Ownership Action Don’t Lie: Swift Transportation Co Inc (NYSE:SWFT) Stock Price Gains While Sentiment Worsens

December 1, 2016 - By Peter Erickson   ·   0 Comments

Ownership Action Don't Lie: Swift Transportation Co Inc (NYSE:SWFT) Stock Price Gains While Sentiment  Worsens

Sentiment for Swift Transportation Co Inc (NYSE:SWFT)

Swift Transportation Co Inc (NYSE:SWFT) institutional sentiment decreased to 0.87 in Q2 2016. Its down -0.02, from 0.89 in 2016Q1. The ratio has dropped, as 96 institutional investors started new and increased positions, while 108 sold and decreased equity positions in Swift Transportation Co Inc. The institutional investors in our partner’s database now own: 98.58 million shares, up from 97.55 million shares in 2016Q1. Also, the number of institutional investors holding Swift Transportation Co Inc in their top 10 positions decreased from 4 to 2 for a decrease of 2. Sold All: 37 Reduced: 71 Increased: 63 New Position: 33.

Swift Transportation Company 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 has a market cap of $3.35 billion. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. It has a 20.26 P/E ratio. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada.

About 967,268 shares traded hands. Swift Transportation Co (NYSE:SWFT) has risen 43.09% since April 28, 2016 and is uptrending. It has outperformed by 37.17% the S&P500.

Analysts await Swift Transportation Co (NYSE:SWFT) to report earnings on January, 23. They expect $0.43 earnings per share, down 18.87% or $0.10 from last year’s $0.53 per share. SWFT’s profit will be $57.48 million for 14.57 P/E if the $0.43 EPS becomes a reality. After $0.34 actual earnings per share reported by Swift Transportation Co for the previous quarter, Wall Street now forecasts 26.47% EPS growth.

According to Zacks Investment Research, “Swift Transportation Co., LLC operates as a multi-faceted transportation services company primarily engaged in providing truckload carrier services in North America. The Company’s transportation services include dry van, dedicated, temperature controlled, cross border, and port drayage operations; rail intermodal; freight brokerage; and third-party logistics operations. The Company conducts its operations through major terminals positioned near major freight centers and traffic lanes in the United States and Mexico. Its fleet includes tractors, trailers and intermodal containers. Swift Transportation Co., LLC is headquartered in Phoenix, Arizona.”

Impala Asset Management Llc holds 4.86% of its portfolio in Swift Transportation Co for 4.37 million shares. 12Th Street Asset Management Company Llc owns 708,025 shares or 4.32% of their US portfolio. Moreover, Dsc Advisors L.P. has 2.51% invested in the company for 258,411 shares. The New York-based Pyrrho Capital Management Lp has invested 2.4% in the stock. Glenhill Advisors Llc, a New York-based fund reported 2.10 million shares.#img1#

Swift Transportation Co (NYSE:SWFT) Ratings Coverage

Ratings analysis reveals 64% of Swift Transportation’s analysts are positive. Out of 11 Wall Street analysts rating Swift Transportation, 7 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $12.50 while the high is $28. The stock’s average target of $20.42 is -18.55% below today’s ($25.07) share price. SWFT was included in 26 notes of analysts from August 13, 2015. Barclays Capital maintained the shares of SWFT in a report on Monday, October 5 with “Overweight” rating. Avondale downgraded the shares of SWFT in a report on Friday, October 30 to “Market Perform” rating. The firm has “Neutral” rating by Bank of America given on Wednesday, December 2. Citigroup maintained it with “Buy” rating and $20 target price in Monday, July 11 report. Deutsche Bank initiated Swift Transportation Co (NYSE:SWFT) on Wednesday, November 2 with “Buy” rating. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, November 22. The rating was downgraded by UBS to “Neutral” on Thursday, October 22. The stock has “Buy” rating given by Bank of America on Monday, February 22. Stifel Nicolaus maintained it with “Buy” rating and $24 target price in Tuesday, October 25 report. As per Friday, December 4, the company rating was downgraded by Longbow.

SWFT Company Profile

Swift Transportation Company (Swift Transportation Co.), incorporated on May 20, 2010, is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. The other segment includes the Company’s logistics and freight brokerage services, as well as support services provided by its subsidiaries to clients and owner-operators, including repair and maintenance shop services, equipment leasing and insurance. The Firm principally operates in short- to medium-haul traffic lanes around its terminals and customer locations.

More notable recent Swift Transportation Co (NYSE:SWFT) news were published by: Azcentral.com which released: “Swift Transportation celebrates 50th anniversary” on September 16, 2016, also Wsj.com with their article: “Swift Transportation Posts Higher Profit, Lower Revenue” published on October 24, 2016, Wsj.com published: “Swift Transportation Reports Stronger Profits on Cost Savings” on January 25, 2016. More interesting news about Swift Transportation Co (NYSE:SWFT) were released by: Wsj.com and their article: “Swift Transportation CEO Restructures Family Debts” published on May 24, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Upgrades: Nutanix Inc, NVIDIA Corporation, and Swift Transportation Co” with publication date: October 25, 2016.

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By Peter Erickson

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