In recent market news, several investment institutions have repositioned their stakes in
Old Dominion Freight Line. Jupiter Asset Management, Banco Santander, and Amundi, among others, have heavily sold their holdings in Old Dominion. On the contrary, institutions like Parnassus Investments, May Barnhard Investments, and Raymond James Financial have significantly increased their investments in the freight company. Old Dominion has reported a
5% drop in revenue per day for February 2025 and a
7.1% drop in Freight Volumes in the same month. Despite this, the company has been attracting fresh investments. Amid the complex market conditions, Old Dominion’s stock hit a new 52-week low, but Deutsche Bank Aktiengesellschaft and other analysts have labeled Old Dominion a 'Buy'. Even though the logistics company is facing a freight recession, it continues to be a strong player in the competitive trucking market. Old Dominion reported Q4 2024 earnings per share of $1.23, with a subsequent 8.2% drop in revenue due to declining shipping volumes. The firm announced a general rate increase, and stakeholders are eagerly awaiting the company's update for the first quarter of 2025.
Old Dominion Freight Line ODFL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sun, 16 Mar 2025 00:54:05 GMT -
Rating -5
- Innovation 2
- Information 7
- Rumor 3
