Old Dominion Freight LineODFL
ODFL
About: Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.
Employees: 22,902
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 12 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
45% more call options, than puts
Call options by funds: $194M | Put options by funds: $134M
15% more repeat investments, than reductions
Existing positions increased: 355 | Existing positions reduced: 309
13% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 9 (+1) [Q3]
9% more capital invested
Capital invested by funds: $29.6B [Q2] → $32.2B (+$2.64B) [Q3]
0% less funds holding
Funds holding: 862 [Q2] → 860 (-2) [Q3]
0.99% less ownership
Funds ownership: 77.01% [Q2] → 76.02% (-0.99%) [Q3]
2% less first-time investments, than exits
New positions opened: 95 | Existing positions closed: 97
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$160
12%
downside
Avg. target
$207
14%
upside
High target
$241
33%
upside
12 analyst ratings
3 positive
25%
8 neutral
67%
1 negative
8%
Goldman Sachs Jordan Alliger 47% 1-year accuracy 7 / 15 met price target | 30%upside $235 | Neutral Maintained | 12 Dec 2024 |
JP Morgan Brian Ossenbeck 50% 1-year accuracy 18 / 36 met price target | 13%upside $205 | Neutral Maintained | 6 Dec 2024 |
Stephens & Co. Daniel Imbro 57% 1-year accuracy 13 / 23 met price target | 32%upside $240 | Overweight Reiterated | 4 Dec 2024 |
Barclays Brandon Oglenski 41% 1-year accuracy 26 / 64 met price target | 21%upside $220 | Equal-Weight Maintained | 13 Nov 2024 |
Citigroup Ariel Rosa 31% 1-year accuracy 8 / 26 met price target | 33%upside $241 | Neutral Maintained | 12 Nov 2024 |
Financial journalist opinion
Based on 9 articles about ODFL published over the past 30 days
Positive
Seeking Alpha
1 day ago
Old Dominion Freight Line: A Dividend Grower That Should Benefit From Lower Interest Rates
Old Dominion Freight Line faces headwinds from high interest rates, but resilient financials and expected earnings growth in 2025 and beyond make it a strong long-term investment. Despite higher operating costs, ODFL's solid dividend growth, low debt, and strong cash flow highlight its financial strength and astute capital allocation. The stock appears overvalued with a forward P/E of 37.01x, suggesting investors should consider adding on market corrections or crashes.
Positive
MarketBeat
1 week ago
Where to Invest in 2025: Top Stock Picks for Maximum Gains
When end-of-year liquidations and profit taking take place, investors sit on newly minted cash waiting to be put to work again. Out of all the investment trends in the market and all the stocks that could outperform, which ones could pose the best opportunity from now into 2025?
Positive
Seeking Alpha
2 weeks ago
Buying No-Brainer Dividends For The 'Best Four Years Ever'
Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
Negative
Zacks Investment Research
2 weeks ago
Old Dominion Posts Weak LTL Unit Performance for November
ODFL reports revenue per day decline of 8.2% year over year in November 2024 due to an 8% decrease in LTL tons per day and a slight decrease in LTL revenue per hundredweight.
Neutral
Business Wire
2 weeks ago
Old Dominion Freight Line Provides Update for Fourth Quarter 2024
THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for November 2024. Revenue per day decreased 8.2% as compared to November 2023 due to an 8.0% decrease in LTL tons per day and a slight decrease in LTL revenue per hundredweight. The decrease in LTL tons per day was attributable to a 6.8% decrease in LTL shipments per day and a 1.2% decrease in LTL weight per shipment. For the quarter-to-date pe.
Negative
MarketBeat
2 weeks ago
Do New Tariffs Signal Rising Inflation? A Technical Breakdown
There are many views in the market today regarding the new potential tariffs being planned by the newly elected United States administration. Economists collectively agree that these tariffs will lead to a new wave of inflation in the economy, as the price of everyday goods will increase significantly.
Positive
MarketBeat
3 weeks ago
3 Stocks to Ride the Manufacturing Sector's Big Comeback
The financial markets have provided investors with their sentiment for the United States economy moving forward through price action in different asset classes like stocks, bonds, and commodities. From the way gold is making new all-time highs while bond yields are on the rise, investors could assume that one single theme is taking over the behavior coming out of the different markets.
Negative
Zacks Investment Research
3 weeks ago
Here's Why You Should Give Old Dominion Stock a Miss Now
The combination of economic uncertainty, weak demand and cost escalation affect ODFL's investment prospects.
Positive
Zacks Investment Research
4 weeks ago
Old Dominion (ODFL) Up 13.9% Since Last Earnings Report: Can It Continue?
Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
1 month ago
High-Conviction Investing - 4 Of The Best Dividend Stocks Money Can Buy
The current market presents a complex mix of opportunities and risks, influenced by the Trump presidency, Fed policies, and elevated valuations. These factors require careful stock selection. I am focusing on sectors with strong recovery potential and long-term tailwinds, such as transportation and defense, while considering valuation and growth potential. My picks include high-quality, dividend-paying stocks positioned for growth, pricing power, and resilience, making them ideal investments for a volatile market.
Charts implemented using Lightweight Charts™