Old Dominion Freight LineODFL
Market Cap: $39.6B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $163M | Put options by funds: $120M
29% more repeat investments, than reductions
Existing positions increased: 379 | Existing positions reduced: 293
0% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 8 (+0) [Q2]
2% less funds holding
Funds holding: 870 [Q1] → 853 (-17) [Q2]
15% less first-time investments, than exits
New positions opened: 96 | Existing positions closed: 113
16% less capital invested
Capital invested by funds: $34.7B [Q1] → $29.1B (-$5.65B) [Q2]
69.4% less ownership
Funds ownership: 145.07% [Q1] → 75.67% (-69.4%) [Q2]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
JP Morgan Brian Ossenbeck 50% 1-year accuracy 23 / 46 met price target | 2%upside $189 | Neutral Maintained | 6 Sept 2024 |
B of A Securities Ken Hoexter 51% 1-year accuracy 21 / 41 met price target | 11%upside $206 | Neutral Maintained | 6 Sept 2024 |
Stephens & Co. Daniel Imbro 68% 1-year accuracy 13 / 19 met price target | 16%upside $214 | Overweight Reiterated | 5 Sept 2024 |
Wells Fargo Christian Wetherbee 68% 1-year accuracy 19 / 28 met price target | 8%downside $170 | Underweight Maintained | 5 Sept 2024 |
TD Cowen Jason Seidl 71% 1-year accuracy 5 / 7 met price target | 16%upside $214 | Hold Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 8 articles about ODFL published over the past 30 days