Knight-Swift Transportation (NYSE:KNX) Given New $65.00 Price Target at Wells Fargo & Company

Knight-Swift Transportation (NYSE:KNX) had its price objective lifted by Wells Fargo & Company from $60.00 to $65.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the company. Evercore raised Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Friday, March 27th. UBS Group raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $54.00 to $66.00 in a research report on Wednesday, March 18th. Weiss Ratings downgraded Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their target price on Knight-Swift Transportation from $49.00 to $61.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.83.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $59.49 on Tuesday. The business’s fifty day simple moving average is $57.90 and its 200-day simple moving average is $51.66. The company has a market cap of $9.66 billion, a PE ratio of 145.10, a PEG ratio of 0.88 and a beta of 1.11. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 12-month low of $37.70 and a 12-month high of $64.10.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.90 billion. Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. Analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.18. Knight-Swift Transportation’s dividend payout ratio is currently 195.12%.

Insider Activity

In other news, EVP Michael K. Liu sold 1,243 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total transaction of $75,661.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James L. Fitzsimmons sold 5,917 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total transaction of $324,074.09. Following the sale, the chief operating officer directly owned 8,716 shares in the company, valued at approximately $477,375.32. The trade was a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,930 shares of company stock valued at $2,581,186. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after acquiring an additional 2,468,293 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Knight-Swift Transportation by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after acquiring an additional 76,342 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Knight-Swift Transportation by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock worth $439,016,000 after acquiring an additional 129,651 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 7.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock worth $244,250,000 after acquiring an additional 315,192 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Knight-Swift Transportation by 50.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after acquiring an additional 984,422 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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.