The New Moyes Jerry Holding in Swift Transportation Co
Moyes Jerry filed with the SEC SC 13D/A form for Swift Transportation Co. The form can be accessed here: 000100888616000399. As reported in Moyes Jerry’s form, the filler as of late owns 44.1% or 58,398,697 shares of the Transports–company.
Swift Transportation Co stake is a new one for the and it was filed because of activity on November 18, 2016. We feel this shows Moyes Jerry’s positive view for the stock.
Swift Transportation Co Institutional Sentiment
Latest Security and Exchange filings show 211 investors own Swift Transportation Co. The institutional ownership in Q3 2015 is very high, at 112.07% of the outstanding shares. This is increased by 4127921 the total institutional shares. 92602311 were the shares owned by these institutional investors. In total 37 funds opened new Swift Transportation Co stakes, 100 increased stakes. There were 39 that closed positions and 55 reduced them.
2 managers had the stock in their top Ten. Notable investors are: Impala Asset Management Llc, 12Th Street Asset Management Company Llc..
Glacier Peak Capital Llc is an institutional investor bullish on Swift Transportation Co, owning 341809 shares as of Q3 2015 for 13.20% of its portfolio. Ramsey Asset Management owns 185750 shares or 4.92% of its portfolio. TX Hodges Capital Management Inc have 1.01% of their stock portfolio for 1637620 shares. Further, Palouse Capital Management Inc reported stake worth 0.61% of its US stock portfolio. The MD Croft-Leominster Inc owns 23000 shares. Swift Transportation Co is 0.08% of the manager’s US portfolio.
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. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada. The Company, through the Dedicated segment, devotes use of equipment to specific customers and offers personalized solutions under long-term contracts. The Company’s Swift Refrigerated segment primarily consists of shipments for customers that require temperature-controlled trailers. The Intermodal segment includes moving freight operations, including moving the freight over the rail in its containers and other trailing equipment, and drayage of transport loads between the railheads and customer locations.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.02, from 0.89 in 2016Q1. The ratio worsened, as 37 funds sold all Swift Transportation Co shares owned while 71 reduced positions. 33 funds bought stakes while 63 increased positions. They now own 98.58 million shares or 1.06% more from 97.55 million shares in 2016Q1.
First Quadrant L P Ca last reported 113,200 shares in the company. Macquarie Gru Limited owns 609,065 shares or 0.02% of their US portfolio. Oxford Asset Mngmt reported 266,797 shares or 0.17% of all its holdings. Engineers Gate Manager L P reported 29,235 shares or 0.03% of all its holdings. State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in Swift Transportation Co (NYSE:SWFT). Foundry Prtnrs Ltd Limited Liability Company last reported 0.03% of its portfolio in the stock. M&T Commercial Bank has 0% invested in the company for 10,613 shares. Wealthtrust owns 500 shares or 0% of their US portfolio. Moreover, Ubs Asset Americas has 0% invested in Swift Transportation Co (NYSE:SWFT) for 75,486 shares. Price T Rowe Associate Inc Md reported 24,533 shares or 0% of all its holdings. Blackrock Japan Co Limited, a Japan-based fund reported 1,991 shares. The Alabama-based Weiss Multi has invested 0.72% in Swift Transportation Co (NYSE:SWFT). Wellington Management Gru Ltd Liability Partnership reported 11.22M shares or 0.04% of all its holdings. Glenmede Na accumulated 1.72M shares or 0.16% of the stock. Principal Group Incorporated has 0% invested in the company for 15,422 shares.
About 1.87M shares traded hands. Swift Transportation Co (NYSE:SWFT) has risen 36.14% since April 20, 2016 and is uptrending. It has outperformed by 31.58% the S&P500.
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 $3.30 billion. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. It has a 20.06 P/E ratio. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada.
Swift Transportation Co (NYSE:SWFT) Ratings Coverage
Out of 11 analysts covering Swift Transportation (NYSE:SWFT), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. $28 is the highest target while $12.50 is the lowest. The $20.42 average target is -17.73% below today’s ($24.82) stock price. Swift Transportation has been the topic of 26 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, October 25. Citigroup maintained the shares of SWFT in a report on Monday, July 11 with “Buy” rating. Morgan Stanley upgraded the shares of SWFT in a report on Tuesday, February 23 to “Overweight” rating. The stock has “Buy” rating given by UBS on Tuesday, October 25. The stock of Swift Transportation Co (NYSE:SWFT) has “Buy” rating given on Wednesday, November 2 by Deutsche Bank. The firm earned “Market Perform” rating on Friday, October 30 by Avondale. As per Thursday, June 23, the company rating was downgraded by Avondale. As per Monday, October 5, the company rating was upgraded by Evercore. The firm has “Neutral” rating by UBS given on Thursday, October 22. Cowen & Co maintained the shares of SWFT in a report on Monday, September 28 with “Outperform” rating.
More important 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 published article titled: “Swift Transportation Posts Higher Profit, Lower Revenue”, Wsj.com published: “Swift Transportation Reports Stronger Profits on Cost Savings” on January 25, 2016. More interesting news about Swift Transportation Co (NYSE:SWFT) was released by: Wsj.com and their article: “Swift Transportation CEO Restructures Family Debts” with publication date: May 24, 2016.
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.”
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.
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