Economy

Why Wellington Management Group Llp Reported Knight-Swift Transportation Holdings Inc Position?

(NYSE:BMS) has declined 9.13% since October 9, 2016 and is downtrending. Knight-Swift Transportation Holdings Inc. has 179.67 million shares outstanding, and in the last trade has seen ATR around 1.11. Yu Wayne also sold $175,987 worth of Knight Transportation Inc (NYSE:KNX) shares. Philadelphia Trust Co, a Pennsylvania-based fund reported 71,000 shares.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 45,125 were reported by Amer Gru Inc. The stock has a market cap of $2.56 billion, a PE ratio of 30.071 and a beta of 0.74.

Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 26th.

07/07/2017 - Knight Transportation, Inc. had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. Artemis Inv Mgmt Llp owns 55,998 shares. Gotham Asset Ltd Limited Liability Company reported 0.14% stake.

First Allied Advisory Services Inc. lowered its stake in shares of Swift Transportation Co (NYSE:SWFT) by 68.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 104,244 are owned by Prelude Management Limited Co. This represents a $0.24 annualized dividend and a dividend yield of 0.60%. Sei Invests Communication reported 179,478 shares.

In other Swift Transportation news, CFO Virginia Henkels sold 17,153 shares of the company's stock in a transaction dated Friday, August 25th. Swift Transportation had a net margin of 2.65% and a return on equity of 15.10%. Access it here: 000090221917000586. Following the completion of the sale, the insider now owns 2,761,738 shares of the company's stock, valued at approximately $94,838,082.92. Zacks Investment Research raised Swift Transportation from a "sell" rating to a "hold" rating in a report on Tuesday, July 18th.

In related news, CFO Virginia Henkels sold 29,051 shares of the firm's stock in a transaction dated Tuesday, August 15th. The rating was downgraded by Cowen & Co on Friday, October 30 to "Market Perform". For a institutional investor managing $826.00 billion in assets and having 1540+ experts this is interesting position. $100,100 worth of Knight Transportation Inc (NYSE:KNX) was sold by Updike James E. Jr. 92602311 were owned by these investors.

2 investors had the stock in their top 10. KeyBanc Capital Markets maintained Bemis Company, Inc.

Knight-Swift Transportation Holdings Inc. Ramsey Asset Management owns 185750 shares or 4.92% of its portfolio. Schaper Benz And Wise Invest Counsel Wi reported 0.04% stake. The MD Croft-Leominster Inc owns 23000 shares.

07/13/2016 - Knight Transportation, Inc. had its "neutral" rating reiterated by analysts at Citigroup. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. As per Monday, July 31, the company rating was upgraded by RBC Capital Markets.

It is down 48.82% since October 10, 2016 and is uptrending. It has outperformed by 51.29% the S&P500. Harvey Investment Co Llc who had been investing in Knight Transportation for a number of months, seems to be less bullish one the $7.02B market cap company. It has a 13.49 P/E ratio. The Firm provides its services across United States, Mexico and Canada using its dry van, refrigerated, flatbed and specialized trailers, and intermodal containers. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 59% are positive. Swift Transportation Company has a 12 month low of $26.85 and a 12 month high of $44.45. $33.25's average target is -16.50% below currents $39.82 stock price. Vertical Research initiated coverage on shares of Knight Transportation in a research report on Thursday, April 13th. The firm has "Buy" rating by Evercore given on Wednesday, August 19. The firm has "Hold" rating by Stifel Nicolaus given on Tuesday, November 22. The stock has "Market Underperform" rating by Avondale on Thursday, June 23. The company has an average rating of "Buy" and an average target price of $28.59.

Analysts await Knight Transportation Inc (NYSE:KNX) to report earnings on October, 23. The stock of Altria Group Inc (NYSE:MO) has "Buy" rating given on Monday, July 31 by Wells Fargo. At present, 6 analysts recommended Holding these shares while 2 recommended sell, according to FactSet data.

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