Old Dominion Freight Line
ODFL

$184.82

0.67%

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

Industrials Trucking, Except Local

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 16 analysts

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]

See Fund Rankings

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$168

9%

downside

Avg. target

$199

8%

upside

High target

$215

16%

upside

15 analyst ratings

6 positive

40%

8 neutral

53%

1 negative

7%

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

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about ODFL published over the past 30 days

Zacks Investment Research

Old Dominion Posts Weak LTL Unit Performance for August

ODFL's revenue per day fell 5.2% year over year in August 2024, owing to a 6.1% decrease in LTL tons per day.

Old Dominion Posts Weak LTL Unit Performance for August

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Bull Market Millionaires: 3 Dividend Stocks To Build A Fortune

Old Dominion Freight Line Provides Update for Third Quarter 2024

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2024. Revenue per day decreased 5.2% as compared to August 2023 due to a 6.1% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 5.0% decrease in LTL shipments per day and a 1.1% decrease in LTL weight per shipment. For the quarte.

Old Dominion Freight Line Provides Update for Third Quarter 2024

Old Dominion University Unveils the Ellmer College of Health Sciences' New Home

The three-story, state-of-the-art facility serves as a gateway for experiential learning, research and two public-facing clinics. The three-story, state-of-the-art facility serves as a gateway for experiential learning, research and two public-facing clinics.

Old Dominion University Unveils the Ellmer College of Health Sciences' New Home

4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

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4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

My Top 15 High Growth Dividend Stocks For September 2024

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My Top 15 High Growth Dividend Stocks For September 2024

Zacks Investment Research

Why Is Old Dominion (ODFL) Down 2.3% Since Last Earnings Report?

Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?

Why Is Old Dominion (ODFL) Down 2.3% Since Last Earnings Report?

Zacks Investment Research

Here's Why Investors Should Avoid Old Domain (ODFL) Stock Now

Old Domain (ODFL) is grappling with elevated operating costs. Weakness in the economy also does not bode well for the company.

Here's Why Investors Should Avoid Old Domain (ODFL) Stock Now

The Motley Fool

Why Old Dominion Freight Line Stock Hit the Accelerator in July

Old Dominion topped quarterly earnings expectations despite a continued soft operating environment. It could take a while for the trucking slump to end, but Old Dominion is well positioned to survive and thrive when demand improves.

Why Old Dominion Freight Line Stock Hit the Accelerator in July

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