Gladstone Institutional Advisory LLC has reduced its stock position in
Old Dominion Freight Line (ODFL), with the company's shares also sold by
Greg Gantt, a director at ODFL, and
New York State Teachers Retirement System. However, new positions were opened by
J.W. Cole Advisors and
Traynor Capital Management, and shares were also purchased by
Assenagon Asset Management, and
Forsta AP Fonden. ODFL has faced a sluggish demand in the industrial sector, leading to a dip in Q3 earnings and revenue figures, prompting
analyst downgrades of the stock. Nevertheless, the firm still boasts a remarkable 78% institutional ownership, indicating continued confidence from the investment community. Quarterly earnings results were a mix, with ODFL managing to beat expectations by 1 cent in Q3, despite having its price target lowered. ODFL was also named the #1 National LTL Carrier for Quality by Mastio & Company for the 15th consecutive year. Ultimately, despite some recent declines, investors should not overlook ODFL's impressive returns on capital and strong financials.
Old Dominion Freight Line ODFL News Analytics from Mon, 18 Mar 2024 07:00:00 GMT to Sat, 02 Nov 2024 08:15:40 GMT -
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