Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts remain bullish: Knight-Swift Transportation has a “Moderate Buy” consensus from 20 analysts, with an average 12-month price target of $84.44 versus the reported share price of $69.13.
• Quarterly results exceeded expectations: The company reported EPS of $0.63 versus the $0.51 consensus and revenue of $2.10 billion, up 12.6% year over year. Management issued third-quarter EPS guidance of $0.71–$0.77.
• Shareholder returns and trading activity: Knight-Swift declared a quarterly dividend of $0.20, equivalent to a 1.2% annualized yield, while insiders sold more than $16 million of stock over the past 90 days.

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $84.4444.

Several analysts have issued reports on the company. Wall Street Zen raised Knight-Swift Transportation from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Bank of America boosted their price target 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. Benchmark upped their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. Raymond James Financial raised their price objective on Knight-Swift Transportation from $76.00 to $91.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 2nd. Finally, TD Cowen lifted their target price on Knight-Swift Transportation from $82.00 to $86.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd.

Knight-Swift Transportation Trading Down 3.4%

NYSE:KNX opened at $69.13 on Tuesday. The firm has a 50-day simple moving average of $73.35 and a 200-day simple moving average of $67.07. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $82.86. The firm has a market cap of $11.25 billion, a P/E ratio of 265.90, a P/E/G ratio of 0.59 and a beta of 1.18. 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 (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities analysts anticipate that Knight-Swift Transportation will post 2.49 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is 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 M. Flanagan sold 3,600 shares of the 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 sale, the chief accounting officer owned 5,405 shares of the company's stock, valued at $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ploeg David Vander sold 2,200 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the sale, the director owned 30,252 shares of the company's stock, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 224,954 shares of company stock valued at $16,183,454 in the last 90 days. Insiders own 2.90% of the company's stock.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its position in Knight-Swift Transportation by 23.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company's stock valued at $259,000 after buying an additional 1,124 shares in the last quarter. Focus Partners Wealth purchased a new stake in Knight-Swift Transportation during the 1st quarter worth approximately $451,000. Cetera Investment Advisers grew its position in Knight-Swift Transportation by 6.9% during the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company's stock worth $607,000 after purchasing an additional 882 shares during the last quarter. Invesco Ltd. increased its stake in Knight-Swift Transportation by 57.7% during the 2nd quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company's stock valued at $48,110,000 after purchasing an additional 398,116 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Knight-Swift Transportation by 54.3% during the 2nd quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company's stock valued at $21,748,000 after purchasing an additional 172,956 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

About Knight-Swift Transportation

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source