2,413 Shares in SkyWest, Inc. (NASDAQ:SKYW) Bought by Savant Capital LLC

Savant Capital LLC bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,413 shares of the transportation company’s stock, valued at approximately $242,000.

Other large investors have also bought and sold shares of the company. Pitcairn Co. bought a new position in SkyWest during the 3rd quarter worth $535,000. Summit Global Investments bought a new position in SkyWest during the 3rd quarter worth $539,000. JPMorgan Chase & Co. raised its position in SkyWest by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock worth $30,396,000 after purchasing an additional 11,169 shares during the last quarter. Barclays PLC raised its position in SkyWest by 563.8% during the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after purchasing an additional 129,901 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in SkyWest by 104.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock worth $1,917,000 after purchasing an additional 11,494 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

Insider Buying and Selling at SkyWest

In other news, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares in the company, valued at $19,882,359.19. The trade was a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

SKYW has been the subject of several research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th. Raymond James reissued an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. Finally, TD Cowen lifted their price objective on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

SkyWest Stock Performance

Shares of SKYW opened at $104.23 on Wednesday. The company has a market cap of $4.20 billion, a PE ratio of 13.41 and a beta of 1.98. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.76. SkyWest, Inc. has a one year low of $58.58 and a one year high of $135.57. The stock has a 50-day moving average of $109.13 and a 200-day moving average of $96.87.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, equities research analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

About SkyWest

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.