44,802 Shares in Swift Transportation Company (KNX) Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Swift Transportation Company (NYSE:KNX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 44,802 shares of the transportation company’s stock, valued at approximately $1,862,000.

A number of other large investors have also recently modified their holdings of KNX. Teachers Advisors LLC lifted its position in Swift Transportation by 4.7% in the 1st 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 last quarter. UBS Group AG increased its stake in Swift Transportation by 74.5% during the 1st quarter. UBS Group AG now owns 17,731 shares of the transportation company’s stock valued at $556,000 after buying an additional 7,571 shares during the period. Nisa Investment Advisors LLC increased its stake in Swift Transportation by 0.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,370 shares of the transportation company’s stock valued at $1,109,000 after buying an additional 150 shares during the period. Aperio Group LLC increased its stake in Swift Transportation by 16.1% during the 2nd quarter. Aperio Group LLC now owns 26,663 shares of the transportation company’s stock valued at $988,000 after buying an additional 3,694 shares during the period. Finally, US Bancorp DE increased its stake in 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 period. Hedge funds and other institutional investors own 65.87% of the company’s stock.

Swift Transportation Company (NYSE:KNX) opened at $39.92 on Thursday. The firm has a market cap of $7,058.60, a P/E ratio of 29.75 and a beta of 2.07. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. Swift Transportation Company has a 1 year low of $26.68 and a 1 year high of $44.45.

Swift Transportation (NYSE:KNX) last released its earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.05). The firm had revenue of $521.61 million during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.34 earnings per share. research analysts predict that Swift Transportation Company will post 1.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, November 30th.

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In other news, Director Michael Garnreiter sold 2,500 shares of Swift Transportation stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $38.50, for a total value of $96,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Todd F. Carlson sold 9,000 shares of Swift Transportation stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total transaction of $353,160.00. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Several research firms have commented on KNX. Barclays PLC raised their target price on shares of Swift Transportation from $33.00 to $37.00 and gave the company an “underweight” rating in a research note on Monday, October 2nd. ValuEngine cut shares of Swift Transportation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seaport Global Securities reissued a “buy” rating on shares of Swift Transportation in a research note on Thursday, September 21st. UBS Group AG raised their target price on shares of Swift Transportation from $43.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Finally, Zacks Investment Research cut shares of Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. Swift Transportation currently has an average rating of “Buy” and a consensus target price of $41.13.

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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