UP!
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Type
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Public company |
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| Traded as | NASDAQ: CVTI |
| Industry | Transportation |
| Founded | Chattanooga, Tennessee (1986) |
| Founder | David Parker |
| Headquarters | Chattanooga, Tennessee |
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Area served
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United States and Canada |
| Website | ctgcompanies.com |
Covenant Transport, Inc. is a truckload carrier headquartered in Chattanooga, Tennessee. The company provides temperature controlled trucking, regional delivery, and longhaul delivery.
It began operations on January 2, 1986, with 25 trucks and 50 trailers. The company now jointly operates over 2,700 trucks and 7,000 trailers with the companies Southern Refrigerated Transport Inc. (Texarkana, Arkansas) and Star Transportation Inc. (Nashville). The three companies have shared terminals in Chattanooga TN, Hutchins, TX, Pomona, CA, Texarkana, AR, Nashville, TN, and Dalton, GA.
On August 12, 2011, Factory & Steel Transportation, Inc. (Fastrans) of Tennessee announced that its van operations would be acquired by Covenant. A letter issued to Fastrans' customers by Mark Paré, Covenant's Senior Vice President of Sales and Marketing, stated that the acquisition would increase the company's access to the Canadian transportation market.
| 2016-06-22 | Lower Price Target | Cowen and Company | Outperform | $34.00 to $30.00 |
| 2016-06-22 | Downgrade | BB&T Corp. | Buy to Hold | |
| 2016-04-29 | Boost Price Target | Cowen and Company | Outperform | $32.00 to $34.00 |
| 2016-03-23 | Initiated Coverage | Stifel Nicolaus | Buy | $29.00 |
| 2016-03-14 | Downgrade | Avondale Partners | Outperform to Market Perform | $20.00 |
| 2016-01-27 | Reiterated Rating | Cowen and Company | Buy | |
| 2015-12-17 | Reiterated Rating | Cowen and Company | Buy | |
| 2015-12-16 | Lower Price Target | Cowen and Company | Outperform | $40.00 to $34.00 |
| 2015-10-19 | Lower Price Target | Stephens | Overweight | $35.00 to $32.00 |
| 2015-07-27 | Upgrade | Wolfe Research | Market Perform | |
| 2015-06-19 | Reiterated Rating | BB&T Corp. | Buy | $38.00 |
| 2015-04-27 | Downgrade | Wolfe Research | Peer Perform to Underperform | |
| 2014-12-11 | Reiterated | Cowen | Outperform | $31 to $35 |
| 2014-12-05 | Initiated | Cowen | Outperform | $31 |
| 2014-12-05 | Initiated Coverage | Cowen and Company | Outperform | $31.00 |
| 2014-11-26 | Boost Price Target | BB&T Corp. | $30.00 | |
| 2014-09-08 | Upgrade | BB&T Capital Mkts | Hold to Buy | $20 |
| 2014-09-08 | Upgrade | BB&T Corp. | Hold to Buy | $20.00 |
| 2014-06-19 | Upgrade | Avondale Partners | Market Perform to Outperform | $12.00 to $4.50 |
| 2014-05-21 | Upgrade | Stephens | Equal Weight to Overweight | |
| 2012-12-18 | Downgrade | BB&T Capital Mkts | Buy to Hold | |
| 2009-04-27 | Downgrade | Avondale | Mkt Outperform to Mkt Perform | $7.39 to $2.25 |
| 2008-12-15 | Upgrade | BB&T Capital Mkts | Underweight to Hold | |
| 2007-09-04 | Upgrade | AG Edwards | Hold to Buy | |
| 2007-07-26 | Downgrade | Wachovia | Outperform to Mkt Perform | |
| 2007-01-04 | Upgrade | Wachovia | Mkt Perform to Outperform |
| 2016-06-22 | Lower Price Target | Cowen and Company | Outperform | $34.00 to $30.00 |
| 2016-06-22 | Downgrade | BB&T Corp. | Buy to Hold | |
| 2016-04-29 | Boost Price Target | Cowen and Company | Outperform | $32.00 to $34.00 |
| 2016-03-23 | Initiated Coverage | Stifel Nicolaus | Buy | $29.00 |
| 2016-03-14 | Downgrade | Avondale Partners | Outperform to Market Perform | $20.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CVTI 102 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Inc. | 1.27M |
| DIMENSIONAL FUND ADVISORS LP | 1.05M |
| Vanguard Group, Inc | 0.57M |
| NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION | 0.51M |
| LSV ASSET MANAGEMENT | 0.47M |
| ACADIAN ASSET MANAGEMENT LLC | 0.40M |
| BlackRock Fund Advisors | 0.40M |
| BlackRock Institutional Trust Company, N.A. | 0.36M |
| STATE STREET CORP | 0.33M |
| Patton Albertson & Miller, LLC | 0.24M |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 0.24M |
| FTB Advisors, Inc. | 0.23M |
| Hillsdale Investment Management Inc. | 0.20M |
| GEODE CAPITAL MANAGEMENT, LLC | 0.18M |
| BRIDGEWAY CAPITAL MANAGEMENT INC | 0.16M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| PARKER DAVID RAY CHAIRMAN, PRESIDENT AND CEO | 22.03% (2777141) | CVTI / |
| CRIBBS RICHARD B SENIOR VP AND CFO | 0.72% (91178) | CVTI / |
| HOGAN JOEY B SR EX VP & COO/PRES OF SUB. | 0.69% (87172) | CVTI / |
| BOSWORTH ROBERT E | 0.58% (72664) | CVTI / |
| Hough Samuel F Exec VP & COO of Subsidiary | 0.47% (59798) | CVTI / |
| BROWER JAMES F JR President of Subsidiary | 0.44% (55799) | CVTI / |
| MOLINE BRADLEY A | 0.40% (50435) | CVTI / |
| Newbourne Paul Exec. VP and COO of Subsidiary | 0.31% (39610) | CVTI / |
| NIELSON NIEL B | 0.31% (39358) | CVTI / |
| SMITH TONY President of Subsidiary | 0.30% (37249) | CVTI / |
| BUNN PAUL Corporate Controller | 0.27% (34564) | CVTI / |
| LOVIN RALPH H JR Executive VP and Secretary | 0.27% (34532) | CVTI / |
| Cartright William Joseph Exec. VP and COO of Subsidiary | 0.20% (25300) | CVTI / |
| Scholl Clay VP of Subsidiary | 0.18% (22618) | CVTI / |
| Vanzant Charles Andy SVP of Operations | 0.17% (20890) | CVTI / |
| ALT WILLIAM THOMAS | 0.12% (14866) | CVTI / |
| Smith Justin A Exec VP and COO of Subsidiary | 0.11% (14310) | CVTI / |
| Schmidt Herbert J | 0.08% (9577) | CVTI / EDE / |
| Welborn Wesley Miller | 0.06% (7955) | CVTI / |
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