Wells Fargo & Company Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $81.00

Knight-Swift Transportation (NYSE:KNX) had its price target decreased by Wells Fargo & Company from $86.00 to $81.00 in a research report report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

Several other analysts have also recently commented on KNX. Morgan Stanley set a $90.00 price objective on shares of Knight-Swift Transportation in a research note on Wednesday, September 2nd. Sanford C. Bernstein started coverage on shares of Knight-Swift Transportation in a report on Thursday, September 10th. They set an “outperform” rating and a $91.00 target price for the company. Barclays boosted their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Susquehanna reduced their price target on 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. Finally, Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

Knight-Swift Transportation Stock Up 2.4%

Knight-Swift Transportation stock opened at $65.16 on Tuesday. The business’s 50-day simple moving average is $68.27 and its two-hundred day simple moving average is $69.12. 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 $10.61 billion, a PE ratio of 250.64, a PEG ratio of 0.53 and a beta of 1.21. Knight-Swift Transportation has a fifty-two week low of $41.24 and a fifty-two week high of $82.86.

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

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 4th were given 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 presently 307.69%.

Insiders Place Their Bets

In other news, Director David Vander Ploeg sold 2,200 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 30,252 shares in the company, valued at approximately $1,583,087.16. This represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 224,954 shares of company stock valued at $16,183,454 over the last quarter. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 301 shares during the period. MCF Advisors LLC boosted its position in shares of Knight-Swift Transportation by 55.8% during the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock worth $53,000 after purchasing an additional 242 shares during the period. Harbor Investment Advisory LLC acquired a new stake in Knight-Swift Transportation in the 1st quarter valued at approximately $72,000. Bessemer Group Inc. increased its holdings in Knight-Swift Transportation by 280.2% in the 1st quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 1,569 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Knight-Swift Transportation by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,516 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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.