Fieldview Capital Management LLC Takes $2.16 Million Position in Knight-Swift Transportation Holdings Inc. $KNX

Fieldview Capital Management LLC acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 41,327 shares of the transportation company’s stock, valued at approximately $2,161,000.

Several other institutional investors and hedge funds have also modified their holdings of KNX. Norges Bank acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $92,070,000. Balyasny Asset Management L.P. lifted its holdings in shares of Knight-Swift Transportation by 269.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after buying an additional 1,627,791 shares during the period. Junto Capital Management LP increased its stake in shares of 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 valued at $89,377,000 after purchasing an additional 1,620,224 shares in the last quarter. Pzena Investment Management LLC purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $66,151,000. Finally, Ensign Peak Advisors Inc increased its stake in shares of Knight-Swift Transportation by 50.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after purchasing an additional 984,422 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Cowen lifted their price target on Knight-Swift Transportation from $60.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Robert W. Baird lifted their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. UBS Group lifted their price target on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Barclays lifted their price target on Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings upgraded Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.19.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $81.34 on Friday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $82.86. The stock has a 50 day moving average of $68.08 and a two-hundred day moving average of $59.80. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. The firm has a market cap of $13.22 billion, a P/E ratio of 387.35, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.20). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.Knight-Swift Transportation’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Knight-Swift Transportation’s dividend payout ratio is currently 380.95%.

About Knight-Swift Transportation

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.