Insider Selling: Swift Transportation Company (SWFT) Insider Sells 126,722 Shares of Stock
Swift Transportation Company (NYSE:SWFT) insider Richard Stocking sold 126,722 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $27.30, for a total transaction of $3,459,510.60. Following the completion of the transaction, the insider now directly owns 133,902 shares of the company’s stock, valued at $3,655,524.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Richard Stocking also recently made the following trade(s):
- On Tuesday, May 30th, Richard Stocking sold 80,000 shares of Swift Transportation stock. The shares were sold at an average price of $24.25, for a total transaction of $1,940,000.00.
Shares of Swift Transportation Company (NYSE:SWFT) traded down 0.97% during trading on Thursday, reaching $26.55. 1,430,448 shares of the company were exchanged. Swift Transportation Company has a 1-year low of $18.39 and a 1-year high of $27.67. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 34.04 and a beta of 1.96. The stock’s 50 day moving average is $26.06 and its 200 day moving average is $23.75.
Swift Transportation (NYSE:SWFT) last issued its earnings results on Monday, July 24th. The transportation company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. The firm had revenue of $1,000 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Swift Transportation’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts anticipate that Swift Transportation Company will post $0.98 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in Swift Transportation during the second quarter valued at approximately $117,000. TrimTabs Asset Management LLC raised its position in Swift Transportation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 5,013 shares of the transportation company’s stock valued at $103,000 after buying an additional 2,360 shares during the period. James Investment Research Inc. raised its position in Swift Transportation by 51.5% in the first quarter. James Investment Research Inc. now owns 5,150 shares of the transportation company’s stock valued at $106,000 after buying an additional 1,750 shares during the period. Exane Derivatives acquired a new position in Swift Transportation during the first quarter valued at approximately $124,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Swift Transportation during the first quarter valued at approximately $133,000. Institutional investors and hedge funds own 78.75% of the company’s stock.
Several research analysts have commented on SWFT shares. ValuEngine raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $27.00 price target on shares of Swift Transportation in a report on Tuesday, July 25th. Vetr downgraded shares of Swift Transportation from a “strong-buy” rating to a “buy” rating and set a $27.80 price target for the company. in a report on Monday, April 24th. Robert W. Baird reissued an “outperform” rating on shares of Swift Transportation in a report on Wednesday, April 19th. Finally, Zacks Investment Research raised shares of Swift Transportation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.18.
Swift Transportation Company Profile
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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