Dimensional Fund Advisors LP reduced its position in shares of Swift Transportation Company (NYSE:KNX) by 0.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,506,780 shares of the transportation company’s stock after selling 17,442 shares during the quarter. Dimensional Fund Advisors LP owned about 3.12% of Swift Transportation worth $92,877,000 at the end of the most recent reporting period.

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

A number of research analysts have recently commented on KNX shares. BidaskClub upgraded Swift Transportation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Bank of America Corporation reiterated a “buy” rating and set a $43.00 target price (up from $41.00) on shares of Swift Transportation in a research report on Monday, July 10th. Deutsche Bank AG set a $45.00 target price on Swift Transportation and gave the company a “buy” rating in a research report on Monday, July 31st. ValuEngine upgraded Swift Transportation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Buckingham Research started coverage on Swift Transportation in a research report on Monday, August 21st. They set a “buy” rating and a $43.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Swift Transportation presently has a consensus rating of “Buy” and a consensus price target of $40.50.

Shares of Swift Transportation Company (KNX) opened at 40.47 on Thursday. The firm has a 50-day moving average price of $39.63 and a 200-day moving average price of $35.70. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 41.72 and a beta of 1.97. Swift Transportation Company has a 1-year low of $26.85 and a 1-year high of $44.45.

Swift Transportation (NYSE:KNX) last announced 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 return on equity of 22.23% and a net margin of 2.99%. The business had revenue of $273.20 million for the quarter, compared to analyst estimates of $283.88 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts forecast that Swift Transportation Company will post $1.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Wednesday, August 30th.

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In other news, Director G D. Madden sold 1,875 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.52, for a total value of $68,475.00. Following the transaction, the director now owns 56,011 shares of the company’s stock, valued at approximately $2,045,521.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Todd F. Carlson sold 3,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $37.86, for a total value of $113,580.00. Following the completion of the transaction, the general counsel now directly owns 23,638 shares in the company, valued at approximately $894,934.68. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for Swift Transportation (NYSE:KNX)

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