Knight-Swift Transportation (SWFT) Given “Hold” Rating at Cowen

Knight-Swift Transportation (NYSE:SWFT)‘s stock had its “hold” rating restated by equities researchers at Cowen in a research report issued on Wednesday.

Knight-Swift Transportation (NYSE:SWFT) traded up $0.20 during mid-day trading on Wednesday, reaching $29.49. 7,296,000 shares of the company traded hands, compared to its average volume of 2,116,678. The firm has a market capitalization of $3,950.00, a P/E ratio of 37.33 and a beta of 1.96. Knight-Swift Transportation has a 1-year low of $19.21 and a 1-year high of $29.70. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.24.

Hedge funds have recently bought and sold shares of the stock. CNH Partners LLC acquired a new stake in Knight-Swift Transportation in the 2nd quarter valued at about $57,360,000. Polaris Capital Management LLC lifted its holdings in Knight-Swift Transportation by 476.5% in the 2nd quarter. Polaris Capital Management LLC now owns 553,200 shares of the transportation company’s stock valued at $34,647,000 after acquiring an additional 457,235 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Knight-Swift Transportation by 183.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 567,625 shares of the transportation company’s stock valued at $15,042,000 after acquiring an additional 367,572 shares during the last quarter. Bluefin Trading LLC acquired a new stake in Knight-Swift Transportation in the 2nd quarter valued at about $2,568,000. Finally, BlueCrest Capital Management Ltd lifted its holdings in Knight-Swift Transportation by 52.6% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 218,700 shares of the transportation company’s stock valued at $5,796,000 after acquiring an additional 75,405 shares during the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.

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Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, formerly Swift Transportation Company, provides truckload services in North America. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. The Company provides its services across United States, Mexico and Canada using its dry van, refrigerated, flatbed and specialized trailers, and intermodal containers.

Analyst Recommendations for Knight-Swift Transportation (NYSE:SWFT)

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