Stoneridge Investment Partners LLC increased its stake in shares of Swift Transportation Co. (NYSE:SWFT) by 11.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 125,329 shares of the company’s stock after buying an additional 12,641 shares during the period. Stoneridge Investment Partners LLC’s holdings in Swift Transportation were worth $1,931,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Aperio Group LLC boosted its stake in shares of Swift Transportation by 21.1% in the first quarter. Aperio Group LLC now owns 17,444 shares of the company’s stock valued at $325,000 after buying an additional 3,044 shares in the last quarter. Springbok Capital Management LLC acquired a new stake in shares of Swift Transportation during the first quarter valued at approximately $717,000. Pictet Asset Management Ltd. acquired a new stake in shares of Swift Transportation during the first quarter valued at approximately $596,000. Norges Bank acquired a new stake in shares of Swift Transportation during the fourth quarter valued at approximately $14,056,000. Finally, Legal & General Group Plc boosted its stake in shares of Swift Transportation by 4.1% in the first quarter. Legal & General Group Plc now owns 18,950 shares of the company’s stock valued at $350,000 after buying an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.
Shares of Swift Transportation Co. (NYSE:SWFT) traded down 0.38% during trading on Wednesday, reaching $21.03. 2,397,249 shares of the company were exchanged. The company has a market capitalization of $2.81 billion, a PE ratio of 15.99 and a beta of 2.38. The firm’s 50 day moving average price is $19.52 and its 200 day moving average price is $17.54. Swift Transportation Co. has a one year low of $11.74 and a one year high of $22.15.
Swift Transportation (NYSE:SWFT) last issued its earnings results on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Swift Transportation had a return on equity of 32.87% and a net margin of 4.44%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $0.37 EPS. Equities research analysts forecast that Swift Transportation Co. will post $1.35 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on SWFT shares. TheStreet cut shares of Swift Transportation to a “hold” rating in a research report on Thursday, May 26th. Avondale Partners lowered shares of Swift Transportation from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $15.00 to $12.50 in a research note on Thursday, June 23rd. Zacks Investment Research lowered shares of Swift Transportation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Morgan Stanley reissued an “overweight” rating on shares of Swift Transportation in a research note on Wednesday, June 29th. Finally, Citigroup Inc. reduced their price objective on shares of Swift Transportation from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Swift Transportation presently has an average rating of “Buy” and a consensus target price of $20.03.
In other Swift Transportation news, Director Richard H. Dozer sold 2,282 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $18.63, for a total transaction of $42,513.66. Following the transaction, the director now directly owns 17,405 shares in the company, valued at approximately $324,255.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jose A. Cardenas sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 11,275 shares in the company, valued at $220,990. The disclosure for this sale can be found here. Company insiders own 44.90% 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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