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Old Dominion Freight Line ODFL - News Analyzed: 3,885 - Last Week: 100 - Last Month: 500

↑ Old Dominion Freight Line ODFL Showcases Noteworthy Performance Amid Market Shifts

Old Dominion Freight Line ODFL Showcases Noteworthy Performance Amid Market Shifts
Old Dominion Freight Line, Inc has been experiencing considerable activities in terms of its shares and financial status. Its shares have undergone transactions by various firms and entities such as B. Riley Wealth Advisors Inc, Czech National Bank, Wellington Management Group LLP, Banque Cantonale Vaudoise, Syon Capital LLC and the Teachers Retirement System of The State of Kentucky, amongst others. The company's Q1 Earnings and Revenue Estimates were surpassed and was given a Average Recommendation of β€œHold” by Brokerages. The company is largely controlled by institutional shareholders owning 74% of the company and has seen an increase of its stake by other entities such as PNC Financial Services Group Inc. Its Q1 2024 Earnings Call Transcript reveals that Old Dominion Freight Line has strong financials guiding the market despite a weak freight market. As a strategy, the company focused on cost cuts and sales growth. Debts have been managed well and it has announced a 2:1 share split. However, there has been noted a few declines in its stock values in comparison to its competitors. The company recently missed 4Q profit forecasts and reports indicate weak performance of the LTL unit in May.

Old Dominion Freight Line ODFL News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 23 Jun 2024 19:43:04 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor 2

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