Knight-Swift Transportation (NYSE:KNX) Downgraded by Wall Street Zen to Hold

Knight-Swift Transportation (NYSE:KNX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

KNX has been the topic of several other reports. TD Cowen raised their price target 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Benchmark increased their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial raised their target price on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.44.

Knight-Swift Transportation Price Performance

Shares of KNX traded down $1.62 during trading hours on Friday, hitting $67.28. 3,152,152 shares of the stock were exchanged, compared to its average volume of 2,871,286. The stock’s 50-day moving average price is $72.87 and its two-hundred day moving average price is $67.26. Knight-Swift Transportation has a 12-month low of $38.63 and a 12-month high of $82.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 258.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm posted $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. Research analysts expect that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 3,600 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares of the company’s stock, valued at $382,782.10. This represents a 39.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ploeg David Vander sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the sale, the director owned 30,252 shares of the company’s stock, valued at $1,583,087.16. This represents a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,954 shares of company stock valued at $16,183,454 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KNX. California State Teachers Retirement System raised its stake in shares of Knight-Swift Transportation by 7,314.3% in the 2nd quarter. California State Teachers Retirement System now owns 14,279,801 shares of the transportation company’s stock valued at $1,111,968,000 after acquiring an additional 14,087,203 shares during the period. Wellington Management Group LLP increased its holdings in Knight-Swift Transportation by 23.6% in the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock valued at $675,380,000 after purchasing an additional 2,468,293 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Knight-Swift Transportation by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock valued at $486,995,000 after purchasing an additional 60,750 shares during the period. Ensign Peak Advisors Inc lifted its stake in Knight-Swift Transportation by 50.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after purchasing an additional 984,422 shares in the last quarter. Finally, UBS Group AG lifted its stake in Knight-Swift Transportation by 44.3% during the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock worth $127,087,000 after purchasing an additional 745,787 shares in the last quarter. 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.