Old Dominion Freight Line (ODFL), a key player in truckload and logistics, has garnered mixed reactions in the market. Consistent with its 'Hold' recommendation by analysts, its share price showed a considerable drop post earnings announcement, as revenues slipped by 7.3% and 8.2% amid lesser shipping volumes. However, OLDL managed to meet FY2024 earnings expectations and even surpassed Q4 estimates. To mitigate rising costs, the company announced a 4.9% rate hike for 2024. Jim Cramer and Stifel Nicolaus have shown support for
ODFL, noting it as a 'good company' and upgrading its rating respectively. Meanwhile, key stakeholders, including New York Life Investment Management, Proficio Capital Partners, Flossbach Von Storch SE, and Vontobel Holding, increased their shares in
ODFL. However, others such as Bank of New York Mellon, National Pension Service, and Illinois Municipal Retirement Fund disposed significant portions of their shares. Overall, investors with positions in
Old Dominion Freight Line enjoyed an impressive return of 204% over the last 5 years.
Old Dominion Freight Line ODFL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 01 Mar 2025 20:22:09 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor 0
