Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $60.00

Knight-Swift Transportation (NYSE:KNX) had its price target raised by Wells Fargo & Company from $58.00 to $60.00 in a research report report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

KNX has been the topic of several other research reports. Raymond James Financial lifted their price target on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 14th. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 29th. TD Cowen increased their price target on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Evercore ISI decreased their price target on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. upped their price objective on Knight-Swift Transportation from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.59.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $56.85 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a 50-day simple moving average of $49.04 and a two-hundred day simple moving average of $45.52. The firm has a market capitalization of $9.23 billion, a PE ratio of 64.60, a P/E/G ratio of 0.72 and a beta of 1.16. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Analysts forecast that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Reed Stultz sold 4,692 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the sale, the senior vice president directly owned 465 shares of the company’s stock, valued at $23,952.15. This represents a 90.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 35,000 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the completion of the transaction, the chairman directly owned 1,405,347 shares of the company’s stock, valued at approximately $71,686,750.47. This trade represents a 2.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,992 shares of company stock valued at $2,220,707 in the last quarter. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of Knight-Swift Transportation by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock valued at $335,682,000 after buying an additional 76,342 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 8,267,687 shares of the transportation company’s stock worth $326,664,000 after acquiring an additional 124,426 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Knight-Swift Transportation by 21.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock valued at $169,826,000 after purchasing an additional 765,833 shares during the period. Junto Capital Management LP raised its position in Knight-Swift Transportation by 252.4% during the third quarter. Junto Capital Management LP now owns 2,262,145 shares of the transportation company’s stock valued at $89,377,000 after purchasing an additional 1,620,224 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Knight-Swift Transportation by 36.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company’s stock valued at $99,440,000 after purchasing an additional 601,108 shares during 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 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.