In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Swift Transportation Co (NYSE:SWFT) reported that Moyes Jerry has picked up 59,389,014 of common stock as of 2017-04-11.
The acquisition brings the aggregate amount owned by Moyes Jerry to a total of 59,389,014 representing a 44.6% stake in the company.
For those not familiar with the company, 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. The Company’s other segments include its logistics and freight brokerage services, as well as support services that its subsidiaries provide to customers and owner-operators, including repair and maintenance shop services, equipment leasing, and insurance. As of December 31, 2016, the Company’s fleet consisted of 13,937 company tractors and 4,429 owner-operator tractors, as well as 64,066 trailers, and 9,131 intermodal containers. Its suite of service offerings include line-haul services, dedicated customer contracts, temperature-controlled units, intermodal freight solutions, flatbed hauling, freight brokerage and logistics.
A glance at Swift Transportation Co (NYSE:SWFT)’s key stats reveals a current market capitalization of 3.92 Billion based on 20.59 Million shares outstanding and a price at last close of $83.30 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-07-29, Riley picked up 4,000 at a purchase price of $21.41. This brings their total holding to 8,000 as of the date of the filing.
On the sell side, the most recent transaction saw Guin unload 40,000 shares at a sale price of $25.05. This brings their total holding to 3,601.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Swift Transportation Co (NYSE:SWFT) as things move forward to see if its progress aligns with these transactions.
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