The Swift Transportation’s (SWFT) Hold Rating Reiterated at KeyCorp

The Swift Transportation’s (SWFT) Hold Rating Reiterated at KeyCorp

KeyCorp reiterated their hold rating on shares of Swift Transportation Co. (NYSE:SWFT) in a report published on Sunday.

A number of other equities analysts also recently commented on the company. TheStreet upgraded Swift Transportation from a hold rating to a buy rating in a report on Wednesday, August 3rd. Barclays PLC increased their price objective on Swift Transportation from $22.00 to $24.00 and gave the stock an overweight rating in a report on Monday, September 12th. Citigroup Inc. increased their price objective on Swift Transportation from $20.00 to $24.00 and gave the stock a buy rating in a report on Monday, September 12th. Zacks Investment Research upgraded Swift Transportation from a sell rating to a hold rating in a report on Saturday, August 27th. Finally, Morgan Stanley restated an overweight rating on shares of Swift Transportation in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Swift Transportation has a consensus rating of Hold and a consensus price target of $19.75.

Shares of Swift Transportation (NYSE:SWFT) opened at 20.98 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of 15.95 and a beta of 2.23. Swift Transportation has a 12-month low of $11.74 and a 12-month high of $22.15. The company has a 50-day moving average of $20.33 and a 200 day moving average of $17.90.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Swift Transportation had a return on equity of 32.87% and a net margin of 4.44%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, analysts predict that Swift Transportation will post $1.35 EPS for the current year.

In other news, Director Jose A. Cardenas sold 2,000 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $19.60, for a total value of $39,200.00. Following the completion of the sale, the director now directly owns 11,275 shares of the company’s stock, valued at $220,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy W. Guin sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $19.00, for a total value of $285,000.00. Following the completion of the sale, the executive vice president now directly owns 18,601 shares of the company’s stock, valued at $353,419. The disclosure for this sale can be found here. 44.90% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of SWFT. Acrospire Investment Management LLC boosted its stake in Swift Transportation by 42.0% in the second quarter. Acrospire Investment Management LLC now owns 7,100 shares of the company’s stock valued at $109,000 after buying an additional 2,100 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Swift Transportation during the second quarter valued at $155,000. Pacad Investment Ltd. acquired a new stake in Swift Transportation during the second quarter valued at $160,000. BlackRock Inc. boosted its stake in Swift Transportation by 2.3% in the second quarter. BlackRock Inc. now owns 10,739 shares of the company’s stock valued at $166,000 after buying an additional 242 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Swift Transportation by 4.9% in the second quarter. Teacher Retirement System of Texas now owns 12,010 shares of the company’s stock valued at $185,000 after buying an additional 561 shares in the last quarter. 74.70% of the stock is owned by institutional investors.

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