Old Dominion Freight Line, Inc. (ODFL) is a particular favorite with institutional investors who currently own 78% of the company. The company has gained favor among analysts and has performed strongly in the market, consistently outperforming competition on trading days. The Ontario Teachers Pension Plan Board and Landscape Capital Management L.L.C. increased their investment in ODFL, with the latter making a new $2.11 million investment. However, certain investment firms like Eagle Asset Management and Banco Santander S.A., have reduced their holdings. ODFL has had a run of substantial growth over a five-year period, with a 28% CAGR outpacing the company's earnings growth. It's lauded for its financial metrics and competitive strengths, and its quality as a National LTL Carrier was recognized by Mastio & Company. Despite some insider selling, ODFL enjoys substantial institutional backing, with holdings from Versor Investments and National Pension Service growing. However, some analysts have downgraded the stock and investors have been cautioned about potential overvaluation. Current economic headwinds have resulted in a missed Q3 earnings and revenue target, and sluggish industrial demand has led to some concerns about the company's future growth.
Old Dominion Freight Line ODFL News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Fri, 22 Nov 2024 16:31:05 GMT -
Rating 5
- Innovation -4
- Information 6
- Rumor -2
