Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is -4.87% lower on its value in year-to-date trading and has touched a low of $165.49 and a high of $227.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ODFL stock was last observed hovering at around $192.12 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $192.80, the stock is -1.89% and 0.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 0.35% at the moment leaves the stock -2.43% off its SMA200. ODFL registered -10.39% loss for a year compared to 6-month loss of -13.21%.
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The stock witnessed a -5.12% gain in the last 1 month and extending the period to 3 months gives it a 10.01%, and is -5.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.88% over the month.
Old Dominion Freight Line, Inc. (ODFL) has around 22902 employees, a market worth around $41.32B and $5.97B in sales. Current P/E ratio is 33.06 and Fwd P/E is 29.20. Profit margin for the company is 21.38%. Distance from 52-week low is 16.50% and -15.36% from its 52-week high. The company has generated returns on investments over the last 12 months (30.74%).
The EPS is expected to grow by 1.23% this year.
Old Dominion Freight Line, Inc. (ODFL) Top Institutional Holders
1241.0 institutions hold shares in Old Dominion Freight Line, Inc. (ODFL), with institutional investors hold 88.78% of the company’s shares. The shares outstanding are 217.93M, and float is at 185.46M with Short Float at 3.11%. Institutions hold 79.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.04 million shares valued at $3.89 billion. The investor’s holdings represent 10.1293% of the ODFL Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 16.33 million shares valued at $$2.88 billion to account for 7.5026 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 16.2 million shares representing 7.4461% and valued at over $2.86 billion, while CIBC PRIVATE WEALTH GROUP, LLC holds 4.0498 of the shares totaling 8.81 million with a market value of $1.6 billion.
Old Dominion Freight Line, Inc. (ODFL) Insider Activity
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Still, SEC filings show that on Aug 26 ’24, CONGDON DAVID S (Executive Chairman) disposed off 29,975 shares at an average price of $201.30 for $6.03 million. The insider now directly holds 1,401,621 shares of Old Dominion Freight Line, Inc. (ODFL).
