Vanguard Group Inc. Has $201.17 Million Stake in Swift Transportation Co (SWFT)

Vanguard Group Inc. decreased its position in Swift Transportation Co (NYSE:SWFT) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,591,198 shares of the transportation company’s stock after selling 70,652 shares during the period. Vanguard Group Inc. owned 5.67% of Swift Transportation worth $201,166,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SWFT. Ameritas Investment Partners Inc. purchased a new stake in shares of Swift Transportation in the 1st quarter valued at approximately $133,000. FNY Partners Fund LP grew its stake in shares of Swift Transportation by 20,933.3% in the 1st quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock valued at $154,000 after buying an additional 7,536 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Swift Transportation in the 1st quarter valued at approximately $236,000. Prudential Financial Inc. grew its stake in shares of Swift Transportation by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 11,546 shares of the transportation company’s stock valued at $237,000 after buying an additional 80 shares during the period. Finally, Campbell Newman Asset Management Inc. purchased a new stake in shares of Swift Transportation in the 2nd quarter valued at approximately $241,000. 74.86% of the stock is owned by institutional investors and hedge funds.

In other Swift Transportation news, CFO Virginia Henkels sold 29,051 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $27.41, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard Stocking sold 126,722 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $27.30, for a total transaction of $3,459,510.60. Following 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 quarter, insiders have sold 251,141 shares of company stock valued at $6,959,714. 44.90% of the stock is owned by insiders.

SWFT has been the subject of several analyst reports. BidaskClub raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Stifel Nicolaus reissued a “hold” rating and issued a $27.00 price target on shares of Swift Transportation in a research note on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and issued a $25.00 price target on shares of Swift Transportation in a research note on Monday, August 28th. Zacks Investment Research raised shares of Swift Transportation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.59.

Shares of Swift Transportation Co (NYSE:SWFT) opened at 29.49 on Tuesday. The firm’s 50-day moving average is $34.80 and its 200-day moving average is $33.76. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 37.81 and a beta of 1.96. Swift Transportation Co has a 12-month low of $26.72 and a 12-month high of $41.31.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Swift Transportation had a net margin of 2.65% and a return on equity of 15.10%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. Swift Transportation’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts forecast that Swift Transportation Co will post $1.41 EPS for the current fiscal year.

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Several other institutional investors have also recently bought and sold shares of SWFT. Ameritas Investment Partners Inc. purchased a new stake in shares of Swift Transportation in the 1st quarter valued at approximately $133,000. FNY Partners Fund LP grew its stake in shares of Swift Transportation by 20,933.3% in the 1st quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock valued at $154,000 after buying an additional 7,536 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Swift Transportation in the 1st quarter valued at approximately $236,000. Prudential Financial Inc. grew its stake in shares of Swift Transportation by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 11,546 shares of the transportation company’s stock valued at $237,000 after buying an additional 80 shares during the period. Finally, Campbell Newman Asset Management Inc. purchased a new stake in shares of Swift Transportation in the 2nd quarter valued at approximately $241,000. 74.86% of the stock is owned by institutional investors and hedge funds.

In other Swift Transportation news, CFO Virginia Henkels sold 29,051 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $27.41, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard Stocking sold 126,722 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $27.30, for a total transaction of $3,459,510.60. Following 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 quarter, insiders have sold 251,141 shares of company stock valued at $6,959,714. 44.90% of the stock is owned by insiders.

SWFT has been the subject of several analyst reports. BidaskClub raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Stifel Nicolaus reissued a “hold” rating and issued a $27.00 price target on shares of Swift Transportation in a research note on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and issued a $25.00 price target on shares of Swift Transportation in a research note on Monday, August 28th. Zacks Investment Research raised shares of Swift Transportation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.59.

Shares of Swift Transportation Co (NYSE:SWFT) opened at 29.49 on Tuesday. The firm’s 50-day moving average is $34.80 and its 200-day moving average is $33.76. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 37.81 and a beta of 1.96. Swift Transportation Co has a 12-month low of $26.72 and a 12-month high of $41.31.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Swift Transportation had a net margin of 2.65% and a return on equity of 15.10%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. Swift Transportation’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts forecast that Swift Transportation Co will post $1.41 EPS for the current fiscal year.

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Swift Transportation 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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