Croft Leominster Inc. continued to hold its position in shares of Swift Transportation Co (NYSE:SWFT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,000 shares of the transportation company’s stock at the end of the 2nd quarter. Croft Leominster Inc.’s holdings in Swift Transportation were worth $329,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Swift Transportation during the second quarter valued at approximately $117,000. Ameritas Investment Partners Inc. bought a new stake in shares of Swift Transportation during the first quarter valued at approximately $133,000. FNY Partners Fund LP boosted its position in shares of Swift Transportation by 20,933.3% during the first quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 7,536 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Swift Transportation during the first quarter valued at approximately $236,000. Finally, Prudential Financial Inc. boosted its position in shares of Swift Transportation by 0.7% during the first quarter. Prudential Financial Inc. now owns 11,546 shares of the transportation company’s stock valued at $237,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 74.86% of the company’s stock.
A number of research analysts have issued reports on the company. BidaskClub upgraded Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. ValuEngine upgraded Swift Transportation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen and Company reiterated a “buy” rating and set a $25.00 price objective on shares of Swift Transportation in a research note on Monday, August 28th. Zacks Investment Research cut Swift Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $27.00 price objective on shares of Swift Transportation in a research note on Tuesday, July 25th. Six investment 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.59.
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Swift Transportation Co (NYSE SWFT) traded up inf% on Thursday, hitting $29.49. The stock had a trading volume of 7,296,089 shares. The firm has a market cap of $3.95 billion, a PE ratio of 37.81 and a beta of 1.96. The company has a 50-day moving average price of $36.11 and a 200 day moving average price of $33.82. Swift Transportation Co has a 52-week low of $26.72 and a 52-week high of $41.31.
Swift Transportation (NYSE:SWFT) last issued its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Swift Transportation had a return on equity of 15.10% and a net margin of 2.65%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts forecast that Swift Transportation Co will post $1.41 earnings per share for the current fiscal year.
In other news, insider Richard Stocking sold 126,722 shares of the stock in a transaction 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 completion of the sale, the insider now owns 133,902 shares in the company, valued at approximately $3,655,524.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Virginia Henkels sold 17,153 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $26.95, for a total value of $462,273.35. Following the sale, the chief financial officer now owns 16,294 shares of the company’s stock, valued at approximately $439,123.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,141 shares of company stock valued at $6,959,714. Company insiders own 44.90% of the company’s stock.
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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.
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