Keybank National Association OH maintained its position in shares of Swift Transportation Company (NYSE:KNX) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,437 shares of the transportation company’s stock at the end of the second quarter. Keybank National Association OH’s holdings in Swift Transportation were worth $350,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Swift Transportation by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,794 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 288 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Swift Transportation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,385 shares of the transportation company’s stock valued at $200,000 after acquiring an additional 807 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Swift Transportation by 76.1% in the second quarter. BNP Paribas Arbitrage SA now owns 24,110 shares of the transportation company’s stock valued at $893,000 after acquiring an additional 10,421 shares in the last quarter. Legal & General Group Plc boosted its stake in Swift Transportation by 13.1% in the second quarter. Legal & General Group Plc now owns 130,344 shares of the transportation company’s stock valued at $4,829,000 after acquiring an additional 15,090 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Swift Transportation by 45.1% in the second quarter. Bank of New York Mellon Corp now owns 4,276,086 shares of the transportation company’s stock valued at $158,429,000 after acquiring an additional 1,329,855 shares in the last quarter. Institutional investors own 74.86% of the company’s stock.

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Swift Transportation from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Swift Transportation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Buckingham Research assumed coverage on shares of Swift Transportation in a research note on Monday, August 21st. They issued a “buy” rating and a $43.00 price objective for the company. Finally, Bank of America Corporation restated a “buy” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Swift Transportation in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.44.

Swift Transportation Company (NYSE:KNX) opened at 39.59 on Thursday. Swift Transportation Company has a 12-month low of $26.85 and a 12-month high of $44.45. The stock has a market capitalization of $3.19 billion, a PE ratio of 40.81 and a beta of 1.96. The company’s 50-day moving average is $37.76 and its 200 day moving average is $34.82.

Swift Transportation (NYSE:KNX) last posted its quarterly 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. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $283.88 million. During the same period in the previous year, the business posted $0.31 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that Swift Transportation Company will post $1.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Wednesday, August 30th.

In other news, Director G D. Madden sold 1,875 shares of Swift Transportation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.52, for a total value of $68,475.00. Following the completion of the transaction, the director now directly owns 56,011 shares of the company’s stock, valued at approximately $2,045,521.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Todd F. Carlson sold 3,000 shares of Swift Transportation 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 completion of the transaction, 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. Insiders own 9.90% of the company’s stock.

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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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