437,500 Shares in Swift Transportation Company (SWFT) Acquired by OMERS ADMINISTRATION Corp
OMERS ADMINISTRATION Corp purchased a new position in shares of Swift Transportation Company (NYSE:SWFT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 437,500 shares of the transportation company’s stock, valued at approximately $11,594,000. OMERS ADMINISTRATION Corp owned about 0.33% of Swift Transportation as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TrimTabs Asset Management LLC boosted its position in shares of Swift Transportation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 5,013 shares of the transportation company’s stock worth $103,000 after buying an additional 2,360 shares in the last quarter. James Investment Research Inc. boosted its position in shares of Swift Transportation by 51.5% in the first quarter. James Investment Research Inc. now owns 5,150 shares of the transportation company’s stock worth $106,000 after buying an additional 1,750 shares in the last quarter. Exane Derivatives purchased a new position in shares of Swift Transportation during the first quarter worth approximately $124,000. Ameritas Investment Partners Inc. purchased a new position in shares of Swift Transportation during the first quarter worth approximately $133,000. Finally, FNY Partners Fund LP boosted its position in shares of Swift Transportation by 20,933.3% in the first quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock worth $154,000 after buying an additional 7,536 shares in the last quarter. 74.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Swift Transportation Company (NYSE SWFT) traded up 1.842% during trading on Monday, reaching $27.365. The company’s stock had a trading volume of 263,985 shares. Swift Transportation Company has a 12-month low of $18.40 and a 12-month high of $27.67. The company has a 50 day moving average of $26.08 and a 200 day moving average of $23.93. The company has a market cap of $3.66 billion, a PE ratio of 35.083 and a beta of 1.96.
Swift Transportation (NYSE:SWFT) last issued its quarterly earnings results on Monday, July 24th. The transportation company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The firm had revenue of $1,000 million for the quarter, compared to analyst estimates of $1.02 billion. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. Swift Transportation’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. On average, analysts anticipate that Swift Transportation Company will post $0.98 EPS for the current fiscal year.
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A number of brokerages have recently commented on SWFT. UBS AG reaffirmed a “buy” rating and set a $31.00 price target (up previously from $29.00) on shares of Swift Transportation in a research report on Tuesday, July 25th. BidaskClub raised Swift Transportation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Vetr raised Swift Transportation from a “buy” rating to a “strong-buy” rating and set a $27.80 price target on the stock in a research report on Monday, May 1st. Finally, ValuEngine raised Swift Transportation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.99.
In other Swift Transportation news, CFO Virginia Henkels sold 20,325 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $23.90, for a total value of $485,767.50. Following the transaction, the chief financial officer now directly owns 53,772 shares of the company’s stock, valued at approximately $1,285,150.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Stocking sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $24.25, for a total transaction of $1,940,000.00. Following the completion of the transaction, the insider now directly owns 93,902 shares in the company, valued at $2,277,123.50. The disclosure for this sale can be found here. Insiders sold a total of 314,098 shares of company stock worth $8,082,846 over the last ninety days. 44.90% of the stock is currently owned by corporate insiders.
Swift Transportation Company Profile
Swift Transportation Company is a multi-faceted transportation services company. As of December 31, 2016, the Company operated fleets of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company’ segments include Truckload, Dedicated, Swift Refrigerated and Intermodal.
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