Swift Transportation Co. (SWFT) Insider Sells $236,400.00 in Stock
Swift Transportation Co. (NYSE:SWFT) insider Cary M. Flanagan sold 10,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $23.64, for a total transaction of $236,400.00. Following the completion of the transaction, the insider now directly owns 15,409 shares in the company, valued at approximately $364,268.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Swift Transportation Co. (NYSE:SWFT) opened at 23.84 on Friday. Swift Transportation Co. has a 1-year low of $11.74 and a 1-year high of $25.04. The company has a 50-day moving average of $21.48 and a 200-day moving average of $18.52. The company has a market capitalization of $3.16 billion, a P/E ratio of 19.06 and a beta of 1.93.
Swift Transportation (NYSE:SWFT) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Swift Transportation had a net margin of 4.54% and a return on equity of 32.99%. Swift Transportation’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts expect that Swift Transportation Co. will post $1.36 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Swift Transportation by 1.6% in the second quarter. Vanguard Group Inc. now owns 6,013,623 shares of the company’s stock worth $92,669,000 after buying an additional 93,839 shares in the last quarter. Impala Asset Management LLC increased its stake in Swift Transportation by 40.2% in the second quarter. Impala Asset Management LLC now owns 4,374,147 shares of the company’s stock worth $67,406,000 after buying an additional 1,253,209 shares during the period. Ameriprise Financial Inc. increased its stake in Swift Transportation by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 2,773,232 shares of the company’s stock worth $59,542,000 after buying an additional 483,202 shares during the period. Dimensional Fund Advisors LP increased its stake in Swift Transportation by 40.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,309,583 shares of the company’s stock worth $35,590,000 after buying an additional 666,216 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Swift Transportation by 1.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,093,729 shares of the company’s stock worth $44,952,000 after buying an additional 29,414 shares during the period. Institutional investors own 74.74% of the company’s stock.
SWFT has been the topic of several research analyst reports. Aegis initiated coverage on shares of Swift Transportation in a report on Monday, October 24th. They issued a “buy” rating and a $27.00 price target on the stock. Bank of America Corp. reissued a “buy” rating and issued a $24.00 target price on shares of Swift Transportation in a research note on Monday, September 12th. Citigroup Inc. increased their target price on Swift Transportation from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Stifel Nicolaus increased their target price on Swift Transportation from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Finally, Deutsche Bank AG set a $19.00 target price on Swift Transportation and gave the company a “buy” rating in a research note on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Swift Transportation has a consensus rating of “Buy” and a consensus target price of $20.97.
Swift Transportation Company Profile
Swift Transportation Company (Swift Transportation Co) is a multi-faceted transportation services company, which operates the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, Dedicated, Swift Refrigerated and Intermodal.
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