After this morning's 2.6% surge to $199.58 per share, Old Dominion Freight Line might just keep moving past its target price of $197.51. With an average analyst rating of buy, and target prices from $165.0 to $225.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 5.2%, and a short ratio of 4.58. 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 80.0% 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 | $4,398,874,763 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 8% | 16,325,232 | $3,258,189,832 |
| 2024-06-30 | Blackrock Inc. | 7% | 16,202,200 | $3,233,635,105 |
| 2024-06-30 | CIBC Private Wealth Group, LLC | 4% | 8,812,094 | $1,758,717,736 |
| 2024-06-30 | State Street Corporation | 3% | 7,353,585 | $1,467,628,507 |
| 2024-06-30 | Bank Of New York Mellon Corporation | 3% | 6,210,923 | $1,239,576,023 |
| 2024-06-30 | Invesco Ltd. | 2% | 4,677,974 | $933,630,059 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 4,555,737 | $909,233,998 |
| 2024-06-30 | FMR, LLC | 1% | 3,127,399 | $624,166,298 |
| 2024-06-30 | Morgan Stanley | 1% | 2,661,083 | $531,098,950 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Old Dominion Freight Line.
