Knight-Swift Transportation (NYSE:KNX) Upgraded to Buy at Citigroup

Citigroup upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a neutral rating to a buy rating in a research note released on Friday morning, Marketbeat.com reports. They currently have $64.00 price objective on the transportation company’s stock.

Several other research firms have also recently issued reports on KNX. TD Cowen raised their price objective on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Zacks Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Weiss Ratings downgraded Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Susquehanna raised their price target on Knight-Swift Transportation from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.78.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $51.91 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 126.61, a PEG ratio of 0.77 and a beta of 1.12. The company’s 50 day simple moving average is $58.13 and its 200 day simple moving average is $50.01. Knight-Swift Transportation has a 1 year low of $36.69 and a 1 year high of $64.10.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.90 billion. Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, sell-side analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.18. Knight-Swift Transportation’s payout ratio is currently 195.12%.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 1,243 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total transaction of $75,661.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James L. Fitzsimmons sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total value of $324,074.09. Following the completion of the transaction, the chief operating officer owned 8,716 shares in the company, valued at approximately $477,375.32. This trade represents a 40.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 42,930 shares of company stock valued at $2,581,186. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of institutional investors and hedge funds have recently bought and sold shares of KNX. Corient Private Wealth LLC raised its holdings in Knight-Swift Transportation by 44.8% in the fourth quarter. Corient Private Wealth LLC now owns 12,143 shares of the transportation company’s stock valued at $635,000 after buying an additional 3,757 shares during the period. Kera Capital Partners Inc. purchased a new stake in Knight-Swift Transportation during the fourth quarter worth approximately $217,000. Dean Capital Management increased its position in shares of Knight-Swift Transportation by 3.2% in the fourth quarter. Dean Capital Management now owns 44,563 shares of the transportation company’s stock worth $2,330,000 after acquiring an additional 1,392 shares in the last quarter. Compound Planning Inc. acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter worth $243,000. Finally, Invesco Ltd. raised its stake in shares of Knight-Swift Transportation by 513.6% in the 4th quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock valued at $126,354,000 after acquiring an additional 2,022,996 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

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.