Bluefin Trading LLC Invests $2.57 Million in Swift Transportation Co (SWFT)

Bluefin Trading LLC purchased a new stake in shares of Swift Transportation Co (NYSE:SWFT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 96,879 shares of the transportation company’s stock, valued at approximately $2,568,000. Bluefin Trading LLC owned 0.07% of Swift Transportation as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of Swift Transportation by 1.6% during the first quarter. Legal & General Group Plc now owns 68,496 shares of the transportation company’s stock valued at $1,406,000 after buying an additional 1,107 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Swift Transportation during the first quarter valued at about $38,449,000. Credit Suisse AG increased its position in shares of Swift Transportation by 0.6% during the first quarter. Credit Suisse AG now owns 448,753 shares of the transportation company’s stock valued at $9,218,000 after buying an additional 2,719 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Swift Transportation by 1.4% during the first quarter. Public Employees Retirement System of Ohio now owns 113,244 shares of the transportation company’s stock valued at $2,326,000 after buying an additional 1,543 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Swift Transportation during the second quarter valued at about $11,594,000. Hedge funds and other institutional investors own 74.86% of the company’s stock.

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In other Swift Transportation news, insider Richard Stocking sold 126,722 shares of Swift Transportation stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $27.30, for a total value of $3,459,510.60. Following the sale, the insider now owns 133,902 shares of the company’s stock, valued at approximately $3,655,524.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Virginia Henkels sold 17,153 shares of Swift Transportation stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $26.95, for a total value of $462,273.35. Following the completion of the sale, the chief financial officer now directly owns 16,294 shares in the company, valued at approximately $439,123.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,141 shares of company stock worth $6,959,714. Corporate insiders own 44.90% of the company’s stock.

Shares of Swift Transportation Co (SWFT) traded up inf% on Friday, reaching $29.49. 7,296,089 shares of the company’s stock were exchanged. The firm has a market cap of $3.95 billion, a PE ratio of 37.81 and a beta of 1.96. Swift Transportation Co has a one year low of $26.72 and a one year high of $41.31. The company has a 50 day moving average price of $36.11 and a 200 day moving average price of $33.82.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Swift Transportation had a return on equity of 15.10% and a net margin of 2.65%. The business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Analysts expect that Swift Transportation Co will post $1.41 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on SWFT shares. BidaskClub upgraded Swift Transportation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Stifel Nicolaus restated a “hold” rating and issued a $27.00 price objective on shares of Swift Transportation in a research report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and issued a $25.00 price objective on shares of Swift Transportation in a research report on Monday, August 28th. ValuEngine upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.59.

Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, formerly Swift Transportation Company, provides truckload services in North America. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. The Company provides its services across United States, Mexico and Canada using its dry van, refrigerated, flatbed and specialized trailers, and intermodal containers.

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Institutional Ownership by Quarter for Swift Transportation (NYSE:SWFT)

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