Schwab Charles Investment Management Inc. increased its stake in Swift Transportation Co (NYSE:SWFT) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 502,860 shares of the transportation company’s stock after buying an additional 10,881 shares during the period. Schwab Charles Investment Management Inc. owned about 0.38% of Swift Transportation worth $13,326,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SWFT. State Board of Administration of Florida Retirement System increased its stake in Swift Transportation by 17.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 68,513 shares of the transportation company’s stock valued at $1,407,000 after purchasing an additional 10,312 shares during the last quarter. First Trust Advisors LP increased its stake in Swift Transportation by 6.5% during the first quarter. First Trust Advisors LP now owns 62,940 shares of the transportation company’s stock valued at $1,293,000 after purchasing an additional 3,831 shares during the last quarter. US Bancorp DE increased its stake in Swift Transportation by 1.6% during the first quarter. US Bancorp DE now owns 48,200 shares of the transportation company’s stock valued at $990,000 after purchasing an additional 755 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Swift Transportation by 13.5% during the first quarter. UBS Asset Management Americas Inc. now owns 61,899 shares of the transportation company’s stock valued at $1,271,000 after purchasing an additional 7,352 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Swift Transportation during the first quarter valued at $329,000. Institutional investors and hedge funds own 74.86% of the company’s stock.

Several research firms have weighed in on SWFT. UBS AG reiterated a “buy” rating and set a $31.00 target price (up previously from $29.00) on shares of Swift Transportation in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Swift Transportation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Swift Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. ValuEngine upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $27.00 target price on shares of Swift Transportation in a research note on Tuesday, July 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.59.

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In other news, CFO Virginia Henkels sold 29,051 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $27.41, for a total value of $796,287.91. Following the completion of the sale, the chief financial officer now directly owns 39,004 shares in the company, valued at $1,069,099.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard Stocking sold 126,722 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $27.30, for a total value of $3,459,510.60. Following the completion of the sale, the insider now owns 133,902 shares of the company’s stock, valued at $3,655,524.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,141 shares of company stock valued at $6,959,714. 44.90% of the stock is currently owned by corporate insiders.

Shares of Swift Transportation Co (NYSE:SWFT) opened at 29.49 on Thursday. The company has a 50-day moving average of $36.11 and a 200 day moving average of $33.82. Swift Transportation Co has a 12-month low of $26.72 and a 12-month high of $41.31. The firm has a market cap of $3.95 billion, a P/E ratio of 37.81 and a beta of 1.96.

Swift Transportation (NYSE:SWFT) last announced its earnings results on Monday, July 24th. The transportation company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Swift Transportation had a return on equity of 15.10% and a net margin of 2.65%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts predict that Swift Transportation Co will post $1.41 EPS for the current year.

Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, formerly Swift Transportation Company, provides truckload services in North America. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. The Company provides its services across United States, Mexico and Canada using its dry van, refrigerated, flatbed and specialized trailers, and intermodal containers.

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

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