Knight-Swift Transportation (NYSE:KNX) Upgraded to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a hold rating to a buy rating in a research report sent to investors on Friday morning, MarketBeat reports. They currently have $45.00 price objective on the transportation company’s stock, down from their prior price objective of $47.00.

Other analysts have also recently issued reports about the stock. Barclays cut their price target on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday. Baird R W raised shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Tuesday, July 1st. Robert W. Baird upped their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and upped their price target for the company from $43.00 to $53.00 in a report on Thursday. Finally, Citigroup upped their price target on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $52.47.

Knight-Swift Transportation Trading Up 3.9%

NYSE KNX opened at $41.44 on Friday. The company’s fifty day simple moving average is $42.13 and its 200-day simple moving average is $42.95. Knight-Swift Transportation has a 52 week low of $36.69 and a 52 week high of $61.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.73 billion, a P/E ratio of 40.63, a PEG ratio of 0.67 and a beta of 1.14.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Equities research analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, September 5th. Knight-Swift Transportation’s dividend payout ratio is 70.59%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC raised its holdings in shares of Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after purchasing an additional 563 shares during the period. Brooklyn Investment Group increased its holdings in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after acquiring an additional 310 shares during the period. UMB Bank n.a. increased its holdings in shares of Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after acquiring an additional 324 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth about $55,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth about $58,000. 88.77% of the stock is owned by institutional investors and hedge funds.

About Knight-Swift Transportation

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.