Foundry Partners LLC boosted its stake in Swift Transportation Company (NYSE:SWFT) by 26.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,595 shares of the transportation company’s stock after buying an additional 6,025 shares during the period. Foundry Partners LLC’s holdings in Swift Transportation were worth $758,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of Swift Transportation by 6.5% in the first quarter. First Trust Advisors LP now owns 62,940 shares of the transportation company’s stock valued at $1,293,000 after buying an additional 3,831 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Swift Transportation by 17.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 68,513 shares of the transportation company’s stock valued at $1,407,000 after buying an additional 10,312 shares in the last quarter. Chicago Equity Partners LLC raised its stake 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 in the last quarter. LSV Asset Management raised its stake in shares of Swift Transportation by 79.8% in the first quarter. LSV Asset Management now owns 192,900 shares of the transportation company’s stock valued at $3,962,000 after buying an additional 85,600 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its stake in shares of Swift Transportation by 2.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 153,000 shares of the transportation company’s stock valued at $3,143,000 after buying an additional 3,000 shares in the last quarter. 78.75% of the stock is currently owned by institutional investors.

Swift Transportation Company (NYSE SWFT) opened at 26.55 on Friday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 34.04 and a beta of 1.96. Swift Transportation Company has a 1-year low of $18.40 and a 1-year high of $27.67. The firm has a 50-day moving average price of $26.06 and a 200-day moving average price of $23.77.

Swift Transportation (NYSE:SWFT) last issued its 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 the consensus estimate of $1.02 billion. Swift Transportation had a return on equity of 22.23% and a net margin of 2.99%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, analysts expect that Swift Transportation Company will post $0.98 earnings per share for the current fiscal year.

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Several analysts recently commented on the company. UBS AG reaffirmed 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. BidaskClub raised Swift Transportation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Swift Transportation from a “buy” rating to a “hold” rating in a research note 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 note on Monday, May 1st. Finally, ValuEngine raised Swift Transportation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.18.

In other Swift Transportation news, CFO Virginia Henkels sold 44,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $24.03, for a total value of $1,057,320.00. Following the sale, the chief financial officer now owns 29,247 shares of the company’s stock, valued at approximately $702,805.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard Stocking sold 126,722 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $27.30, for a total value of $3,459,510.60. Following the completion of the sale, the insider now directly owns 133,902 shares in the company, valued at approximately $3,655,524.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 377,053 shares of company stock worth $9,597,059. Company insiders own 44.90% of the company’s stock.

About Swift Transportation

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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