Lisanti Capital Growth LLC Increases Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Lisanti Capital Growth LLC grew its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 81.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,945 shares of the transportation company's stock after purchasing an additional 35,100 shares during the period. Lisanti Capital Growth LLC's holdings in Knight-Swift Transportation were worth $4,134,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KNX. Parkside Financial Bank & Trust increased its stake in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after acquiring an additional 322 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of Knight-Swift Transportation by 87.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock worth $40,000 after purchasing an additional 348 shares in the last quarter. UMB Bank n.a. increased its position in shares of Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after purchasing an additional 370 shares during the period. Venturi Wealth Management LLC raised its stake in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock valued at $62,000 after purchasing an additional 292 shares in the last quarter. Finally, Quarry LP lifted its position in Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company's stock worth $65,000 after purchasing an additional 499 shares during the period. 88.77% of the stock is owned by institutional investors.

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Knight-Swift Transportation Stock Down 1.2 %

Shares of KNX traded down $0.54 during trading hours on Tuesday, hitting $46.33. The stock had a trading volume of 3,421,765 shares, compared to its average volume of 2,098,758. The firm has a 50 day simple moving average of $53.67 and a 200-day simple moving average of $53.80. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a market capitalization of $7.50 billion, a P/E ratio of 63.46 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.18 per share. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.55%. Knight-Swift Transportation's dividend payout ratio is presently 98.63%.

Analyst Upgrades and Downgrades

KNX has been the subject of several recent analyst reports. Benchmark assumed coverage on Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a "buy" rating and a $63.00 target price for the company. Raymond James boosted their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. TD Cowen raised their price target 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. Finally, The Goldman Sachs Group boosted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and an average price target of $59.41.

About Knight-Swift Transportation

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.