Old Dominion Freight Line shares fell -3.9% this morning to a price of $211.82. The stock is still trading within range of its average target price of $215.66, and over the last 52 weeks, it has recorded a 27.4% performance. Analysts have given the Large-Cap Integrated Freight & Logistics stock target prices ranging from $175.0 to $260.0 dollars per share, with an average rating of hold.
The stock has an average amount of shares sold short at 2.3%, and a short ratio of 3.44. The company's insiders own 19.84% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 75.6% of Old Dominion Freight Line's shares being owned by this investor type.
Institutions Invested in Old Dominion Freight Line
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 20% | 21,702,258 | $4,596,972,448 |
| 2023-12-31 | Blackrock Inc. | 16% | 17,603,880 | $3,728,853,990 |
| 2023-12-31 | Price (T.Rowe) Associates Inc | 12% | 12,650,642 | $2,679,659,081 |
| 2023-12-31 | Capital Research Global Investors | 8% | 8,290,946 | $1,756,188,242 |
| 2023-12-31 | State Street Corporation | 7% | 7,481,828 | $1,584,800,861 |
| 2023-12-31 | Bank Of New York Mellon Corporation | 6% | 6,104,360 | $1,293,025,579 |
| 2023-12-31 | JP Morgan Chase & Company | 5% | 4,969,410 | $1,052,620,462 |
| 2023-12-31 | FMR, LLC | 4% | 4,433,842 | $939,176,444 |
| 2023-12-31 | Geode Capital Management, LLC | 4% | 4,314,060 | $913,804,220 |
| 2023-12-31 | CIBC Private Wealth Group, LLC | 4% | 4,203,838 | $890,456,995 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Old Dominion Freight Line.
