Today: Swift Transportation Co. (SWFT) Stake Boosted by Ngam Advisors L.P.

Today: Swift Transportation Co. (SWFT) Stake Boosted by Ngam Advisors L.P.

Ngam Advisors L.P. boosted its position in Swift Transportation Co. (NYSE:SWFT) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,823 shares of the company’s stock after buying an additional 5,566 shares during the period. Ngam Advisors L.P. owned 0.33% of Swift Transportation worth $9,443,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Swift Transportation during the first quarter worth $14,041,000. Nordea Investment Management AB raised its stake in shares of Swift Transportation by 314.7% in the second quarter. Nordea Investment Management AB now owns 38,953 shares of the company’s stock worth $600,000 after buying an additional 29,561 shares during the last quarter. First Quadrant L P CA raised its stake in shares of Swift Transportation by 7.4% in the second quarter. First Quadrant L P CA now owns 113,200 shares of the company’s stock worth $1,744,000 after buying an additional 7,800 shares during the last quarter. Parkwood LLC bought a new stake in shares of Swift Transportation during the second quarter worth $243,000. Finally, Bank of Montreal Can bought a new stake in shares of Swift Transportation during the second quarter worth $2,535,000. 73.01% of the stock is currently owned by institutional investors and hedge funds.

Swift Transportation Co. (NYSE:SWFT) traded down 1.62% on Monday, hitting $24.95. 228,374 shares of the stock traded hands. Swift Transportation Co. has a 12 month low of $11.74 and a 12 month high of $25.60. The firm has a 50-day moving average price of $22.51 and a 200-day moving average price of $19.08. The company has a market capitalization of $3.30 billion, a PE ratio of 19.94 and a beta of 1.93.

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

A number of equities research analysts have recently weighed in on SWFT shares. 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 lifted their target price on shares of Swift Transportation from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, September 12th. Citigroup Inc. lifted their target price on shares of Swift Transportation from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $24.00 target price 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 issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $21.03.

In other Swift Transportation news, VP Kenneth C. Runnels sold 155,726 shares of the 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 transaction, the vice president now directly owns 131,892 shares in the company, valued at approximately $3,215,526.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kirk Steven Richard Van sold 11,492 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $24.75, for a total transaction of $284,427.00. Following the transaction, the vice president now owns 20,233 shares in the company, valued at $500,766.75. The disclosure for this sale can be found here. 44.90% of the stock is currently owned by insiders.

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