Lisanti Capital Growth LLC Has $4.13 Million Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Lisanti Capital Growth LLC increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 81.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,945 shares of the transportation company’s stock after acquiring an additional 35,100 shares during the period. Lisanti Capital Growth LLC’s holdings in Knight-Swift Transportation were worth $4,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Knight-Swift Transportation in the 4th quarter valued at $15,111,000. Arizona State Retirement System grew its position in shares of Knight-Swift Transportation by 1.5% in the 4th quarter. Arizona State Retirement System now owns 47,013 shares of the transportation company’s stock valued at $2,494,000 after acquiring an additional 711 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $749,000. Atria Investments Inc grew its position in shares of Knight-Swift Transportation by 11.5% in the 4th quarter. Atria Investments Inc now owns 41,765 shares of the transportation company’s stock valued at $2,215,000 after acquiring an additional 4,318 shares during the period. Finally, Assetmark Inc. grew its position in shares of Knight-Swift Transportation by 10.4% in the 4th quarter. Assetmark Inc. now owns 17,355 shares of the transportation company’s stock valued at $921,000 after acquiring an additional 1,631 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on KNX. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup downgraded shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Benchmark started coverage on shares of Knight-Swift Transportation in a research report on Tuesday. They issued a “buy” rating and a $63.00 price objective for the company. Finally, TD Cowen lifted their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $59.59.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $48.87 on Friday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $61.51. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $53.92 and a two-hundred day simple moving average of $53.89. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 66.95 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a $0.18 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. Knight-Swift Transportation’s payout ratio is presently 98.63%.

Knight-Swift Transportation 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.