Company profile

Ticker
KNX
Exchange
CEO
David A. Jackson
Employees
Location
Fiscal year end
Industry (SIC)
Former names
SWIFT HOLDINGS CORP., SWIFT TRANSPORTATION Co, SWIFT TRANSPORTATION CO
SEC CIK
IRS number
205589597

KNX stock data

(
)

Calendar

5 Aug 20
21 Oct 20
31 Dec 20

News

Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
21 Sep 20 Moyes Jerry C Common Stock Other Dispose J No 0 10,751,311 0 0
21 Sep 20 Moyes Jerry C Common Stock Other Dispose J No 0 18,715,692 0 0
21 Sep 20 Moyes Jerry C Common Stock Sell Dispose S No 41.57 3,300 137.18K 0
21 Sep 20 Moyes Jerry C Common Stock Sell Dispose S No 40.9274 1,059,585 43.37M 3,300
21 Sep 20 Moyes Jerry C Forward Sale Contract (obligation to sell) Common Stock Other Dispose J No 0 1 0 0
21 Sep 20 Moyes Jerry C Forward Sale Contract (obligation to sell) Common Stock Other Dispose J No 0 1 0 0
21 Sep 20 Moyes Jerry C Forward Sale Contract (obligation to sell) Common Stock Other Dispose J No 0 1 0 0
21 Sep 20 Moyes Jerry C Forward Sale Contract (obligation to sell) Common Stock Other Dispose J No 0 1 0 0
21 Sep 20 Moyes Jerry C Forward Sale Contract (obligation to sell) Common Stock Other Dispose J No 0 1 0 0
9 Sep 20 Michael Garnreiter Common Stock Sell Dispose S No 47.25 5,000 236.25K 9,318
84.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 381 333 +14.4%
Opened positions 78 51 +52.9%
Closed positions 30 63 -52.4%
Increased positions 132 95 +38.9%
Reduced positions 129 133 -3.0%
13F shares
Current Prev Q Change
Total value 27.78B 39.98B -30.5%
Total shares 143.45M 145.69M -1.5%
Total puts 1.22M 1.35M -9.5%
Total calls 1.51M 3.04M -50.1%
Total put/call ratio 0.8 0.4 +81.3%
Largest owners
Shares Value Change
FMR 16.02M $668.28M -28.2%
BLK BlackRock 11.94M $498.19M +0.1%
Vanguard 11.59M $483.46M +2.8%
Wellington Management 7.1M $296.19M +8.4%
Alliancebernstein 6.41M $267.28M +5.7%
Ensign Peak Advisors 5.18M $216.15M -9.5%
STT State Street 4.4M $183.6M +1.5%
Dimensional Fund Advisors 4.21M $175.67M +7.4%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 4.18M $174.34M +110.0%
N Price T Rowe Associates 3.69M $153.72M -1.3%
Largest transactions
Shares Bought/sold Change
FMR 16.02M -6.3M -28.2%
Citadel Advisors 1.4M -2.28M -62.0%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 4.18M +2.19M +110.0%
Artemis Investment Management 850.9K +850.9K NEW
Columbus Circle Investors 697.29K +697.29K NEW
JPM JPMorgan Chase & Co. 2.57M -675.82K -20.8%
Two Sigma Investments 780.93K +586.35K +301.3%
Massachusetts Financial Services 2.09M -574.25K -21.6%
Wellington Management 7.1M +553.11K +8.4%
D. E. Shaw & Co. 596.85K +547.7K +1114.3%

