Wells Fargo & Company Increases Knight-Swift Transportation (NYSE:KNX) Price Target to $60.00

Knight-Swift Transportation (NYSE:KNX) had its price objective raised by Wells Fargo & Company from $58.00 to $60.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 8.74% from the company’s current price.

KNX has been the subject of a number of other reports. Morgan Stanley boosted their price objective on Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Barclays reduced their target price on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Benchmark reissued a “buy” rating on shares of Knight-Swift Transportation in a research note on Friday, October 24th. TD Cowen raised their price objective on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, Stifel Nicolaus lifted their target price on shares of Knight-Swift Transportation from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued 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 an average price target of $55.35.

Knight-Swift Transportation Stock Performance

KNX stock opened at $55.18 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50 day moving average price of $48.78 and a 200 day moving average price of $45.44. Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The stock has a market capitalization of $8.96 billion, a PE ratio of 62.70, a price-to-earnings-growth ratio of 0.72 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Analysts forecast that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insider Buying and Selling

In other news, SVP Reed Stultz sold 4,692 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the sale, the senior vice president owned 465 shares of the company’s stock, valued at $23,952.15. This trade represents a 90.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total value of $1,785,350.00. Following the completion of the transaction, the chairman owned 1,405,347 shares of the company’s stock, valued at $71,686,750.47. This represents a 2.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 43,992 shares of company stock valued at $2,220,707. 3.00% of the stock is owned by company insiders.

Institutional Trading of Knight-Swift Transportation

Several hedge funds have recently bought and sold shares of KNX. Victory Capital Management Inc. boosted its holdings in shares of Knight-Swift Transportation by 0.9% in the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock valued at $335,682,000 after buying an additional 76,342 shares during the period. Dimensional Fund Advisors LP lifted its position in Knight-Swift Transportation by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,267,687 shares of the transportation company’s stock valued at $326,664,000 after acquiring an additional 124,426 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Knight-Swift Transportation by 21.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock worth $169,826,000 after purchasing an additional 765,833 shares during the period. Junto Capital Management LP boosted its stake in Knight-Swift Transportation by 252.4% in the 3rd quarter. Junto Capital Management LP now owns 2,262,145 shares of the transportation company’s stock worth $89,377,000 after purchasing an additional 1,620,224 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Knight-Swift Transportation by 36.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company’s stock worth $99,440,000 after purchasing an additional 601,108 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.