Key Points
- Director Reid Dove sold 50,000 Knight-Swift shares at an average price of $70.25, generating $3.51 million and reducing his direct ownership by 22.82% to 169,154 shares.
- Knight-Swift reported quarterly EPS of $0.63, beating estimates by $0.12, while revenue rose 12.6% year over year to $2.10 billion. The company issued third-quarter EPS guidance of $0.71–$0.77.
- Analysts maintain a broadly positive view, with an average rating of Buy and a consensus price target of $84.44; institutional investors own 88.77% of the company.
Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) CAO Cary Flanagan sold 3,600 shares of the company'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 owned 5,405 shares of the company's stock, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Knight-Swift Transportation Stock Down 0.3%
Shares of KNX stock opened at $69.59 on Friday. The stock's 50 day simple moving average is $75.64 and its 200 day simple moving average is $65.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.70 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a twelve month low of $38.63 and a twelve month high of $82.86. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 267.68, a PEG ratio of 0.59 and a beta of 1.18.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.
Knight-Swift Transportation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 307.69%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on KNX. Susquehanna upped their price objective on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a "positive" rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Knight-Swift Transportation in a report on Monday, July 13th. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Benchmark upped their price target 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. Finally, Raymond James Financial raised their price target on Knight-Swift Transportation from $76.00 to $91.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $84.44.
Check Out Our Latest Report on Knight-Swift Transportation
Hedge Funds Weigh In On Knight-Swift Transportation
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio lifted its position in shares of Knight-Swift Transportation by 24.7% in the 4th quarter. Strs Ohio now owns 448,471 shares of the transportation company's stock worth $23,446,000 after acquiring an additional 88,707 shares during the period. UBS Group AG increased its position in shares of 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 valued at $127,087,000 after purchasing an additional 745,787 shares during the period. Comerica Bank increased its position in shares of Knight-Swift Transportation by 68.7% during the fourth quarter. Comerica Bank now owns 130,638 shares of the transportation company's stock valued at $6,830,000 after purchasing an additional 53,183 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Knight-Swift Transportation in the fourth quarter valued at $6,551,000. Finally, Pzena Investment Management LLC acquired a new position in shares of Knight-Swift Transportation in the fourth quarter valued at $66,151,000. 88.77% of the stock is currently owned by institutional investors.
About Knight-Swift Transportation
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Get Free Report)
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.
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