UBS Group Upgrades Knight-Swift Transportation (NYSE:KNX) to Buy

Knight-Swift Transportation (NYSE:KNX) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $66.00 price target on the transportation company’s stock, up from their previous price target of $54.00. UBS Group’s target price indicates a potential upside of 23.66% from the company’s previous close.

KNX has been the topic of a number of other reports. Wells Fargo & Company set a $64.00 price target on shares of Knight-Swift Transportation in a research report on Friday, March 13th. TD Cowen raised their target price on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Zacks Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Stephens dropped their price target on Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Finally, Morgan Stanley increased their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus target price of $61.44.

Knight-Swift Transportation Stock Up 0.9%

NYSE KNX opened at $53.37 on Wednesday. The business has a fifty day moving average price of $57.95 and a 200 day moving average price of $50.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $8.67 billion, a P/E ratio of 130.17, a P/E/G ratio of 0.80 and a beta of 1.12. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $64.10.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. Research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Activity

In related news, COO James L. Fitzsimmons sold 5,917 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.77, for a total value of $324,074.09. Following the transaction, the chief operating officer directly owned 8,716 shares in the company, valued at approximately $477,375.32. This represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $75,661.41. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 42,930 shares of company stock worth $2,581,186. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Large investors have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings 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 purchasing an additional 2,468,293 shares during the period. Victory Capital Management Inc. raised its holdings in Knight-Swift Transportation by 0.9% in the 3rd 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 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after buying an additional 129,651 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Knight-Swift Transportation by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock valued at $244,250,000 after buying an additional 315,192 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Knight-Swift Transportation by 50.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after buying an additional 984,422 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.