Swiss National Bank maintained its stake in shares of Swift Transportation Company (NYSE:SWFT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,000 shares of the transportation company’s stock at the end of the first quarter. Swiss National Bank owned 0.10% of Swift Transportation Company worth $2,814,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in SWFT. James Investment Research Inc. boosted its stake in shares of Swift Transportation Company 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 period. Exane Derivatives bought a new stake in shares of Swift Transportation Company during the first quarter worth approximately $124,000. New York State Teachers Retirement System boosted its stake in shares of Swift Transportation Company by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 6,600 shares of the transportation company’s stock worth $161,000 after buying an additional 200 shares during the period. Fiera Capital Corp bought a new stake in shares of Swift Transportation Company during the fourth quarter worth approximately $200,000. Finally, Ellington Management Group LLC bought a new stake in shares of Swift Transportation Company during the fourth quarter worth approximately $212,000. Hedge funds and other institutional investors own 76.05% of the company’s stock.
Swift Transportation Company (NYSE SWFT) opened at 25.54 on Friday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 28.00 and a beta of 1.86. Swift Transportation Company has a 52-week low of $14.31 and a 52-week high of $27.18. The firm has a 50-day moving average price of $24.11 and a 200 day moving average price of $23.26.
Swift Transportation Company (NYSE:SWFT) last released its quarterly earnings data on Monday, April 24th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.04. Swift Transportation Company had a net margin of 3.39% and a return on equity of 25.10%. The business had revenue of $963.80 million during the quarter, compared to analyst estimates of $970.74 million. During the same period in the previous year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. On average, equities research analysts predict that Swift Transportation Company will post $0.96 EPS for the current year.
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SWFT has been the topic of a number of analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Swift Transportation Company in a report on Friday, April 14th. Vertical Research initiated coverage on Swift Transportation Company in a report on Thursday, April 13th. They set a “buy” rating and a $34.00 target price on the stock. Vetr upgraded Swift Transportation Company from a “hold” rating to a “buy” rating and set a $25.73 target price on the stock in a report on Tuesday, April 11th. Longbow Research upgraded Swift Transportation Company from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, March 21st. Finally, ValuEngine upgraded Swift Transportation Company from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $26.09.
In related news, insider Richard Stocking sold 80,000 shares of Swift Transportation Company stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $24.25, for a total value of $1,940,000.00. Following the completion of the sale, the insider now owns 93,902 shares of the company’s stock, valued at approximately $2,277,123.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cary M. Flanagan sold 2,454 shares of Swift Transportation Company stock in a transaction on Friday, May 26th. The shares were sold at an average price of $23.93, for a total transaction of $58,724.22. Following the completion of the sale, the insider now directly owns 6,743 shares of the company’s stock, valued at approximately $161,359.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,113 shares of company stock valued at $5,385,729. 44.90% of the stock is owned by company insiders.
About Swift Transportation Company
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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