Old Dominion Freight LineODFL
Market Cap: 44.1B
About: Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.
Employees: 22,902
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
1,353% more repeat investments, than reductions
Existing positions increased: 712 | Existing positions reduced: 49
71.06% more ownership
Funds ownership: 72.2% [Q4 2023] → 143.26% (+71.06%) [Q1 2024]
57% more call options, than puts
Call options by funds: $209M | Put options by funds: $133M
7% more capital invested
Capital invested by funds: $31.9B [Q4 2023] → $34.3B (+$2.36B) [Q1 2024]
9% less first-time investments, than exits
New positions opened: 89 | Existing positions closed: 98
1% less funds holding
Funds holding: 868 [Q4 2023] → 859 (-9) [Q1 2024]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q4 2023] → 8 (-2) [Q1 2024]
Research analyst outlook
28 Wall Street Analysts provided 1 year price forecasts over the past 6 months
28 analyst ratings
TD Cowen Jason Seidl | 5%upside $214 | Hold Maintained | 25 Jul 2024 |
Raymond James Patrick Tyler Brown | 3%upside $209 | Outperform Maintained | 25 Jul 2024 |
BMO Capital Fadi Chamoun | 6%upside $215 | Outperform Maintained | 25 Jul 2024 |
JP Morgan Brian Ossenbeck | 5%downside $193 | Neutral Maintained | 25 Jul 2024 |
Baird Garrett Holland | 6%upside $215 | Outperform Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 20 articles about ODFL published over the past 30 days