Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is -3.98% 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 $194.44 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $194.59, the stock is -0.21% and -0.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 0.08% at the moment leaves the stock -1.27% off its SMA200. ODFL registered -8.45% loss for a year compared to 6-month loss of -11.47%. The firm has a 50-day simple moving average (SMA 50) of $194.9734 and a 200-day simple moving average (SMA200) of $197.08916.
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The stock witnessed a 3.04% gain in the last 1 month and extending the period to 3 months gives it a 2.30%, and is 1.92% up 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 2.19% over the week and 2.47% over the month.
Old Dominion Freight Line, Inc. (ODFL) has around 22902 employees, a market worth around $41.70B and $5.97B in sales. Current P/E ratio is 33.36 and Fwd P/E is 30.91. Profit margin for the company is 21.38%. Distance from 52-week low is 17.58% and -14.58% from its 52-week high. The company has generated returns on investments over the last 12 months (30.74%).
The EPS is expected to shrink by -0.88% this year
1232.0 institutions hold shares in Old Dominion Freight Line, Inc. (ODFL), with institutional investors hold 88.96% of the company’s shares. The shares outstanding are 217.93M, and float is at 185.07M with Short Float at 3.59%. Institutions hold 79.98% 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
The most recent transaction is an insider sale by CONGDON DAVID S, the company’s Executive Chairman. SEC filings show that CONGDON DAVID S sold 10,000 shares of the company’s common stock on Aug 29 ’24 at a price of $195.17 per share for a total of $1.95 million. Following the sale, the insider now owns 1.39 million shares.
Old Dominion Freight Line, Inc. disclosed in a document filed with the SEC on Aug 30 ’24 that CONGDON DAVID S (Executive Chairman) sold a total of 10,025 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $190.19 per share for $1.91 million. Following the transaction, the insider now directly holds 1.38 million shares of the ODFL stock.
Still, SEC filings show that on Aug 30 ’24, CONGDON DAVID S (Affiliate) Proposed Sale 10,025 shares at an average price of $190.19 for $1.91 million. The insider now directly holds shares of Old Dominion Freight Line, Inc. (ODFL).
