Northpointe Capital LLC lowered its position in shares of Swift Transportation Company (NYSE:SWFT) by 56.9% during the second quarter, Holdings Channel reports. The institutional investor owned 205,736 shares of the transportation company’s stock after selling 271,803 shares during the period. Northpointe Capital LLC’s holdings in Swift Transportation were worth $5,452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp purchased a new position in Swift Transportation during the second quarter worth $4,232,000. Rice Hall James & Associates LLC raised its position in Swift Transportation by 56.6% in the second quarter. Rice Hall James & Associates LLC now owns 757,290 shares of the transportation company’s stock worth $20,068,000 after buying an additional 273,580 shares during the last quarter. Foundry Partners LLC raised its position in Swift Transportation by 26.7% in the second quarter. Foundry Partners LLC now owns 28,595 shares of the transportation company’s stock worth $758,000 after buying an additional 6,025 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Swift Transportation by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 502,860 shares of the transportation company’s stock worth $13,326,000 after buying an additional 10,881 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Swift Transportation by 19.1% in the second quarter. Canada Pension Plan Investment Board now owns 410,401 shares of the transportation company’s stock worth $10,876,000 after buying an additional 65,800 shares during the last quarter. Hedge funds and other institutional investors own 78.75% of the company’s stock.

Swift Transportation Company (NYSE SWFT) opened at 27.29 on Wednesday. The stock has a 50 day moving average of $26.05 and a 200 day moving average of $23.73. The stock has a market cap of $3.65 billion, a P/E ratio of 34.99 and a beta of 1.96. Swift Transportation Company has a 1-year low of $18.27 and a 1-year high of $27.67.

Swift Transportation (NYSE:SWFT) last released its earnings results on Monday, July 24th. The transportation company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. The company had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Swift Transportation Company will post $0.98 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/northpointe-capital-llc-has-5-45-million-position-in-swift-transportation-company-swft/1495119.html.

SWFT has been the topic of a number of recent analyst reports. Robert W. Baird reissued an “outperform” rating on shares of Swift Transportation in a research report on Wednesday, April 19th. Vetr lowered shares of Swift Transportation from a “strong-buy” rating to a “buy” rating and set a $27.80 price target on the stock. in a research report on Monday, April 24th. TheStreet lowered shares of Swift Transportation from a “b-” rating to a “c” rating in a research report on Monday, April 24th. ValuEngine raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stephens raised shares of Swift Transportation from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $26.00 to $30.00 in a research report on Monday, June 12th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.18.

In other Swift Transportation news, insider Richard Stocking sold 80,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $24.25, for a total transaction of $1,940,000.00. Following the completion of the sale, the insider now directly owns 93,902 shares of the company’s stock, valued at approximately $2,277,123.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Virginia Henkels sold 20,325 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $23.90, for a total transaction of $485,767.50. Following the sale, the chief financial officer now directly owns 53,772 shares of the company’s stock, valued at $1,285,150.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,280 shares of company stock worth $5,341,261. 44.90% of the stock is owned by company 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.

Want to see what other hedge funds are holding SWFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Swift Transportation Company (NYSE:SWFT).

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

Receive News & Ratings for Swift Transportation Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swift Transportation Company and related companies with Analyst Ratings Network's FREE daily email newsletter.