Stifel Nicolaus cut shares of Swift Transportation Co. (NYSE:SWFT) from a buy rating to a hold rating in a report published on Tuesday morning. Stifel Nicolaus currently has $25.00 price objective on the stock, up from their previous price objective of $24.00. The analysts noted that the move was a valuation call.
Several other equities research analysts have also issued reports on the stock. KeyCorp reaffirmed a hold rating on shares of Swift Transportation in a research note on Sunday, October 9th. TheStreet raised shares of Swift Transportation from a hold rating to a buy rating in a research note on Wednesday, August 3rd. Barclays PLC lifted their target price on shares of Swift Transportation from $22.00 to $24.00 and gave the stock an overweight rating in a report on Monday, September 12th. Citigroup Inc. lifted their target price on shares of Swift Transportation from $20.00 to $24.00 and gave the stock a buy rating in a report on Monday, September 12th. Finally, Zacks Investment Research upgraded shares of Swift Transportation from a sell rating to a hold rating in a report on Saturday, August 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $21.03.
Swift Transportation (NYSE:SWFT) opened at 25.36 on Tuesday. Swift Transportation has a 12 month low of $11.74 and a 12 month high of $25.60. The stock’s 50 day moving average is $22.51 and its 200 day moving average is $19.08. The company has a market cap of $3.36 billion, a PE ratio of 20.27 and a beta of 1.93.
Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Monday, October 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Swift Transportation had a net margin of 4.54% and a return on equity of 32.99%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $0.31 EPS. Swift Transportation’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities analysts predict that Swift Transportation will post $1.36 earnings per share for the current year.
In other Swift Transportation news, VP Kirk Steven Richard Van sold 11,492 shares of the business’s stock in a transaction dated 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 directly owns 20,233 shares in the company, valued at $500,766.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kenneth C. Runnels sold 155,726 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $24.38, for a total transaction of $3,796,599.88. Following the completion of the transaction, the vice president now owns 131,892 shares in the company, valued at $3,215,526.96. The disclosure for this sale can be found here. 44.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in SWFT. Acrospire Investment Management LLC raised its position in Swift Transportation by 42.0% in the second quarter. Acrospire Investment Management LLC now owns 7,100 shares of the company’s stock worth $109,000 after buying an additional 2,100 shares during the period. Advisor Group Inc. raised its position in shares of Swift Transportation by 42.2% in the third quarter. Advisor Group Inc. now owns 6,662 shares of the company’s stock worth $143,000 after buying an additional 1,976 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Swift Transportation during the second quarter worth about $155,000. Pacad Investment Ltd. bought a new position in shares of Swift Transportation during the second quarter worth about $160,000. Finally, BlackRock Inc. raised its position in shares of Swift Transportation by 2.3% in the second quarter. BlackRock Inc. now owns 10,739 shares of the company’s stock worth $166,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 77.97% of the company’s stock.
Swift Transportation Company Profile