Bank of America Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $92.00

Knight-Swift Transportation (NYSE:KNX) had its price objective trimmed by Bank of America from $98.00 to $92.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on KNX. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Sanford C. Bernstein initiated coverage on shares of Knight-Swift Transportation in a research report on Thursday, September 10th. They issued an “outperform” rating and a $91.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Susquehanna boosted their price target on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Finally, Benchmark increased their price target on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $83.95.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $63.60 on Wednesday. The firm has a market cap of $10.35 billion, a P/E ratio of 244.64, a P/E/G ratio of 0.54 and a beta of 1.18. Knight-Swift Transportation has a fifty-two week low of $38.63 and a fifty-two week high of $82.86. The business’s 50 day moving average price is $69.71 and its 200-day moving average price is $68.33. 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) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.05 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.80 annualized dividend and a yield of 1.3%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 307.69%.

Insider Activity

In other 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 value of $9,277,564.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Vander Ploeg sold 2,200 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the transaction, the director owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 224,954 shares of company stock worth $16,183,454. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of hedge funds have recently made changes to their positions in KNX. Blue Trust Inc. increased its position in Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of Knight-Swift Transportation by 134.6% in the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after acquiring an additional 385 shares during the last quarter. MCF Advisors LLC grew its stake in shares of Knight-Swift Transportation by 55.8% in the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock worth $53,000 after acquiring an additional 242 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Knight-Swift Transportation during the first quarter valued at $72,000. Finally, Bessemer Group Inc. increased its holdings in shares of Knight-Swift Transportation by 280.2% during the first quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 1,569 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.