Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $49.00

Knight-Swift Transportation (NYSE:KNX) had its price target hoisted by JPMorgan Chase & Co. from $48.00 to $49.00 in a research report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

KNX has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $53.00 in a research note on Thursday, October 2nd. Susquehanna dropped their price target on shares of Knight-Swift Transportation from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday. Raymond James Financial boosted their price objective on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 14th. Baird R W upgraded Knight-Swift Transportation to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Robert W. Baird boosted their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.29.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $45.41 on Thursday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 0.81 and a beta of 1.14. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a fifty day simple moving average of $42.91 and a 200 day simple moving average of $43.19. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Research analysts forecast that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. Knight-Swift Transportation’s payout ratio is currently 81.82%.

Insiders Place Their Bets

In related news, EVP Michael K. Liu sold 3,420 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently made changes to their positions in KNX. AQR Capital Management LLC increased its stake in Knight-Swift Transportation by 8,856.8% in the first quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company’s stock valued at $70,704,000 after acquiring an additional 1,628,760 shares during the last quarter. Norges Bank bought a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at $59,407,000. Clean Energy Transition LLP acquired a new position in shares of Knight-Swift Transportation during the 2nd quarter worth $51,817,000. Cubist Systematic Strategies LLC lifted its position in shares of Knight-Swift Transportation by 102,633.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 922,805 shares of the transportation company’s stock worth $40,133,000 after buying an additional 923,705 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Knight-Swift Transportation by 72.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock worth $95,558,000 after buying an additional 904,903 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.