Coyle Financial Counsel LLC Boosts Position in Swift Transportation Co. (SWFT)
Coyle Financial Counsel LLC boosted its stake in Swift Transportation Co. (NYSE:SWFT) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 63,656 shares of the company’s stock after buying an additional 1,306 shares during the period. Swift Transportation accounts for 1.4% of Coyle Financial Counsel LLC’s holdings, making the stock its 23rd largest position. Coyle Financial Counsel LLC’s holdings in Swift Transportation were worth $981,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of SWFT. Norges Bank bought a new stake in shares of Swift Transportation during the fourth quarter worth $14,056,000. Fox Run Management L.L.C. bought a new stake in shares of Swift Transportation during the first quarter worth $360,000. Quantitative Systematic Strategies LLC raised its stake in shares of Swift Transportation by 27.1% in the first quarter. Quantitative Systematic Strategies LLC now owns 41,043 shares of the company’s stock worth $755,000 after buying an additional 8,746 shares in the last quarter. Aperio Group LLC raised its stake in shares of Swift Transportation by 21.1% in the first quarter. Aperio Group LLC now owns 17,444 shares of the company’s stock worth $325,000 after buying an additional 3,044 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Swift Transportation by 2,702.7% in the first quarter. IFP Advisors Inc now owns 19,002 shares of the company’s stock worth $354,000 after buying an additional 18,324 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.
Shares of Swift Transportation Co. (NYSE:SWFT) traded down 0.28% during trading on Monday, reaching $21.40. 2,331,892 shares of the company were exchanged. Swift Transportation Co. has a one year low of $11.74 and a one year high of $22.15. The stock has a 50-day moving average price of $19.39 and a 200-day moving average price of $17.48. The stock has a market capitalization of $2.86 billion, a PE ratio of 16.27 and a beta of 2.38.
Swift Transportation (NYSE:SWFT) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Swift Transportation had a net margin of 4.44% and a return on equity of 32.87%. During the same quarter last year, the firm posted $0.37 earnings per share. Analysts forecast that Swift Transportation Co. will post $1.35 EPS for the current year.
A number of brokerages have weighed in on SWFT. TheStreet lowered shares of Swift Transportation to a “hold” rating in a research report on Thursday, May 26th. Citigroup Inc. cut their target price on shares of Swift Transportation from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, July 11th. Zacks Investment Research lowered shares of Swift Transportation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Stifel Nicolaus raised their target price on shares of Swift Transportation from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Finally, Robert W. Baird raised their target price on shares of Swift Transportation from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.03.
In related news, EVP Timothy W. Guin sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $19.00, for a total value of $285,000.00. Following the transaction, the executive vice president now owns 18,601 shares of the company’s stock, valued at $353,419. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard H. Dozer sold 2,282 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $18.63, for a total transaction of $42,513.66. Following the completion of the transaction, the director now directly owns 17,405 shares in the company, valued at approximately $324,255.15. The disclosure for this sale can be found here. 44.90% of the stock is currently owned by corporate insiders.
About Swift Transportation
Swift Transportation Company (Swift Transportation Co) is a multi-faceted transportation services company, which operates the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, Dedicated, Swift Refrigerated and Intermodal.
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