Market Momentum Report: Old Dominion Freight Line, Inc. (ODFL)’s Positive Close at 174.65

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The price of Old Dominion Freight Line, Inc. (NASDAQ: ODFL) closed at $174.65 in the last session, up 0.78% from day before closing price of $173.30. In other words, the price has increased by $0.78 from its previous closing price. On the day, 1.69 million shares were traded. ODFL stock price reached its highest trading level at $176.811 during the session, while it also had its lowest trading level at $173.305.


We take a closer look at ODFL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 65.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.56. For the most recent quarter (mrq), Quick Ratio is recorded 2.29 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on June 07, 2024, initiated with a Underweight rating and assigned the stock a target price of $175.

On June 05, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $210.

Robert W. Baird Upgraded its Neutral to Outperform on May 08, 2024, while the target price for the stock was maintained at $205.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 27 ’24 when Kasarda John D. sold 7,972 shares for $442.15 per share. The transaction valued at 3,524,857 led to the insider holds 6,770 shares of the business.

CONGDON DAVID S sold 34,000 shares of ODFL for $14,993,133 on Feb 23 ’24. The Executive Chairman now owns 732,712 shares after completing the transaction at $440.97 per share. On Nov 10 ’23, another insider, CONGDON DAVID S, who serves as the Executive Chairman of the company, sold 24,100 shares for $390.59 each. As a result, the insider received 9,413,208 and left with 766,754 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ODFL now has a Market Capitalization of 37948821504 and an Enterprise Value of 37447843840. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.75, and their Forward P/E ratio for the next fiscal year is 24.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.45 while its Price-to-Book (P/B) ratio in mrq is 8.63. Its current Enterprise Value per Revenue stands at 6.364 whereas that against EBITDA is 18.941.

Stock Price History:

The Beta on a monthly basis for ODFL is 1.00, which has changed by 0.069405794 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, ODFL has reached a high of $227.80, while it has fallen to a 52-week low of $158.60. The 50-Day Moving Average of the stock is -6.42%, while the 200-Day Moving Average is calculated to be -12.69%.

Shares Statistics:

According to the various share statistics, ODFL traded on average about 1.69M shares per day over the past 3-months and 1744680 shares per day over the past 10 days. A total of 217.93M shares are outstanding, with a floating share count of 188.02M. Insiders hold about 13.47% of the company’s shares, while institutions hold 74.42% stake in the company. Shares short for ODFL as of 1715731200 were 4830796 with a Short Ratio of 3.20, compared to 1713139200 on 4117834. Therefore, it implies a Short% of Shares Outstanding of 4830796 and a Short% of Float of 3.6999999999999997.

Dividends & Splits

The forward annual dividend rate for ODFL is 0.92, which was 0.86 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0049624927The stock’s 5-year Average Dividend Yield is 0.34. The current Payout Ratio is 14.21% for ODFL, which recently paid a dividend on 2024-06-05 with an ex-dividend date of 1717545600. Stock splits for the company last occurred on 2024-03-28 when the company split stock in a 2:1 ratio.

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