Today: Lucus Advisors LLC Reduces stake in Swift Transportation Co. (SWFT)

Today: Lucus Advisors LLC Reduces stake in Swift Transportation Co. (SWFT)

Lucus Advisors LLC cut its stake in Swift Transportation Co. (NYSE:SWFT) by 19.0% during the third quarter, Holdings Channel reports. The fund owned 18,357 shares of the company’s stock after selling 4,303 shares during the period. Lucus Advisors LLC’s holdings in Swift Transportation were worth $394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWFT. BlackRock Inc. increased its position 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 during the last quarter. Baird Financial Group Inc. increased its position in Swift Transportation by 1.2% in the second quarter. Baird Financial Group Inc. now owns 38,443 shares of the company’s stock valued at $652,000 after buying an additional 456 shares during the last quarter. Teacher Retirement System of Texas increased its position 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 during the last quarter. First Mercantile Trust Co. increased its position in Swift Transportation by 4.6% in the third quarter. First Mercantile Trust Co. now owns 13,987 shares of the company’s stock valued at $300,000 after buying an additional 611 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Swift Transportation by 4.1% in the second quarter. Prudential Financial Inc. now owns 22,134 shares of the company’s stock valued at $341,000 after buying an additional 870 shares during the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.

Swift Transportation Co. (NYSE:SWFT) traded down 1.10% during mid-day trading on Monday, reaching $25.08. The company’s stock had a trading volume of 684,435 shares. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 20.05 and a beta of 1.93. Swift Transportation Co. has a 12-month low of $11.74 and a 12-month high of $25.60. The firm’s 50 day moving average price is $22.51 and its 200 day moving average price is $19.08.

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

A number of research analysts have recently commented on the company. Deutsche Bank AG reiterated a “top pick” rating and set a $28.00 target price on shares of Swift Transportation in a research report on Monday, November 14th. Zacks Investment Research upgraded Swift Transportation from a “sell” rating to a “hold” rating in a research report on Saturday, August 20th. Robert W. Baird increased their target price on Swift Transportation from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 12th. TheStreet upgraded Swift Transportation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC increased their target price on Swift Transportation from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.03.

In related news, insider Cary M. Flanagan sold 10,000 shares of the business’s 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 sale, the insider now directly owns 15,409 shares in the company, valued at $364,268.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kenneth C. Runnels sold 155,726 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $24.38, for a total value of $3,796,599.88. Following the sale, the vice president now owns 131,892 shares of the company’s stock, valued at $3,215,526.96. The disclosure for this sale can be found here. Corporate insiders own 44.90% of the company’s stock.

About Swift Transportation

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.

Related posts

Leave a Comment