Lisanti Capital Growth LLC Has $671,000 Position in Knight-Swift Transportation Holdings Inc (KNX)
Lisanti Capital Growth LLC lowered its holdings in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 69.5% in the fourth quarter, HoldingsChannel reports. The firm owned 15,355 shares of the transportation company’s stock after selling 34,915 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Knight-Swift Transportation were worth $671,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Knight-Swift Transportation by 79.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,007 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 1,332 shares in the last quarter. Cigna Investments Inc. New bought a new position in Knight-Swift Transportation in the fourth quarter valued at $206,000. Oakbrook Investments LLC bought a new position in Knight-Swift Transportation in the fourth quarter valued at $210,000. Toronto Dominion Bank bought a new position in Knight-Swift Transportation in the third quarter valued at $234,000. Finally, Atria Investments LLC bought a new position in Knight-Swift Transportation in the fourth quarter valued at $254,000. 77.78% of the stock is owned by institutional investors and hedge funds.
Shares of Knight-Swift Transportation Holdings Inc (KNX) opened at $47.26 on Friday. The company has a market cap of $8,426.91, a price-to-earnings ratio of 36.49 and a beta of 1.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.32. Knight-Swift Transportation Holdings Inc has a 12 month low of $26.68 and a 12 month high of $51.94.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio is presently 2.09%.
A number of research analysts recently weighed in on KNX shares. Barclays raised shares of Knight-Swift Transportation from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $47.00 to $50.00 in a research report on Thursday, February 1st. Wolfe Research raised shares of Knight-Swift Transportation from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Monday, February 5th. Stephens raised their target price on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. UBS Group decreased their target price on shares of Knight-Swift Transportation from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $49.60.
In other news, General Counsel Todd F. Carlson sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $39.24, for a total transaction of $353,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Garnreiter sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,500 shares of company stock valued at $492,410. 9.90% of the stock is currently owned by corporate insiders.
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Knight-Swift Transportation Profile
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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