Investment and stock management firms have shown significant interest in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Companies such as Wells Fargo & Company MN, Janney Montgomery Scott LLC, Quest Partners LLC, and Franklin Resources Inc. have increased their stock holdings in ODFL, while Beacon Pointe Advisors LLC has reduced. Financial groups such as PNC Financial Services and Trexquant Investment LP have invested in new stakes.
ODFL has recently announced a quarterly cash dividend $0.26 per share and it is joining the prestigious S&P 500 benchmark. Although the company's LTL segment number declined in May, ODFL has been showing promising returns. ODFL has strong institutional backing, owning 73% ownership.
The company has unveiled modest revenue growth amid economic softness and despite the mixed forecasts from analysts, many are maintaining a 'hold' stance on the stock. ODFL is also profiting from Yellow Corp's bankruptcy.
Old Dominion Freight Line ODFL News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 16:03:15 GMT - Rating 6 - Innovation -2 - Information 7 - Rumor -1
