Old Dominion Freight Line, Inc. (ODFL) has announced a quarterly dividend of $0.28 per share. Even though it has faced a 12.9% drop in its Q1 profit and freight volumes declined by 7.1% for the month of February, the share price has risen by 3% since its last earnings report. Multiple investment firms have increased their stake in ODFL and there is an overall optimistic sentiment from the market. USS Investment management Ltd, Shell Asset Management Co., and Jacobs Levy Equity Management Inc. are recorded to have reduced their holdings, but companies like The London Company, Novem Group, Two Sigma Investments LP, and Raiffeisen Bank International AG have significantly increased their investments in ODFL. Analysts are divided, but several recommend holding the stock. Insider trading had some pause, signaling caution, yet others like Rep. Marjorie Taylor Greene, purchased ODFL stock. Despite bearish reports, ODFL intertwines a continued overall positive investor sentiment.
Old Dominion Freight Line ODFL News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 24 May 2025 12:48:22 GMT -
Rating 5
- Innovation -3
- Information 8
- Rumor -1
