Fieldview Capital Management LLC Acquires New Shares in Knight-Swift Transportation Holdings Inc. $KNX

Fieldview Capital Management LLC acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, Holdings Channel reports. The fund acquired 41,327 shares of the transportation company’s stock, valued at approximately $2,161,000.

A number of other large investors have also recently added to or reduced their stakes in KNX. Norges Bank acquired a new position in Knight-Swift Transportation in the fourth quarter valued at approximately $92,070,000. Balyasny Asset Management L.P. lifted its holdings in Knight-Swift Transportation by 269.7% in the third quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after acquiring an additional 1,627,791 shares during the last quarter. Junto Capital Management LP lifted its holdings in Knight-Swift Transportation by 252.4% in the third quarter. Junto Capital Management LP now owns 2,262,145 shares of the transportation company’s stock valued at $89,377,000 after acquiring an additional 1,620,224 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Knight-Swift Transportation in the fourth quarter valued at approximately $66,151,000. Finally, Ensign Peak Advisors Inc lifted its holdings in Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after acquiring an additional 984,422 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on KNX. Barclays upped their price objective on Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Friday, March 13th. TD Cowen upped their price target on Knight-Swift Transportation from $60.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 price target on the stock in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus upped their price target on Knight-Swift Transportation from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.19.

Knight-Swift Transportation Stock Down 1.3%

Shares of NYSE KNX opened at $81.34 on Friday. The stock has a market cap of $13.22 billion, a P/E ratio of 387.35, a PEG ratio of 1.04 and a beta of 1.18. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. Knight-Swift Transportation Holdings Inc. has a 12-month low of $38.63 and a 12-month high of $82.86. The business’s fifty day simple moving average is $68.08 and its 200-day simple moving average is $59.80.

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

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 380.95%.

Knight-Swift Transportation Company 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.