Knight-Swift Transportation (NYSE:KNX) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Knight-Swift Transportation (NYSE:KNX) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other research firms also recently issued reports on KNX. Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Stifel Nicolaus lifted their target price on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley boosted their target price on shares of Knight-Swift Transportation from $70.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Finally, The Goldman Sachs Group raised their price target on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.44.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $68.45 on Friday. Knight-Swift Transportation has a 12 month low of $38.63 and a 12 month high of $82.86. The stock has a fifty day moving average price of $72.73 and a 200-day moving average price of $67.38. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market cap of $11.14 billion, a PE ratio of 263.28, a P/E/G ratio of 0.56 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities research analysts predict that Knight-Swift Transportation will post 2.49 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, CEO Reid Dove sold 126,864 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 224,954 shares of company stock valued at $16,183,454 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several institutional investors have recently bought and sold shares of KNX. Strs Ohio boosted its stake in Knight-Swift Transportation by 24.7% during the 4th quarter. Strs Ohio now owns 448,471 shares of the transportation company’s stock worth $23,446,000 after purchasing an additional 88,707 shares during the last quarter. UBS Group AG raised its position in shares of Knight-Swift Transportation by 44.3% in the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock valued at $127,087,000 after buying an additional 745,787 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at about $6,551,000. California Public Employees Retirement System lifted its stake in shares of Knight-Swift Transportation by 3.1% in the first quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company’s stock worth $16,807,000 after buying an additional 8,653 shares in the last quarter. Finally, Pzena Investment Management LLC acquired a new position in Knight-Swift Transportation during the fourth quarter worth about $66,151,000. 88.77% of the stock is currently 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.