After this morning's 1.1% surge to $196.75 per share, Old Dominion Freight Line might just keep moving past its target price of $197.62. With an average analyst rating of buy, and target prices from $160.0 to $228.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 4.7%, and a short ratio of 4.45. The company's insiders own 10.1% 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 79.9% 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 |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 22,040,659 | $4,336,499,658 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 8% | 16,325,232 | $3,211,989,396 |
| 2024-06-30 | Blackrock Inc. | 7% | 16,202,200 | $3,187,782,850 |
| 2024-06-30 | CIBC Private Wealth Group, LLC | 4% | 8,812,094 | $1,733,779,494 |
| 2024-06-30 | State Street Corporation | 3% | 7,353,585 | $1,446,817,848 |
| 2024-06-30 | Bank Of New York Mellon Corporation | 3% | 6,210,923 | $1,221,999,100 |
| 2024-06-30 | Invesco Ltd. | 2% | 4,677,974 | $920,391,384 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 4,555,737 | $896,341,254 |
| 2024-06-30 | FMR, LLC | 1% | 3,127,399 | $615,315,753 |
| 2024-06-30 | Morgan Stanley | 1% | 2,661,083 | $523,568,080 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Old Dominion Freight Line.
