Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $70.00

Knight-Swift Transportation (NYSE:KNX) had its target price lifted by Robert W. Baird from $62.00 to $70.00 in a research report sent to investors on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the transportation company’s stock.

Several other equities analysts also recently weighed in on the company. Weiss Ratings upgraded Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 15th. Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Friday, March 27th. JPMorgan Chase & Co. upped their price objective on shares of Knight-Swift Transportation from $49.00 to $61.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Friday, March 13th. Finally, Barclays raised their target price on shares of Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.71.

Knight-Swift Transportation Trading Down 0.8%

Shares of KNX opened at $65.23 on Thursday. The stock has a fifty day moving average of $59.12 and a two-hundred day moving average of $53.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.70. The company has a market capitalization of $10.59 billion, a PE ratio of 310.61, a price-to-earnings-growth ratio of 0.99 and a beta of 1.11. Knight-Swift Transportation has a fifty-two week low of $37.76 and a fifty-two week high of $67.75.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.20). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.Knight-Swift Transportation’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. As a group, analysts forecast that Knight-Swift Transportation will post 1.92 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were paid a dividend of $0.20 per share. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, March 6th. Knight-Swift Transportation’s payout ratio is currently 380.95%.

Insider Transactions at Knight-Swift Transportation

In other news, CFO Joshua Smith sold 5,770 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $60.91, for a total transaction of $351,450.70. Following the completion of the sale, the chief financial officer owned 9,214 shares in the company, valued at approximately $561,224.74. The trade was a 38.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael K. Liu sold 1,243 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total transaction of $75,661.41. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 42,930 shares of company stock valued at $2,581,186. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC increased its position in shares of Knight-Swift Transportation by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock worth $298,000 after acquiring an additional 222 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 267 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Knight-Swift Transportation by 123.9% during 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 in the last quarter. Public Employees Retirement System of Ohio boosted its position in Knight-Swift Transportation by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock worth $2,091,000 after purchasing an additional 306 shares during the period. Finally, Parallel Advisors LLC boosted its position in Knight-Swift Transportation by 7.9% during the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock worth $222,000 after purchasing an additional 309 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

More Knight-Swift Transportation News

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Multiple brokerages raised price targets and reiterated buy/outperform ratings, signaling analyst confidence in upside (UBS to $79, TD Cowen to $78, Benchmark to $75, Stifel to $70, Baird to $70). These calls underpin upside expectations and likely stabilized sentiment after the print. Analyst Upgrades
• Positive Sentiment: Management says it’s pushing double‑digit truckload rate hikes as market capacity tightens — a direct positive for freight revenue and future margin recovery if implemented across volumes. Knight‑Swift eyes double-digit truckload rate gains
• Positive Sentiment: TD Cowen’s reiterated buy and analyst commentary highlighted tighter capacity, regulatory tailwinds, and margin upside as reasons to be bullish — supportive for medium‑term thesis. TD Cowen / TipRanks note
• Neutral Sentiment: Company reported Q1 revenue roughly in line with expectations and provided an earnings‑call deck/transcript; revenue was modestly up year‑over‑year but EPS declined versus last year. Market will watch cadence of rate realization and cost trends. Earnings Call Transcript
• Neutral Sentiment: Zacks and other coverage noted KNX met some consensus Q1 estimates (Zacks: EPS in line with its consensus) — which reduces downside from an outright miss but leaves questions on margin recovery timing. Zacks coverage
• Negative Sentiment: Press coverage (WSJ) highlighted that Knight‑Swift swung to a first‑quarter loss and cited higher fuel costs (linked to geopolitical events) and market tightness as near‑term headwinds — a clear driver of today’s weakness. WSJ: First‑quarter loss
• Negative Sentiment: Reported EPS of $0.09 was well below some street expectations and materially down from prior year, raising near‑term profit‑margin concerns despite revenue stability. This likely prompted profit‑taking after recent gains. Q1 Earnings Snapshot

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.