Lisanti Capital Growth LLC Buys New Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Lisanti Capital Growth LLC acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,845 shares of the transportation company's stock, valued at approximately $2,311,000.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Knight-Swift Transportation in the 1st quarter valued at $1,935,000. Wedge Capital Management L L P NC grew its stake in Knight-Swift Transportation by 9.0% during the second quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company's stock valued at $13,131,000 after acquiring an additional 21,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Knight-Swift Transportation by 21.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,821 shares of the transportation company's stock worth $4,942,000 after acquiring an additional 15,600 shares in the last quarter. Swedbank AB purchased a new stake in shares of Knight-Swift Transportation in the first quarter valued at approximately $3,162,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in Knight-Swift Transportation by 12.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 133,178 shares of the transportation company's stock valued at $7,328,000 after acquiring an additional 15,040 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Activity

In other news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now owns 21,833 shares in the company, valued at $1,164,135.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Michael Garnreiter sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the transaction, the director now directly owns 17,648 shares of the company's stock, valued at $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the transaction, the director now directly owns 21,833 shares of the company's stock, valued at $1,164,135.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.72 during midday trading on Monday, hitting $58.88. 2,631,427 shares of the stock were exchanged, compared to its average volume of 2,072,216. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The stock's 50-day moving average price is $52.57 and its 200-day moving average price is $50.71. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 259.14, a PEG ratio of 2.17 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company posted $0.41 EPS. The company's revenue for the quarter was down 7.1% on a year-over-year basis. Research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KNX. Citigroup initiated coverage on Knight-Swift Transportation in a research report on Wednesday, October 9th. They issued a "neutral" rating and a $55.00 price objective for the company. Evercore ISI raised their price objective on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. The Goldman Sachs Group cut their target price on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. StockNews.com raised Knight-Swift Transportation to a "sell" rating in a report on Thursday, July 25th. Finally, Susquehanna boosted their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.94.

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.