Bluefin Trading LLC Buys New Stake in Swift Transportation Co (NYSE:SWFT)

Bluefin Trading LLC purchased a new position in shares of Swift Transportation Co (NYSE:SWFT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in Swift Transportation in the 1st quarter worth approximately $133,000. FNY Partners Fund LP lifted its stake in Swift Transportation by 20,933.3% in the 1st quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock worth $154,000 after purchasing an additional 7,536 shares in the last quarter. Campbell Newman Asset Management Inc. purchased a new stake in shares of Swift Transportation during the 2nd quarter valued at approximately $241,000. Amalgamated Bank purchased a new stake in shares of Swift Transportation during the 2nd quarter valued at approximately $248,000. Finally, TrimTabs Asset Management LLC raised its position in shares of Swift Transportation by 105.0% during the 2nd quarter. TrimTabs Asset Management LLC now owns 10,278 shares of the transportation company’s stock valued at $272,000 after buying an additional 5,265 shares during the period. Hedge funds and other institutional investors own 74.86% of the company’s stock.

Several research firms have recently commented on SWFT. BidaskClub downgraded shares of Swift Transportation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. UBS AG restated a “buy” rating and issued a $31.00 price target (up previously from $29.00) on shares of Swift Transportation in a research note on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and issued a $27.00 price target on shares of Swift Transportation in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $31.00 price objective (up from $29.00) on shares of Swift Transportation in a research report on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Swift Transportation presently has a consensus rating of “Buy” and an average target price of $28.59.

In other Swift Transportation news, CFO Virginia Henkels sold 17,153 shares of the business’s 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 transaction, the chief financial officer now directly owns 16,294 shares of the company’s stock, valued at $439,123.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard Stocking sold 78,215 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $28.66, for a total value of $2,241,641.90. Following the completion of the transaction, the insider now directly owns 108,864 shares in the company, valued at $3,120,042.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,141 shares of company stock worth $6,959,714. Company insiders own 44.90% of the company’s stock.

Swift Transportation Co (SWFT) traded up 0.68% during midday trading on Tuesday, hitting $29.49. 7,296,089 shares of the stock traded hands. The firm has a market cap of $3.95 billion, a P/E ratio of 37.81 and a beta of 1.96. The company has a 50-day moving average price of $34.80 and a 200-day moving average price of $33.76. Swift Transportation Co has a 1-year low of $26.72 and a 1-year high of $41.31.

Swift Transportation (NYSE:SWFT) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts predict that Swift Transportation Co will post $1.41 EPS for the current year.

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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.

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

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