Swift Transportation Company (NYSE:SWFT) CFO Virginia Henkels sold 29,051 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 39,004 shares in the company, valued at approximately $1,069,099.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Virginia Henkels also recently made the following trade(s):

  • On Wednesday, May 31st, Virginia Henkels sold 20,325 shares of Swift Transportation stock. The stock was sold at an average price of $23.90, for a total value of $485,767.50.
  • On Friday, May 26th, Virginia Henkels sold 16,501 shares of Swift Transportation stock. The stock was sold at an average price of $24.13, for a total value of $398,169.13.
  • On Tuesday, May 30th, Virginia Henkels sold 58,000 shares of Swift Transportation stock. The stock was sold at an average price of $24.16, for a total value of $1,401,280.00.
  • On Thursday, May 25th, Virginia Henkels sold 44,000 shares of Swift Transportation stock. The stock was sold at an average price of $24.03, for a total value of $1,057,320.00.

Shares of Swift Transportation Company (NYSE SWFT) traded down 1.76% on Wednesday, hitting $26.81. 1,113,304 shares of the stock traded hands. The stock has a 50-day moving average price of $26.05 and a 200 day moving average price of $23.73. The firm has a market cap of $3.59 billion, a P/E ratio of 34.37 and a beta of 1.96. Swift Transportation Company has a 52 week low of $18.27 and a 52 week high of $27.67.

Swift Transportation (NYSE:SWFT) last posted its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. The company had revenue of $1,000 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts predict that Swift Transportation Company will post $0.98 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on SWFT shares. ValuEngine upgraded Swift Transportation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus restated a “hold” rating and set a $27.00 price objective on shares of Swift Transportation in a report on Tuesday, July 25th. Vetr cut Swift Transportation from a “strong-buy” rating to a “buy” rating and set a $27.80 price objective for the company. in a report on Monday, April 24th. Robert W. Baird restated an “outperform” rating on shares of Swift Transportation in a report on Wednesday, April 19th. Finally, Zacks Investment Research upgraded Swift Transportation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $28.18.

Institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Swift Transportation by 1.3% in the second quarter. FMR LLC now owns 9,230,187 shares of the transportation company’s stock worth $244,599,000 after buying an additional 116,718 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Swift Transportation by 1.5% in the first quarter. Wellington Management Group LLP now owns 8,853,687 shares of the transportation company’s stock worth $181,855,000 after buying an additional 127,340 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Swift Transportation by 9.0% in the first quarter. Vanguard Group Inc. now owns 7,661,850 shares of the transportation company’s stock worth $157,374,000 after buying an additional 629,792 shares during the last quarter. BlackRock Inc. boosted its position in shares of Swift Transportation by 40,731.1% in the first quarter. BlackRock Inc. now owns 4,864,210 shares of the transportation company’s stock worth $99,912,000 after buying an additional 4,852,297 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Swift Transportation by 972.9% in the second quarter. Bank of New York Mellon Corp now owns 4,783,355 shares of the transportation company’s stock worth $126,758,000 after buying an additional 4,337,518 shares during the last quarter. Institutional investors own 78.75% of the company’s stock.

About Swift Transportation

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.

Insider Buying and Selling by Quarter for Swift Transportation (NYSE:SWFT)

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