Nicholas Company Inc. trimmed its position in shares of Swift Transportation Company (NYSE:KNX) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,135 shares of the transportation company’s stock after selling 1,015 shares during the quarter. Nicholas Company Inc. owned approximately 0.24% of Swift Transportation worth $7,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Eaton Vance Management lifted its holdings in shares of Swift Transportation by 0.6% during the 2nd quarter. Eaton Vance Management now owns 8,052 shares of the transportation company’s stock valued at $298,000 after buying an additional 49 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Swift Transportation by 0.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,069 shares of the transportation company’s stock valued at $373,000 after buying an additional 85 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Swift Transportation by 0.3% during the 2nd quarter. US Bancorp DE now owns 29,263 shares of the transportation company’s stock valued at $1,084,000 after buying an additional 92 shares during the last quarter. Granite Investment Partners LLC lifted its holdings in shares of Swift Transportation by 0.4% during the 2nd quarter. Granite Investment Partners LLC now owns 23,751 shares of the transportation company’s stock valued at $880,000 after buying an additional 92 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Swift Transportation by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 34,810 shares of the transportation company’s stock valued at $1,290,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.

Several brokerages have recently issued reports on KNX. BidaskClub lowered Swift Transportation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Deutsche Bank AG set a $45.00 price target on Swift Transportation and gave the company a “buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered Swift Transportation from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Wednesday, July 12th. Stephens upgraded Swift Transportation from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $36.00 to $42.00 in a report on Monday, June 12th. Finally, Buckingham Research began coverage on Swift Transportation in a report on Monday, August 21st. They set a “buy” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Swift Transportation has an average rating of “Buy” and a consensus price target of $38.87.

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Shares of Swift Transportation Company (KNX) opened at 39.82 on Friday. Swift Transportation Company has a 12-month low of $26.85 and a 12-month high of $44.45. The company has a 50-day moving average price of $38.02 and a 200 day moving average price of $34.93. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 41.05 and a beta of 1.96.

Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $283.88 million. Swift Transportation had a return on equity of 22.23% and a net margin of 2.99%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equities research analysts expect that Swift Transportation Company will post $1.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a $0.06 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.60%.

In other news, Director G D. Madden sold 1,875 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.52, for a total value of $68,475.00. Following the completion of the sale, the director now directly owns 56,011 shares of the company’s stock, valued at $2,045,521.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Todd F. Carlson sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $37.86, for a total value of $113,580.00. Following the completion of the sale, the general counsel now directly owns 23,638 shares of the company’s stock, valued at $894,934.68. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Swift Transportation (NYSE:KNX)

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