Knight-Swift Transportation (NYSE:KNX) Now Covered by Analysts at Sanford C. Bernstein

by · The Markets Daily

Equities researchers at Sanford C. Bernstein began coverage on shares of Knight-Swift Transportation (NYSE:KNX – Get Free Report) in a report released on Thursday, Briefing.com reports. The firm set an “outperform” rating and a $91.00 price target on the transportation company’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 31.91% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on KNX. Morgan Stanley set a $90.00 target price on Knight-Swift Transportation in a report on Wednesday, September 2nd. 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 research note on Thursday, July 9th. Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays lifted their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.26.

Read Our Latest Stock Report on KNX

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $68.99 on Thursday. Knight-Swift Transportation has a 12 month low of $38.63 and a 12 month high of $82.86. The stock’s 50 day moving average is $71.77 and its 200-day moving average is $67.87. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 265.34, a PEG ratio of 0.58 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly 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 business 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 firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities research analysts expect that Knight-Swift Transportation will post 2.49 EPS for the current year.

Insider Buying and Selling

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at $382,782.10. This trade represents a 39.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reid Dove sold 126,864 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The disclosure for this sale is available in the SEC filing. Insiders sold 224,954 shares of company stock valued at $16,183,454 over the last quarter. 2.90% of the stock is owned by company insiders.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 385 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 828 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $39,000. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Knight-Swift Transportation by 151.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 941 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 567 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

(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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