Lisanti Capital Growth LLC Buys Shares of 144,100 Knight-Swift Transportation Holdings Inc. $KNX

Lisanti Capital Growth LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 144,100 shares of the transportation company’s stock, valued at approximately $7,534,000. Knight-Swift Transportation comprises approximately 1.8% of Lisanti Capital Growth LLC’s portfolio, making the stock its 8th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position 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 acquiring an additional 76,342 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 buying an additional 124,426 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 7.2% in the 4th 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 period. UBS Group AG boosted its stake in shares of Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock valued at $127,087,000 after buying an additional 745,787 shares during the period. Finally, Junto Capital Management LP boosted 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 buying an additional 1,620,224 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. TD Cowen lifted their price objective 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. UBS Group lifted their price objective on Knight-Swift Transportation from $66.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Benchmark lifted their price objective on Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird lifted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.71.

Insiders Place Their Bets

In related news, CFO Joshua Smith sold 5,770 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $60.91, for a total transaction of $351,450.70. Following the completion of the sale, the chief financial officer owned 9,214 shares in the company, valued at $561,224.74. The trade was a 38.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

Knight-Swift Transportation Price Performance

KNX stock opened at $70.12 on Friday. The business has a 50 day moving average price of $61.14 and a 200 day moving average price of $56.26. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 333.93 and a beta of 1.15. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $71.63. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.26.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.20). The business 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 revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.12 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 8th. This represents a $0.80 annualized dividend and a yield of 1.1%. Knight-Swift Transportation’s payout ratio is presently 380.95%.

Knight-Swift Transportation 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.