Hussman Strategic Advisors Inc. maintained its position in shares of Swift Transportation Company (NYSE:SWFT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,000 shares of the transportation company’s stock at the end of the second quarter. Hussman Strategic Advisors Inc.’s holdings in Swift Transportation were worth $4,054,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Swift Transportation by 0.7% in the first quarter. Prudential Financial Inc. now owns 11,546 shares of the transportation company’s stock valued at $237,000 after buying an additional 80 shares during the period. Principal Financial Group Inc. raised its position in shares of Swift Transportation by 1.2% in the first quarter. Principal Financial Group Inc. now owns 16,484 shares of the transportation company’s stock valued at $339,000 after buying an additional 195 shares during the period. Sawtooth Solutions LLC raised its position in shares of Swift Transportation by 1.6% in the first quarter. Sawtooth Solutions LLC now owns 15,649 shares of the transportation company’s stock valued at $321,000 after buying an additional 240 shares during the period. Chicago Equity Partners LLC raised its position in shares of Swift Transportation by 1.2% in the first quarter. Chicago Equity Partners LLC now owns 41,670 shares of the transportation company’s stock valued at $856,000 after buying an additional 510 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Swift Transportation by 4.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,116 shares of the transportation company’s stock valued at $290,000 after buying an additional 640 shares during the period. 75.22% of the stock is owned by hedge funds and other institutional investors.

Swift Transportation Company (NYSE:SWFT) opened at 26.04 on Monday. The stock has a 50 day moving average of $25.89 and a 200 day moving average of $23.52. The stock has a market capitalization of $3.49 billion, a P/E ratio of 33.38 and a beta of 1.96. Swift Transportation Company has a 52 week low of $18.05 and a 52 week high of $27.23.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts predict that Swift Transportation Company will post $0.98 earnings per share for the current fiscal year.

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Several equities analysts recently commented on the stock. Vetr raised shares of Swift Transportation from a “hold” rating to a “buy” rating and set a $25.73 price target for the company in a research report on Tuesday, April 11th. BidaskClub raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered shares of Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank AG reissued a “buy” rating on shares of Swift Transportation in a research report on Friday, April 14th. Finally, TheStreet lowered shares of Swift Transportation from a “b-” rating to a “c” rating in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Swift Transportation presently has a consensus rating of “Buy” and a consensus price target of $28.18.

In other news, insider Cary M. Flanagan sold 2,454 shares of Swift Transportation stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $23.93, for a total value of $58,724.22. Following the transaction, the insider now owns 6,743 shares of the company’s stock, valued at $161,359.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Virginia Henkels sold 20,325 shares of Swift Transportation 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 completion of the transaction, the chief financial officer now directly owns 53,772 shares in the company, valued at approximately $1,285,150.80. The disclosure for this sale can be found here. In the last three months, insiders sold 221,280 shares of company stock worth $5,341,261. Insiders own 44.90% of the company’s stock.

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

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