Is Swift Transportation Co’s Latest Move For Real? The Stock Was Sold By Option Traders Today

 Is Swift Transportation Co's Latest Move For Real? The Stock Was Sold By Option Traders Today

In today’s session Swift Transportation Co (SWFT) recorded an unusually high (3,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SWFT decrease. With 3,000 contracts traded and 39724 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SWFT161118P00020000 closed last at: $0.2 or 0% . About 316,756 shares traded hands. Swift Transportation Co (NYSE:SWFT) has risen 23.64% since April 1, 2016 and is uptrending. It has outperformed by 22.42% the S&P500.

Swift Transportation Co (NYSE:SWFT) Ratings Coverage

Out of 11 analysts covering Swift Transportation (NYSE:SWFT), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. $28 is the highest target while $12.50 is the lowest. The $20.35 average target is -9.23% below today’s ($22.42) stock price. Swift Transportation has been the topic of 25 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, January 7. Avondale downgraded the stock to “Market Underperform” rating in Thursday, June 23 report. The company was upgraded on Monday, October 5 by Evercore. The stock of Swift Transportation Co (NYSE:SWFT) earned “Outperform” rating by Cowen & Co on Monday, September 28. UBS upgraded the stock to “Buy” rating in Tuesday, October 25 report. The company was initiated on Wednesday, November 2 by Deutsche Bank. The stock of Swift Transportation Co (NYSE:SWFT) earned “Buy” rating by Citigroup on Monday, July 11. The firm has “Buy” rating by Bank of America given on Monday, February 22. Longbow downgraded Swift Transportation Co (NYSE:SWFT) on Friday, December 4 to “Neutral” rating. The firm earned “Market Perform” rating on Friday, October 30 by Avondale.

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.”

Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.04, from 0.85 in 2016Q1. The ratio is positive, 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.
The California-based Falcon Point Cap Limited Liability Corporation has invested 1.39% in Swift Transportation Co (NYSE:SWFT). Wasatch Advisors last reported 0.11% of its portfolio in the stock. California State Teachers Retirement System accumulated 0.01% or 156,676 shares. Clinton Gru has 0.07% invested in the company for 99,309 shares. Blackrock Group Ltd last reported 0% of its portfolio in the stock. Mackenzie Fin Corporation, a Ontario – Canada-based fund reported 169,747 shares. Polaris Capital Limited Com last reported 106,414 shares in the company. Barclays Public Ltd Com accumulated 0% or 69,541 shares. Janney Montgomery Scott Lc has 27,458 shares for 0.01% of their US portfolio. Pnc Fincl Gru Incorporated has invested 0% of its portfolio in Swift Transportation Co (NYSE:SWFT). Moreover, Blackrock Ltd Liability has 0.01% invested in Swift Transportation Co (NYSE:SWFT) for 279,718 shares. Hood River Capital Mngmt Limited Liability Com has 1.01% invested in the company for 487,942 shares. Blackrock Japan Communications Ltd holds 0% of its portfolio in Swift Transportation Co (NYSE:SWFT) for 1,991 shares. Manufacturers Life Ins The last reported 52,297 shares in the company. First Advsrs Limited Partnership reported 67,743 shares or 0% of all its holdings.

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 $3.00 billion. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. It has a 18.12 P/E ratio. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada.

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 important recent Swift Transportation Co (NYSE:SWFT) news were published by: Wsj.com which released: “Swift Transportation Posts Higher Profit, Lower Revenue” on October 24, 2016, also Wsj.com published article titled: “Swift Transportation CEO Jerry Moyes to Retire at Year’s End”, Azcentral.com published: “Swift Transportation celebrates 50th anniversary” on September 16, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment