Virtu KCG Holdings LLC cut its position in Swift Transportation Company (NYSE:KNX) by 48.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,043 shares of the transportation company’s stock after selling 15,216 shares during the period. Virtu KCG Holdings LLC’s holdings in Swift Transportation were worth $594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Swift Transportation by 9.5% in the first quarter. Geode Capital Management LLC now owns 508,907 shares of the transportation company’s stock worth $15,953,000 after purchasing an additional 44,148 shares during the period. Citadel Advisors LLC raised its holdings in Swift Transportation by 10,372.6% in the second quarter. Citadel Advisors LLC now owns 1,219,634 shares of the transportation company’s stock worth $45,187,000 after purchasing an additional 1,207,988 shares during the period. Vanguard Group Inc. raised its holdings in Swift Transportation by 5.1% in the first quarter. Vanguard Group Inc. now owns 5,689,091 shares of the transportation company’s stock worth $178,353,000 after purchasing an additional 275,392 shares during the period. Timpani Capital Management LLC raised its holdings in Swift Transportation by 233.9% in the second quarter. Timpani Capital Management LLC now owns 73,624 shares of the transportation company’s stock worth $2,728,000 after purchasing an additional 51,575 shares during the period. Finally, Rhumbline Advisers raised its holdings in Swift Transportation by 3.6% in the second quarter. Rhumbline Advisers now owns 157,941 shares of the transportation company’s stock worth $5,852,000 after purchasing an additional 5,522 shares during the period.

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Swift Transportation Company (KNX) opened at 39.82 on Monday. The company has a market cap of $3.21 billion, a P/E ratio of 41.05 and a beta of 1.97. Swift Transportation Company has a 12 month low of $26.85 and a 12 month high of $44.45. The stock has a 50 day moving average of $39.78 and a 200-day moving average of $35.78.

Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 26th. The transportation company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $283.88 million. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. Equities research analysts expect that Swift Transportation Company will post $1.20 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a $0.06 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.60%.

In related news, Director G D. Madden sold 1,875 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.52, for a total transaction of $68,475.00. Following the completion of the transaction, the director now owns 56,011 shares in the company, valued at $2,045,521.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Todd F. Carlson sold 3,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $37.86, for a total transaction of $113,580.00. Following the transaction, the general counsel now owns 23,638 shares of the company’s stock, valued at approximately $894,934.68. The disclosure for this sale can be found here. Corporate insiders own 44.90% of the company’s stock.

KNX has been the topic of several analyst reports. Buckingham Research initiated coverage on shares of Swift Transportation in a report on Monday, August 21st. They issued a “buy” rating and a $43.00 target price on the stock. BidaskClub upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Deutsche Bank AG set a $45.00 price objective on shares of Swift Transportation and gave the stock a “buy” rating in a report on Monday, July 31st. UBS AG raised their price objective on shares of Swift Transportation from $43.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, September 29th. Finally, Seaport Global Securities restated a “buy” rating on shares of Swift Transportation in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.50.

About Swift Transportation

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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