Knight Transportation
About: Knight-Swift is the largest full-truckload carrier in the us, with a diversified transportation offering. Pro forma for the U.S. 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 less than truckload 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 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 Q3 regulatory filings by fund managers ($100M+ AUM)
65% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 43
42% more call options, than puts
Call options by funds: $39.7M | Put options by funds: $27.9M
5% more funds holding
Funds holding: 430 [Q2] → 453 (+23) [Q3]
4% more capital invested
Capital invested by funds: $7.88B [Q2] → $8.19B (+$306M) [Q3]
3.88% less ownership
Funds ownership: 97.76% [Q2] → 93.88% (-3.88%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 173
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Raymond James David Hicks 0% 1-year accuracy 0 / 2 met price target | 21%upside $66 | Strong Buy Maintained | 23 Jan 2025 |
B of A Securities Ken Hoexter 44% 1-year accuracy 24 / 55 met price target | 16%upside $63 | Buy Maintained | 16 Jan 2025 |
Raymond James Patrick Tyler Brown 63% 1-year accuracy 25 / 40 met price target | 14%upside $62 | Strong Buy Maintained | 10 Jan 2025 |
Susquehanna Bascome Majors 68% 1-year accuracy 28 / 41 met price target | 23%upside $67 | Positive Upgraded | 3 Jan 2025 |
Goldman Sachs Jordan Alliger 50% 1-year accuracy 7 / 14 met price target | 6%downside $51 | Neutral Maintained | 12 Dec 2024 |
Financial journalist opinion
Based on 12 articles about KNX published over the past 30 days









