Knight-Swift Transportation (NYSE:KNX) Stock Gets Price Target Cut from Citigroup

Knight-Swift Transportation (NYSE:KNX) had its price objective trimmed by Citigroup from $90.00 to $81.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on KNX. Susquehanna lowered their price target on shares of Knight-Swift Transportation from $96.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. Citizens Jmp began coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price objective on the stock. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.28.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $64.50 on Wednesday. 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 stock’s fifty day moving average price is $68.17 and its 200-day moving average price is $69.08. The firm has a market cap of $10.50 billion, a P/E ratio of 248.09, a P/E/G ratio of 0.54 and a beta of 1.21. Knight-Swift Transportation has a 12 month low of $41.24 and a 12 month high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter 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 expect that Knight-Swift Transportation will post 2.50 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio is 307.69%.

Insider Buying and Selling

In other news, Director David Vander Ploeg sold 2,200 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the sale, the director owned 30,252 shares in the company, valued at $1,583,087.16. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reid Dove sold 126,864 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 224,954 shares of company stock worth $16,183,454. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Several hedge funds have recently added to or reduced their stakes in KNX. Fifth Third Wealth Advisors LLC increased its holdings in shares of Knight-Swift Transportation by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 222 shares in the last quarter. MCF Advisors LLC boosted its holdings in Knight-Swift Transportation by 55.8% during the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock worth $53,000 after buying an additional 242 shares in the last quarter. Blue Trust Inc. grew its position in Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares during the period. Sanctuary Advisors LLC grew its position in Knight-Swift Transportation by 5.3% during the first quarter. Sanctuary Advisors LLC now owns 7,312 shares of the transportation company’s stock valued at $421,000 after buying an additional 365 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Knight-Swift Transportation by 8.6% in the first quarter. Parallel Advisors LLC now owns 4,606 shares of the transportation company’s stock valued at $265,000 after buying an additional 366 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.