Susquehanna Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $85.00

Knight-Swift Transportation (NYSE:KNX) had its price target reduced by Susquehanna from $96.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

A number of other research firms also recently commented on KNX. The Goldman Sachs Group raised their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company boosted their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Citigroup restated a “market outperform” rating on shares of Knight-Swift Transportation in a research report on Wednesday, August 26th. Stephens raised Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.06.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $66.81 on Friday. The company has a fifty day simple moving average of $68.73 and a 200-day simple moving average of $68.78. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 256.98, a PEG ratio of 0.55 and a beta of 1.21. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. Knight-Swift Transportation has a 52-week low of $40.34 and a 52-week high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, equities analysts anticipate that Knight-Swift Transportation will post 2.49 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Knight-Swift Transportation’s payout ratio is 307.69%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, CAO Cary 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 David Vander Ploeg 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 worth $16,183,454 in the last ninety days. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $6,551,000. Public Employees Retirement System of Ohio purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter worth $3,811,000. California Public Employees Retirement System grew its holdings in shares of Knight-Swift Transportation by 3.1% during the 1st quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company’s stock worth $16,807,000 after purchasing an additional 8,653 shares during the period. First Trust Advisors LP increased its position in shares of Knight-Swift Transportation by 36.1% during the 1st quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company’s stock worth $30,160,000 after purchasing an additional 138,949 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth about $8,790,000. 88.77% of the stock is currently 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.