Knight-Swift Transportation (NYSE:KNX) Stock Gets Price Target Trim from UBS Group

Key Points

• UBS Group lowered Knight-Swift Transportation’s price target from $94 to $82 while maintaining a “buy” rating, implying approximately 30% upside from the prior close.
• Shares fell 2.3% to $63.03, while analysts maintained a consensus “Moderate Buy” rating and an average price target of $82.83.
• The company exceeded quarterly expectations with earnings of $0.63 per share versus a $0.51 estimate and revenue of $2.10 billion; however, insiders have sold roughly $16.2 million worth of stock over the past three months.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price lowered by research analysts at UBS Group from $94.00 to $82.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. UBS Group's price objective would indicate a potential upside of 30.10% from the company's previous close.

Several other brokerages have also issued reports on KNX. Citizens Jmp assumed coverage on shares of 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. Citigroup cut their price target on shares of Knight-Swift Transportation from $90.00 to $81.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. JPMorgan Chase & Co. reduced 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 note on Monday, October 5th. Morgan Stanley set a $90.00 price objective on Knight-Swift Transportation in a report on Wednesday, September 2nd. Finally, Barclays raised their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.83.

Knight-Swift Transportation Stock Down 2.3%

Knight-Swift Transportation stock traded down $1.49 during midday trading on Tuesday, reaching $63.03. The stock had a trading volume of 4,530,078 shares, compared to its average volume of 3,660,388. The stock has a market capitalization of $10.26 billion, a P/E ratio of 242.42, a price-to-earnings-growth ratio of 0.54 and a beta of 1.21. The firm's fifty day simple moving average is $68.09 and its 200-day simple moving average is $69.25. 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 1-year low of $41.24 and a 1-year high of $82.86.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly 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 the consensus estimate of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%. The business's revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, analysts expect that Knight-Swift Transportation will post 2.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David Vander Ploeg sold 2,200 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the completion of the transaction, the director owned 30,252 shares of the company's stock, valued at $1,583,087.16. This trade represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief accounting officer owned 5,405 shares in the company, valued at $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 224,954 shares of company stock valued at $16,183,454. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company's stock valued at $31,000 after purchasing an additional 301 shares during the period. MCF Advisors LLC lifted its holdings in Knight-Swift Transportation by 55.8% during the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company's stock worth $53,000 after buying an additional 242 shares during the period. Harbor Investment Advisory LLC acquired a new position in Knight-Swift Transportation during the 1st quarter worth about $72,000. Bessemer Group Inc. lifted its holdings in Knight-Swift Transportation by 280.2% during the 1st quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company's stock worth $122,000 after buying an additional 1,569 shares during the period. Finally, 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. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Company Profile

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.

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