NEW YORK, September 19, 2016 /PRNewswire/ --
Stock-Callers.com today turns its attention to the highly fragmented, competitive, and capital-intensive US Trucking segment. According to a recent release by the American Trucking Associations, the turnover rate at truckload fleets with more than $30 million in annual revenue dropped six points to 83% in the second quarter, which is the lowest point since the second quarter of 2011. Let us now evaluate the most recent performances of the following equities: Swift Transportation Co. (NYSE: SWFT), Knight Transportation Inc. (NYSE: KNX), Old Dominion Freight Line Inc. (NASDAQ: ODFL), and Heartland Express Inc. (NASDAQ: HTLD). These stocks research reports can be downloaded now by simply registering for free at:
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Swift Transportation
Phoenix, Arizona headquartered Swift Transportation Co.'s stock finished last Friday's session 0.37% higher at $21.46. A total volume of 2.76 million shares was traded, which was above their three months average volume of 2.59 million shares. The Company's shares have advanced 16.13% in the past month, 27.51% over the previous three months, and 55.28% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.61% and 28.70%, respectively. Furthermore, shares of Swift Transportation, which operates as a multi-faceted transportation services company in North America, have a Relative Strength Index (RSI) of 74.29.
On September 8th, 2016, Swift Transportation announced the retirement of Founder and CEO Jerry Moyes, effective as of December 31st, 2016. Richard Stocking, who has served as Swift's President and Chief Operating Officer since 2010, has been unanimously appointed by the Board of Directors as President and Chief Executive Officer. Your complete research report on SWFT can be retrieved for free at:
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Knight Transportation
On Friday, shares in Phoenix, Arizona headquartered Knight Transportation Inc. ended the session at $29.19, up 0.31%. The stock recorded a trading volume of 2.04 million shares, which was higher than its three months average volume of 986,390 shares. The Company's shares have gained 4.69% in the last one month, 8.66% over the previous three months, and 21.29% since the start of this year. The stock is trading 2.44% above its 50-day moving average and 12.29% above its 200-day moving average. Moreover, shares of Knight Transportation, which together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the US, have an RSI of 58.33.
On August 4th, 2016, Knight Transportation announced that its Board of Directors has declared the company's quarterly cash dividend of $0.06 per share of common stock. The company's dividend is payable to shareholders of record on September 2nd, 2016 and is expected to be paid on September 30th, 2016. KNX free report is just a click away at:
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Old Dominion Freight Line
Thomasville, North Carolina-based Old Dominion Freight Line Inc.'s stock ended the session 0.36% lower at $68.71. A total volume of 996,843 shares was traded, which was above their three months average volume of 523,480 shares. The Company's shares have advanced 15.93% in the previous three months and 16.32% on an YTD basis. The stock is trading 0.74% above its 50-day moving average and 7.63% above its 200-day moving average. Additionally, shares of Old Dominion Freight Line, which operates as a less-than-truckload motor carrier in the US and North America, have an RSI of 49.66.
On September 13th, 2016, the company announced a general rate increase of 4.9% applicable to rates established under the existing Old Dominion Freight Line, 559, 670, and 550 tariffs effective September 26th, 2016. Sign up for your complimentary research report on ODFL at:
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Heartland Express
At the close on Friday, shares in North Liberty, Iowa headquartered Heartland Express Inc. recorded a trading volume of 2.78 million shares, which was above their three months average volume of 472,010 shares. The stock finished 1.23% lower at $19.31. The Company's shares have gained 1.63% in the last one month, 8.00% in the previous three months, and 13.71% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.78% and 7.10%, respectively. Furthermore, shares of Heartland Express, which through its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities, have an RSI of 54.39.
On September 13th, 2016, The Board of Directors of Heartland Express announced the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on October 3rd, 2016 to shareholders of record at the close of business on September 23rd, 2016. This is the Company's fifty-third consecutive quarterly cash dividend. With the payment of this dividend, the Company said it will have paid a total of $462.4 million in cash dividends, including three special dividends since the dividend program was implemented in Q3 2003. Register for free on Stock-Callers.com and download the latest research report on HTLD at:
http://stock-callers.com/registration/?symbol=HTLD
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