Streetbeat News

ODFL

Old Dominion Freight Line, Inc.

https://www.odfl.com

Industry

Trucking

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

Open

223.15

Mkt cap

46B

Volume

1.7M

High

223.15

P/E Ratio

37.69

52-wk high

233.26

Low

215.13

Div yield

0.01

52-wk low

165.49

Old Dominion Freight Line (ODFL) has seen a 13.46% increase in its short percent of float since the last report, with 2.30 million shares sold short, representing 2.36% of available shares. This indicates a bearish market sentiment towards ODFL, although it has less short interest compared to its peer group average of 3.58%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

Over the past 5 years, Old Dominion Freight Line (NASDAQ:ODFL) has produced an average annual return of 34.39%, outperforming the market by 21.74%. A $100 investment in ODFL 5 years ago would be worth $436.58 today. The company's market capitalization currently stands at $46.61 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:30 pm

Barclays analyst Brandon Oglenski has maintained an Equal-Weight rating on Old Dominion Freight Line (ODFL) and increased the price target from $385 to $415.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:51 am

JP Morgan analyst Brian Ossenbeck initiates coverage on Old Dominion Freight Line (ODFL) with a Neutral rating and a price target of $465.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:46 am

Old Dominion Freight Line (ODFL) has seen a 13.46% increase in short interest since its last report, with 2.30 million shares sold short, representing 2.36% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 4.49%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:30 pm

B of A Securities analyst Ken Hoexter downgraded Old Dominion Freight Line (ODFL) from Buy to Neutral, while raising the price target from $443 to $446.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:38 pm

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market with an average annual return of 32.15% over the past 15 years, turning a $100 investment into $6,314.35 today. The company currently has a market capitalization of $45.87 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:30 pm

Truckers supporting Donald Trump, led by a figure known as Chicago Ray, are boycotting delivery routes to New York City in response to a court ruling ordering Trump to pay over $300 million for fraud charges. The movement, gaining traction on social media under #TruckersForTrump, could potentially disrupt NYC's supply chain if it continues to grow. Large trucking companies like XPO Inc and Old Dominion Freight Line Inc could be impacted if the boycott leads to increased rates per mile and supply chain disruptions.

Portfolio Pulse from Aaron Bry

February 19, 2024 | 8:08 pm

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced a two-for-one stock split, effective March 27, 2024, for shareholders of record as of March 13, 2024. This will double the number of shares to approximately 217,600,000.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:25 pm

Old Dominion Freight Line (ODFL) has seen a decrease in short interest, with 2.03 million shares sold short, representing 2.08% of its float. This is below the peer group average of 4.55%. The reduction in short interest suggests a more bullish sentiment among investors towards ODFL.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:15 pm

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