Recent updates surrounding Old Dominion Freight Line (ODFL) highlight its financial health, stock performance, and strategic standing. With the company's stock underperforming compared to competitors, it announced a 4.9% rate increase for 2024 attributing to rising costs. Meanwhile, The Manufacturers Life Insurance Company sold 341,742 shares of ODFL, revealing the contrasting actions of institutional investors. Some notable investments come from Townsquare Capital LLC and UBS AM, a business unit of UBS ASSET MANAGEMENT AMERICAS LLC, despite being labeled as a bottom-ranked quant stock.
Several organizations have sold their shares including the Fmr LLC and Financial Counselors Inc., whereas Cerity Partners LLC increased their stock position. ODFL's Q3 earnings matched estimated while their third quarter 2024 earnings per diluted share stood at $1.43. A 28% CAGR reportedly outpaced ODFL's earnings growth over the past five years. The company's performance shows resilience amid industrial slowdown with robust backing from their 79% institutional ownership.
Old Dominion Freight Line ODFL News Analytics from Thu, 09 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 14:46:03 GMT - Rating 4 - Innovation 2 - Information 7 - Rumor 1