Financial report summary

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Risks
  • Our business is subject to general economic, credit, business, and regulatory factors affecting the truckload industry that are largely beyond our control, any of which could have a materially adverse effect on our results of operations.
  • We operate in a highly competitive and fragmented industry, and numerous competitive factors could limit growth opportunities and could have a materially adverse effect on our results of operations.
  • Increased prices for new revenue equipment, design changes of new engines, decreased availability of new revenue equipment, future use of autonomous trucks, and the failure of manufacturers to meet their sale or trade-back obligations to us could have a materially adverse effect on our business, financial condition, results of operations, and profitability.
  • Declines in demand for our used revenue equipment could result in decreased equipment sales, resale values, and gains on sales of assets.
  • If fuel prices increase significantly, our results of operations could be adversely affected.
  • We are subject to certain risks arising from doing business in Mexico.
  • We may not make acquisitions in the future, or if we do, we may not be successful in our acquisition strategy.
  • We may fail to realize all of the anticipated benefits of the 2017 Merger or those benefits may take longer to realize than expected. We may also encounter significant difficulties in integrating Knight's and Swift's businesses.
  • We may not grow substantially in the future and we may not be successful in sustaining or improving our profitability.
  • We derive a significant portion of our revenues from our major customers, the loss of one or more of which could have a materially adverse effect on our business.
  • Difficulty in obtaining goods and services from our vendors and suppliers could adversely affect our business.
  • We depend on third-party capacity providers, and service instability from these transportation providers could increase our operating costs, reduce our ability to offer intermodal and brokerage services, and limit growth in our logistics operations, which could adversely affect our revenue, results of operations, and customer relationships.
  • If we are unable to recruit, develop, and retain our key employees, our business, financial condition, and results of operations could be adversely affected.
  • Increases in driving associate compensation or difficulties attracting and retaining qualified driving associates could have a materially adverse effect on our profitability and the ability to maintain or grow our fleet.
  • Our contractual agreements with independent contractors expose us to risks that we do not face with our company driving associates.
  • Seasonality and the impact of weather and other catastrophic events affect our operations and profitability.
  • Insurance and claims expenses could significantly reduce our earnings.
  • Insuring risk through our captive insurance companies could adversely impact our operations.
  • The CSA program adopted by the FMCSA could adversely affect our profitability and operations, our ability to maintain or grow our fleet, and our customer relationships.
  • Receipt of an unfavorable DOT safety rating could have a materially adverse effect on our operations and profitability.
  • Compliance with various environmental laws and regulations to which our operations are subject may increase our costs of operations, and non-compliance with such laws and regulations could result in substantial fines or penalties.
  • Developments in labor and employment law and any unionizing efforts by employees could have a materially adverse effect on our results of operations.
  • If our independent contractors are deemed by regulators or judicial process to be employees, our business, financial condition, and results of operations could be adversely affected.
  • Litigation may adversely affect our business, financial condition, and results of operations.
  • Our captive insurance companies are subject to substantial government regulation.
  • Uncertainties in the interpretation and application of the Tax Cuts and Jobs Act could materially affect our tax obligations and effective tax rate.
  • Changes to trade regulation, quotas, duties or tariffs, caused by the changing US and geopolitical environments or otherwise, may increase our costs and adversely affect our business.
  • Upgrading our tractors to reduce the average age of our fleet may not increase our profitability or result in cost savings as expected or at all.
  • In the future, we may need to obtain additional financing that may not be available or, if it is available, may result in a reduction in the percentage ownership of our then-existing stockholders.
  • In the event of an economic downturn or disruption in the credit markets, our indebtedness could place us at a competitive disadvantage in terms of our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry, and prevent us from meeting our debt obligations compared to our competitors that are less leveraged.
  • Our debt agreements contain restrictions that limit our flexibility in operating our business.
  • Uncertainty from the expected discontinuance of LIBOR and transition to any other interest rate benchmark may materially and adversely affect our cost of capital.
  • We could determine that our goodwill and other indefinite-lived intangibles are impaired, thus recognizing a related impairment loss.
  • If our investments in entities are not successful or decrease in market value, we may be required to write off or lose the value of a portion or all of our investments, which could have a materially adverse effect on our results of operations.
  • Jerry Moyes and certain of his family members and affiliated entities are significant stockholders and we face certain risks related to their significant ownership and related party transactions with Mr. Moyes.
  • The market price of our common stock could decline due to the large number of outstanding shares of our common stock eligible for future sale.
  • We may not pay dividends in the future.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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