Swift Transportation Co. (NYSE:SWFT)‘s stock had its “hold” rating reiterated by analysts at KeyCorp in a research report issued on Sunday.
Other equities research analysts have also recently issued research reports about the company. Bank of America Corp. reissued a “buy” rating and issued a $24.00 price target on shares of Swift Transportation in a research note on Monday, September 12th. Citigroup Inc. increased their price target on Swift Transportation from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research cut Swift Transportation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Stifel Nicolaus increased their price target on Swift Transportation from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Finally, Deutsche Bank AG set a $19.00 price target on Swift Transportation and gave the company a “buy” rating in a research note on Thursday, July 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Swift Transportation presently has a consensus rating of “Hold” and an average price target of $19.75.
Shares of Swift Transportation (NYSE:SWFT) opened at 20.98 on Friday. Swift Transportation has a 1-year low of $11.74 and a 1-year high of $22.15. The firm has a 50-day moving average price of $20.33 and a 200 day moving average price of $17.90. The company has a market cap of $2.80 billion, a PE ratio of 15.95 and a beta of 2.23.
Swift Transportation (NYSE:SWFT) last posted its earnings results on Thursday, July 21st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Swift Transportation had a return on equity of 32.87% and a net margin of 4.44%. During the same period last year, the company earned $0.37 earnings per share. On average, equities analysts anticipate that Swift Transportation will post $1.35 earnings per share for the current year.
In other news, EVP Timothy W. Guin sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $19.00, for a total value of $285,000.00. Following the transaction, the executive vice president now owns 18,601 shares in the company, valued at $353,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jose A. Cardenas sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $19.60, for a total value of $39,200.00. Following the completion of the transaction, the director now owns 11,275 shares in the company, valued at approximately $220,990. The disclosure for this sale can be found here. 44.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Skyline Asset Management LP raised its position in Swift Transportation by 3.7% in the first quarter. Skyline Asset Management LP now owns 948,500 shares of the company’s stock worth $17,671,000 after buying an additional 33,600 shares in the last quarter. A.R.T. Advisors LLC raised its position in Swift Transportation by 29.4% in the first quarter. A.R.T. Advisors LLC now owns 221,540 shares of the company’s stock worth $4,127,000 after buying an additional 50,300 shares in the last quarter. Springbok Capital Management LLC bought a new position in Swift Transportation during the first quarter worth $717,000. Anchor Bolt Capital LP bought a new position in Swift Transportation during the first quarter worth $21,223,000. Finally, Renaissance Technologies LLC bought a new position in Swift Transportation during the first quarter worth $14,041,000. Institutional investors own 74.70% of the company’s stock.
Swift Transportation Company Profile
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.
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