Knight TransportationKNX
Market Cap: $8.11B
About: Knight-Swift is the largest truckload, or TL, carrier in the us, with a diversified transportation offering. Pro forma for the us Xpress deal, about 82% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and LTL at 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers including equipment maintenance and leasing.
Employees: 34,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
281% more call options, than puts
Call options by funds: $123M | Put options by funds: $32.2M
20% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]
4.1% more ownership
Funds ownership: 89.54% [Q1] → 93.64% (+4.1%) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 166
5% less capital invested
Capital invested by funds: $7.95B [Q1] → $7.55B (-$396M) [Q2]
9% less funds holding
Funds holding: 472 [Q1] → 429 (-43) [Q2]
48% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 89
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Brandon Oglenski 56% 1-year accuracy 23 / 41 met price target | 24%upside $62 | Overweight Maintained | 20 Aug 2024 |
TD Cowen Jason Seidl 53% 1-year accuracy 9 / 17 met price target | 14%upside $57 | Buy Maintained | 25 Jul 2024 |
Raymond James Patrick Tyler Brown 70% 1-year accuracy 32 / 46 met price target | 14%upside $57 | Strong Buy Maintained | 25 Jul 2024 |
JP Morgan Brian Ossenbeck 50% 1-year accuracy 23 / 46 met price target | 14%upside $57 | Neutral Maintained | 25 Jul 2024 |
B of A Securities Ken Hoexter 51% 1-year accuracy 21 / 41 met price target | 10%upside $55 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 7 articles about KNX published over the past 30 days