Trading Report: Today, Foundry Partners LLC Reached $595,000 position of Swift Transportation Co. (SWFT)

Today, Foundry Partners LLC Reached $595,000 position  of Swift Transportation Co. (SWFT)

Foundry Partners LLC decreased its stake in shares of Swift Transportation Co. (NYSE:SWFT) by 10.2% during the third quarter, Holdings Channel reports. The institutional investor owned 27,720 shares of the company’s stock after selling 3,150 shares during the period. Foundry Partners LLC’s holdings in Swift Transportation were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SWFT. BNP Paribas Arbitrage SA boosted its position in shares of Swift Transportation by 360.4% in the third quarter. BNP Paribas Arbitrage SA now owns 17,721 shares of the company’s stock valued at $380,000 after buying an additional 13,872 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Swift Transportation by 49.6% in the second quarter. Macquarie Group Ltd. now owns 609,065 shares of the company’s stock valued at $9,386,000 after buying an additional 201,840 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Swift Transportation during the second quarter valued at about $365,000. Public Employees Retirement System of Ohio boosted its position in shares of Swift Transportation by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 100,349 shares of the company’s stock valued at $1,546,000 after buying an additional 885 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Swift Transportation by 12.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 462,996 shares of the company’s stock valued at $7,135,000 after buying an additional 51,729 shares in the last quarter. Institutional investors own 77.97% of the company’s stock.

Shares of Swift Transportation Co. (NYSE:SWFT) traded up 0.63% during mid-day trading on Friday, reaching $25.36. 720,902 shares of the company’s stock were exchanged. Swift Transportation Co. has a one year low of $11.74 and a one year high of $25.60. The company has a market capitalization of $3.36 billion, a PE ratio of 20.27 and a beta of 1.93. The company’s 50-day moving average price is $22.51 and its 200-day moving average price is $19.08.

Swift Transportation (NYSE:SWFT) last posted its earnings results on Monday, October 24th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Swift Transportation had a net margin of 4.54% and a return on equity of 32.99%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, equities analysts expect that Swift Transportation Co. will post $1.36 earnings per share for the current year.

SWFT has been the topic of several research reports. TheStreet raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of Swift Transportation from a “sell” rating to a “hold” rating in a research note on Saturday, August 20th. Barclays PLC boosted their price objective on shares of Swift Transportation from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. Citigroup Inc. boosted their price objective on shares of Swift Transportation from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Finally, Bank of America Corp. reissued a “buy” rating and set a $24.00 price objective on shares of Swift Transportation in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.03.

In other news, VP Kirk Steven Richard Van sold 11,492 shares of Swift Transportation stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $24.75, for a total value of $284,427.00. Following the transaction, the vice president now owns 20,233 shares of the company’s stock, valued at approximately $500,766.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cary M. Flanagan sold 10,000 shares of Swift Transportation stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $23.64, for a total transaction of $236,400.00. Following the completion of the transaction, the insider now directly owns 15,409 shares in the company, valued at approximately $364,268.76. The disclosure for this sale can be found here. 44.90% of the stock is currently owned by insiders.

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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