LS Investment Advisors LLC grew its stake in Swift Transportation Company (NYSE:KNX) by 238.eight% within the third quarter, in accordance with its most up-to-date disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,395 shares of the transportation firm’s inventory after buying a further eight,032 shares through the interval. LS Investment Advisors LLC’s holdings in Swift Transportation had been value $473,000 as of its most up-to-date submitting with the Securities and Exchange Commission (SEC).
Several different hedge funds additionally not too long ago purchased and offered shares of KNX. BlackRock Inc. grew its place in shares of Swift Transportation by 129,468.zero% within the first quarter. BlackRock Inc. now owns 7,898,465 shares of the transportation firm’s inventory valued at $247,616,000 after buying a further 7,892,369 shares within the final quarter. Bank of New York Mellon Corp grew its place in Swift Transportation by 45.1% within the second quarter. Bank of New York Mellon Corp now owns four,276,086 shares of the transportation firm’s inventory value $158,429,000 after buying a further 1,329,855 shares through the interval. Teachers Advisors LLC grew its place in Swift Transportation by 1,098.three% within the second quarter. Teachers Advisors LLC now owns 1,381,195 shares of the transportation firm’s inventory value $51,173,000 after buying a further 1,265,934 shares through the interval. Citadel Advisors LLC grew its place in Swift Transportation by 10,372.6% within the second quarter. Citadel Advisors LLC now owns 1,219,634 shares of the transportation firm’s inventory value $45,187,000 after buying a further 1,207,988 shares through the interval. Finally, Balyasny Asset Management LLC bought a brand new place in Swift Transportation within the second quarter value roughly $30,414,000.
Swift Transportation Company (KNX) traded down $zero.25 throughout buying and selling on Friday, reaching $41.22. The firm’s inventory had a buying and selling quantity of 1,748,093 shares, in comparison with its common quantity of 1,807,731. Swift Transportation Company has a one 12 months low of $28.85 and a one 12 months excessive of $44.45. The firm has a debt-to-equity ratio of 1.24, a fast ratio of 1.41 and a present ratio of 1.45. The agency has a market capitalization of $7,319.97, a PE ratio of 26.50 and a beta of two.07.
In different information, Director G D. Madden offered 1,875 shares of Swift Transportation inventory in a transaction dated Monday, August seventh. The inventory was offered at a median value of $36.52, for a complete transaction of $68,475.00. Following the sale, the director now owns 56,zero11 shares within the firm, valued at $2,zero45,521.72. The transaction was disclosed in a authorized submitting with the Securities & Exchange Commission, which may be accessed via the SEC web site. Also, General Counsel Todd F. Carlson offered three,000 shares of Swift Transportation inventory in a transaction dated Monday, August 14th. The inventory was offered at a median value of $37.86, for a complete worth of $113,580.00. Following the sale, the final counsel now owns 23,638 shares within the firm, valued at roughly $894,934.68. The disclosure for this sale may be discovered right here. 9.90% of the inventory is at present owned by insiders.
Several badysis badysts not too long ago weighed in on the corporate. Zacks Investment Research lowered Swift Transportation from a “hold” ranking to a “sell” ranking in a badysis report on Tuesday, October 24th. J P Morgan Chase & Co started protection on Swift Transportation in a badysis report on Thursday, October 12th. They issued a “neutral” ranking and a $39.00 value goal for the corporate. ValuEngine lowered Swift Transportation from a “buy” ranking to a “hold” ranking in a badysis report on Monday, October 2nd. Barclays PLC raised their value goal on Swift Transportation from $33.00 to $37.00 and gave the inventory an “underweight” ranking in a badysis report on Monday, October 2nd. Finally, UBS AG raised their value goal on Swift Transportation from $43.00 to $53.00 and gave the inventory a “buy” ranking in a badysis report on Friday, September 29th. Two badysis badysts have rated the inventory with a promote ranking, 4 have issued a maintain ranking and twelve have given a purchase ranking to the inventory. The inventory has a median ranking of “Buy” and a consensus value goal of $40.94.
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Swift Transportation Profile
Knight Transportation, Inc is a supplier of a number of truckload transportation and logistics companies, which contain the motion of trailer or container a great deal of freight from origin to vacation spot for a single buyer. The Company operates via two segments: Trucking and Logistics. Its Trucking section consists of three working models: dry van truckload, temperature-controlled truckload and drayage companies.
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