Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $54.1875.
Several research firms have weighed in on KNX. The Goldman Sachs Group upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. Raymond James Financial boosted their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 15th. Baird R W raised Knight-Swift Transportation to a “strong-buy” rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Barclays decreased their price objective on Knight-Swift Transportation from $58.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 10th.
Check Out Our Latest Report on KNX
Knight-Swift Transportation Stock Up 3.2%
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Equities analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.
Knight-Swift Transportation Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation’s payout ratio is 70.59%.
Insider Activity
In other news, EVP Michael K. Liu sold 3,420 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Knight-Swift Transportation
Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in shares of Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock valued at $25,000 after buying an additional 563 shares during the period. Brooklyn Investment Group raised its holdings in Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. raised its holdings in Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after purchasing an additional 324 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in Knight-Swift Transportation in the 2nd quarter worth about $55,000. Finally, Employees Retirement System of Texas acquired a new position in Knight-Swift Transportation in the 2nd quarter worth about $58,000. Institutional investors and hedge funds own 88.77% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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