Swift Transportation Company (NYSE:SWFT) issued its earnings results on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05, Bloomberg Earnings reports. 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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis.
Shares of Swift Transportation (NYSE:SWFT) opened at 26.70 on Friday. Swift Transportation has a one year low of $18.05 and a one year high of $27.23. The company has a market capitalization of $3.58 billion, a P/E ratio of 34.23 and a beta of 1.96. The firm has a 50-day moving average of $25.98 and a 200-day moving average of $23.68.
In other Swift Transportation news, insider Cary M. Flanagan sold 2,454 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $23.93, for a total transaction of $58,724.22. Following the transaction, the insider now directly owns 6,743 shares of the company’s stock, valued at $161,359.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Virginia Henkels sold 20,325 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $23.90, for a total transaction of $485,767.50. Following the transaction, the chief financial officer now directly owns 53,772 shares in the company, valued at $1,285,150.80. The disclosure for this sale can be found here. Insiders have sold 221,280 shares of company stock worth $5,341,261 over the last three months. 44.90% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. TrimTabs Asset Management LLC increased 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 in the last quarter. James Investment Research Inc. increased 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 in the last quarter. Exane Derivatives acquired a new position in Swift Transportation during the first quarter valued at $124,000. Ameritas Investment Partners Inc. acquired a new position in Swift Transportation during the first quarter valued at $133,000. Finally, FNY Partners Fund LP increased its position in Swift Transportation by 20,933.3% in the first quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock valued at $154,000 after buying an additional 7,536 shares in the last quarter. 75.22% of the stock is currently owned by hedge funds and other institutional investors.
SWFT has been the topic of several research reports. Deutsche Bank AG restated a “buy” rating on shares of Swift Transportation in a report on Friday, April 14th. Robert W. Baird restated an “outperform” rating on shares of Swift Transportation in a report on Wednesday, April 19th. Vetr cut shares of Swift Transportation from a “strong-buy” rating to a “buy” rating and set a $27.80 target price on the stock. in a report on Monday, April 24th. TheStreet cut shares of Swift Transportation from a “b-” rating to a “c” rating in a report on Monday, April 24th. Finally, ValuEngine upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Eight 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. Swift Transportation has an average rating of “Buy” and an average price target of $28.18.
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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.
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