Swift Transportation Co Could Rise a Lot According to The Today’s Call Option Activity

 Swift Transportation Co Could Rise a Lot According to The Today's Call Option Activity

In today’s session Swift Transportation Co (SWFT) registered an unusually high (140) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SWFT increase. With 140 contracts traded and 374 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SWFT170120C00027000 closed last at: $0.8 or 6.7% up. About 212,075 shares traded hands. Swift Transportation Co (NYSE:SWFT) has risen 35.82% since April 26, 2016 and is uptrending. It has outperformed by 30.56% the S&P500.

Analysts await Swift Transportation Co (NYSE:SWFT) to report earnings on January, 23. They expect $0.43 EPS, down 18.87% or $0.10 from last year’s $0.53 per share. SWFT’s profit will be $55.83 million for 14.55 P/E if the $0.43 EPS becomes a reality. After $0.34 actual EPS reported by Swift Transportation Co for the previous quarter, Wall Street now forecasts 26.47% EPS growth.

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. Swift Transportation has been the topic of 26 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Swift Transportation Co (NYSE:SWFT) earned “Market Perform” rating by Avondale on Friday, October 30. On Thursday, October 22 the stock rating was downgraded by UBS to “Neutral”. On Tuesday, October 25 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was upgraded on Monday, October 5 by Evercore. The firm has “Buy” rating given on Monday, February 22 by Bank of America. The stock of Swift Transportation Co (NYSE:SWFT) earned “Buy” rating by Citigroup on Monday, July 11. As per Wednesday, December 2, the company rating was downgraded by Bank of America. The firm has “Buy” rating given on Friday, July 22 by Stifel Nicolaus. Longbow downgraded Swift Transportation Co (NYSE:SWFT) on Friday, December 4 to “Neutral” rating. S&P Research maintained Swift Transportation Co (NYSE:SWFT) rating on Monday, September 28. S&P Research has “Strong Buy” rating and $25 price target.

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 decreased to 0.87 in 2016 Q2. 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.
California State Teachers Retirement Sys has 0.01% invested in the company for 156,676 shares. Boston Advsrs Ltd Llc has 0.11% invested in the company for 273,895 shares. Secor Lp has invested 0.12% of its portfolio in Swift Transportation Co (NYSE:SWFT). Allianz Asset Mgmt Ag owns 631,397 shares or 0.01% of their US portfolio. Bnp Paribas Arbitrage Sa has 3,849 shares for 0% of their US portfolio. Barclays Public Ltd Com holds 0% of its portfolio in Swift Transportation Co (NYSE:SWFT) for 69,541 shares. Ngam Advsr Lp holds 434,257 shares or 0.09% of its portfolio. Systematic Mgmt Ltd Partnership holds 118,030 shares or 0.02% of its portfolio. Blackrock has 0% invested in the company for 10,739 shares. Invesco Ltd holds 0.04% or 6.82 million shares in its portfolio. Wealthtrust accumulated 500 shares or 0% of the stock. Pyrrho Cap L P accumulated 50,000 shares or 2.4% of the stock. Bronson Point owns 300,000 shares or 1.55% of their US portfolio. Hsbc Plc accumulated 29,496 shares or 0% of the stock. Moreover, Hbk Investments Limited Partnership has 0.01% invested in Swift Transportation Co (NYSE:SWFT) for 65,575 shares.

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 $3.25 billion. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. It has a 20.23 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 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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