Kenneth C. Runnels Sells 155,726 Shares of Swift Transportation Co. (SWFT) Stock
Swift Transportation Co. (NYSE:SWFT) VP Kenneth C. Runnels sold 155,726 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $24.38, for a total transaction of $3,796,599.88. Following the transaction, the vice president now owns 131,892 shares in the company, valued at $3,215,526.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Swift Transportation Co. (NYSE:SWFT) opened at 24.40 on Monday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 19.50 and a beta of 1.93. Swift Transportation Co. has a 12 month low of $11.74 and a 12 month high of $25.04. The firm’s 50-day moving average price is $21.57 and its 200 day moving average price is $18.56.
Swift Transportation (NYSE:SWFT) last released its earnings results on Monday, October 24th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Swift Transportation had a return on equity of 32.99% and a net margin of 4.54%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. On average, analysts anticipate that Swift Transportation Co. will post $1.36 earnings per share for the current year.
Several brokerages have recently issued reports on SWFT. Zacks Investment Research upgraded shares of Swift Transportation from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Stifel Nicolaus raised their target price on shares of Swift Transportation from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. Robert W. Baird raised their target price on shares of Swift Transportation from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 12th. Deutsche Bank AG set a $19.00 target price on shares of Swift Transportation and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Swift Transportation in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.97.
Several institutional investors have recently added to or reduced their stakes in SWFT. Aperio Group LLC increased its position in Swift Transportation by 21.1% in the first quarter. Aperio Group LLC now owns 17,444 shares of the company’s stock valued at $325,000 after buying an additional 3,044 shares in the last quarter. Teachers Advisors Inc. increased its position in Swift Transportation by 1.4% in the first quarter. Teachers Advisors Inc. now owns 132,072 shares of the company’s stock valued at $2,461,000 after buying an additional 1,824 shares in the last quarter. UBS Group AG increased its position in Swift Transportation by 35.8% in the first quarter. UBS Group AG now owns 176,286 shares of the company’s stock valued at $3,284,000 after buying an additional 46,429 shares in the last quarter. Pictet Asset Management Ltd. bought a new position in Swift Transportation during the first quarter valued at $596,000. Finally, Renaissance Technologies LLC bought a new position in Swift Transportation during the first quarter valued at $14,041,000. 74.74% of the stock is currently owned by hedge funds and other institutional investors.
About Swift Transportation
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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