First Mercantile Trust Co. decreased its stake in shares of Swift Transportation Company (NYSE:SWFT) by 28.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,827 shares of the transportation company’s stock after selling 3,508 shares during the period. First Mercantile Trust Co.’s holdings in Swift Transportation were worth $234,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SWFT. TrimTabs Asset Management LLC increased its stake in shares of Swift Transportation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 5,013 shares of the transportation company’s stock worth $103,000 after buying an additional 2,360 shares during the last quarter. James Investment Research Inc. increased its stake in shares of Swift Transportation by 51.5% in the first quarter. James Investment Research Inc. now owns 5,150 shares of the transportation company’s stock worth $106,000 after buying an additional 1,750 shares during the last quarter. Exane Derivatives bought a new stake in shares of Swift Transportation during the first quarter worth $124,000. Ameritas Investment Partners Inc. bought a new stake in shares of Swift Transportation during the first quarter worth $133,000. Finally, FNY Partners Fund LP increased its stake in shares of Swift Transportation by 20,933.3% in the first quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock worth $154,000 after buying an additional 7,536 shares during the last quarter. Hedge funds and other institutional investors own 78.75% of the company’s stock.

Shares of Swift Transportation Company (SWFT) opened at 26.67 on Monday. The firm has a market cap of $3.57 billion, a P/E ratio of 34.19 and a beta of 1.96. Swift Transportation Company has a one year low of $18.40 and a one year high of $27.67. The firm has a 50-day moving average price of $26.06 and a 200 day moving average price of $23.79.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Swift Transportation had a return on equity of 22.23% and a net margin of 2.99%. The business had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts forecast that Swift Transportation Company will post $0.98 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on the company. BidaskClub raised Swift Transportation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price objective on shares of Swift Transportation in a research report on Tuesday, July 25th. UBS AG reaffirmed a “buy” rating and set a $31.00 price objective (up previously from $29.00) on shares of Swift Transportation in a research report on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $31.00 price objective (up previously from $29.00) on shares of Swift Transportation in a research report on Monday, July 10th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $28.18.

In other news, insider Richard Stocking sold 80,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $24.25, for a total value of $1,940,000.00. Following the transaction, the insider now owns 93,902 shares in the company, valued at approximately $2,277,123.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Virginia Henkels sold 29,051 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $27.41, for a total value of $796,287.91. Following the completion of the transaction, the chief financial officer now owns 39,004 shares in the company, valued at approximately $1,069,099.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 377,053 shares of company stock worth $9,597,059. Company insiders own 44.90% of the company’s stock.

About Swift Transportation

Swift Transportation Company is a multi-faceted transportation services company. As of December 31, 2016, the Company operated fleets of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company’ segments include Truckload, Dedicated, Swift Refrigerated and Intermodal.

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Institutional Ownership by Quarter for Swift Transportation (NYSE:SWFT)

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