Swift Transportation Company (NYSE:KNX) General Counsel Todd F. Carlson sold 9,000 shares of Swift Transportation 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 sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Swift Transportation Company (NYSE:KNX) traded up $0.16 during mid-day trading on Tuesday, reaching $39.10. 1,851,500 shares of the company’s stock traded hands, compared to its average volume of 1,733,948. The company has a market capitalization of $6,960.00, a price-to-earnings ratio of 29.20 and a beta of 0.92. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. Swift Transportation Company has a twelve month low of $26.68 and a twelve month high of $44.45.

Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Monday, November 6th. The transportation company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.05). The company had revenue of $521.61 million during the quarter, compared to the consensus estimate of $1.33 billion. Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. During the same period in the prior year, the firm posted $0.34 EPS. analysts expect that Swift Transportation Company will post 1.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, November 30th.

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Hedge funds have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in shares of Swift Transportation by 4.7% in the first quarter. Teachers Advisors LLC now owns 115,261 shares of the transportation company’s stock valued at $3,613,000 after purchasing an additional 5,127 shares during the period. UBS Group AG raised its position in shares of Swift Transportation by 74.5% in the first quarter. UBS Group AG now owns 17,731 shares of the transportation company’s stock valued at $556,000 after purchasing an additional 7,571 shares during the period. State Street Corp raised its position in shares of Swift Transportation by 2.9% in the first quarter. State Street Corp now owns 1,722,067 shares of the transportation company’s stock valued at $53,986,000 after purchasing an additional 48,647 shares during the period. State of Alaska Department of Revenue raised its position in shares of Swift Transportation by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 13,172 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 5,812 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Swift Transportation by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 31,370 shares of the transportation company’s stock valued at $1,109,000 after purchasing an additional 150 shares during the period. 65.87% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on KNX shares. Zacks Investment Research cut shares of Swift Transportation from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Deutsche Bank AG set a $45.00 price target on shares of Swift Transportation and gave the company a “buy” rating in a research report on Monday, July 31st. BidaskClub lowered shares of Swift Transportation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Buckingham Research started coverage on shares of Swift Transportation in a research report on Monday, August 21st. They set a “buy” rating and a $43.00 price target on the stock. Finally, ValuEngine raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $41.13.

Swift Transportation Company 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.

Insider Buying and Selling by Quarter for Swift Transportation (NYSE:KNX)

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