Old Dominion Freight Line, Inc (NASDAQ: ODFL) is 10.58% higher on its value in year-to-date trading and has touched a low of $165.49 and a high of $233.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ODFL stock was last observed hovering at around $225.97 in the last trading session, with the day’s loss setting it -1.86%.
Currently trading at $224.11, the stock is 2.59% and 8.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -0.82% at the moment leaves the stock 12.74% off its SMA200. ODFL registered 15.71% gain for a year compared to 6-month gain of 29.51%. The firm has a 50-day simple moving average (SMA 50) of $205.6632 and a 200-day simple moving average (SMA200) of $198.7821.
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The stock witnessed a 11.33% loss in the last 1 month and extending the period to 3 months gives it a 16.65%, and is 4.56% 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 2.34% over the week and 2.60% over the month.
Old Dominion Freight Line, Inc (ODFL) has around 22902 employees, a market worth around $47.45B and $5.92B in sales. Current P/E ratio is 39.17 and Fwd P/E is 38.29. Profit margin for the company is 21.03%. Distance from 52-week low is 35.42% and -3.92% from its 52-week high. The company has generated returns on investments over the last 12 months (29.55%).
The EPS is expected to shrink by -3.47% this year
1251.0 institutions hold shares in Old Dominion Freight Line, Inc (ODFL), with institutional investors hold 89.48% of the company’s shares. The shares outstanding are 217.93M, and float is at 184.46M with Short Float at 4.74%. Institutions hold 80.42% 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
Old Dominion Freight Line, Inc disclosed in a document filed with the SEC on Nov 08 ’24 that SUGGS LEO H (Director) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $225.44 per share for $0.68 million. Following the transaction, the insider now directly holds 7383.0 shares of the ODFL stock.
Still, SEC filings show that on Nov 06 ’24, CONGDON DAVID S (Executive Chairman) disposed off 60,000 shares at an average price of $226.30 for $13.58 million. The insider now directly holds 1,321,596 shares of Old Dominion Freight Line, Inc (ODFL).
