Swift Transportation Co. (NYSE:SWFT) VP Kirk Steven Richard Van sold 11,492 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $24.75, for a total transaction of $284,427.00. Following the sale, the vice president now directly owns 20,233 shares of the company’s stock, valued at approximately $500,766.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Swift Transportation Co. (NYSE:SWFT) opened at 25.00 on Friday. The firm has a 50-day moving average of $21.98 and a 200-day moving average of $18.77. Swift Transportation Co. has a 52 week low of $11.74 and a 52 week high of $25.34. The company has a market capitalization of $3.31 billion, a P/E ratio of 19.98 and a beta of 1.93.

Swift Transportation (NYSE:SWFT) last posted its quarterly earnings data on Monday, October 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The business 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%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Analysts anticipate that Swift Transportation Co. will post $1.36 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Swift Transportation (NYSE:SWFT)

SWFT has been the topic of a number of analyst reports. Bank of America Corp. restated a “buy” rating and set a $24.00 target price on shares of Swift Transportation in a research note on Monday, September 12th. Aegis started coverage on shares of Swift Transportation in a research note on Monday, October 24th. They issued a “buy” rating and a $27.00 price target on the stock. Citigroup Inc. boosted their price target on shares of Swift Transportation from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Deutsche Bank AG started coverage on shares of Swift Transportation in a research note on Wednesday, November 2nd. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Swift Transportation from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.97.

A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its position in Swift Transportation by 42.0% in the second quarter. Acrospire Investment Management LLC now owns 7,100 shares of the company’s stock valued at $109,000 after buying an additional 2,100 shares during the last quarter. Advisor Group Inc. increased its position in Swift Transportation by 42.2% in the third quarter. Advisor Group Inc. now owns 6,662 shares of the company’s stock valued at $143,000 after buying an additional 1,976 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Swift Transportation during the second quarter valued at about $155,000. Pacad Investment Ltd. bought a new position in Swift Transportation during the second quarter valued at about $160,000. Finally, BlackRock Inc. increased its position in Swift Transportation by 2.3% in the second quarter. BlackRock Inc. now owns 10,739 shares of the company’s stock valued at $166,000 after buying an additional 242 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:SWFT

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