%. Knight-Swift Transportation’s payout ratio is 278.27%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total value of $101,140.00. Following the sale, the director now directly owns 17,648 shares in the company, valued at approximately $892,459.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the sale, the director now directly owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the sale, the director now directly owns 17,648 shares of the company’s stock, valued at $892,459.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,196 shares of company stock worth $4,367,869 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KNX. Commonwealth Equity Services LLC raised its stake in shares of Knight-Swift Transportation by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company’s stock valued at $1,230,000 after acquiring an additional 196 shares during the last quarter. United Services Automobile Association increased its holdings in shares of Knight-Swift Transportation by 1.6% during the second quarter. United Services Automobile Association now owns 12,770 shares of the transportation company’s stock valued at $637,000 after acquiring an additional 199 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after purchasing an additional 200 shares during the period. MQS Management LLC lifted its holdings in shares of Knight-Swift Transportation by 3.7% in the 2nd quarter. MQS Management LLC now owns 6,981 shares of the transportation company’s stock worth $348,000 after purchasing an additional 250 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 36.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 302 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.