Knight-Swift Transportation Holdings Inc (NYSE:SWFT) has been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $28.64.
Separately, Cowen reiterated a “hold” rating on shares of Knight-Swift Transportation in a report on Wednesday, January 31st.
Knight-Swift Transportation (NYSE SWFT) traded up $0.20 during midday trading on Wednesday, hitting $29.49. 7,296,000 shares of the company were exchanged, compared to its average volume of 2,116,678. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 1.41. Knight-Swift Transportation has a twelve month low of $19.21 and a twelve month high of $29.70. The company has a market cap of $3,950.00, a P/E ratio of 37.33 and a beta of 1.96.
Hedge funds have recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its stake in Knight-Swift Transportation by 213.2% in the 3rd quarter. Shell Asset Management Co. now owns 56,422 shares of the transportation company’s stock valued at $1,184,000 after buying an additional 38,410 shares during the period. Polaris Capital Management LLC increased its stake 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 buying an additional 457,235 shares during the period. BlueCrest Capital Management Ltd increased its stake 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 buying an additional 75,405 shares during the period. Bluefin Trading LLC acquired a new position in Knight-Swift Transportation in the 2nd quarter valued at approximately $2,568,000. Finally, Maverick Capital Ltd. increased its stake in Knight-Swift Transportation by 20.7% in the 2nd quarter. Maverick Capital Ltd. now owns 156,780 shares of the transportation company’s stock valued at $4,155,000 after buying an additional 26,840 shares during the period. Institutional investors and hedge funds own 74.86% of the company’s stock.
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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.
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