Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) had its price target increased by equities research analysts at UBS Group from $202.00 to $216.00 in a report released on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the transportation company’s stock. UBS Group’s target price points to a potential upside of 4.95% from the stock’s current price.
A number of other research analysts also recently commented on ODFL. Wolfe Research boosted their price target on Old Dominion Freight Line from $183.00 to $185.00 and gave the company an “underperform” rating in a research note on Tuesday, April 7th. Zacks Research raised Old Dominion Freight Line from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating and set a $205.00 price target for the company. in a research note on Thursday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Old Dominion Freight Line in a research note on Thursday, February 19th. Finally, Wells Fargo & Company boosted their price target on Old Dominion Freight Line from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus target price of $203.96.
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Old Dominion Freight Line Stock Performance
Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts predict that Old Dominion Freight Line will post 5.18 earnings per share for the current fiscal year.
Insider Activity at Old Dominion Freight Line
In related news, Director Bradley R. Gabosch sold 3,134 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $194.27, for a total value of $608,842.18. Following the completion of the transaction, the director owned 11,278 shares of the company’s stock, valued at $2,190,977.06. This represents a 21.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Earl E. Congdon sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $196.13, for a total transaction of $4,903,250.00. Following the completion of the transaction, the insider directly owned 2,162,113 shares of the company’s stock, valued at approximately $424,055,222.69. The trade was a 1.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 80,134 shares of company stock valued at $15,640,132 in the last quarter. Insiders own 10.00% of the company’s stock.
Hedge Funds Weigh In On Old Dominion Freight Line
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Associated Banc Corp grew its holdings in shares of Old Dominion Freight Line by 67.1% during the first quarter. Associated Banc Corp now owns 210,162 shares of the transportation company’s stock worth $41,066,000 after purchasing an additional 84,374 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Old Dominion Freight Line during the first quarter worth about $598,000. Pittenger & Anderson Inc. grew its holdings in shares of Old Dominion Freight Line by 3,700.0% during the first quarter. Pittenger & Anderson Inc. now owns 8,360 shares of the transportation company’s stock worth $1,634,000 after purchasing an additional 8,140 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Old Dominion Freight Line by 30.7% during the first quarter. Citizens Financial Group Inc. RI now owns 2,777 shares of the transportation company’s stock worth $543,000 after purchasing an additional 653 shares during the last quarter. Finally, Midwest Trust Co boosted its holdings in Old Dominion Freight Line by 26.0% in the first quarter. Midwest Trust Co now owns 50,885 shares of the transportation company’s stock valued at $9,943,000 after acquiring an additional 10,496 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.
Trending Headlines about Old Dominion Freight Line
Here are the key news stories impacting Old Dominion Freight Line this week:
- Positive Sentiment: Q1 beat: ODFL reported revenue of $1.335B and net income of $238.3M, with EPS above street estimates — a fundamental beat that prompted analyst upside and supports longer-term earnings expectations. Trucking firm Old Dominion beats profit estimates as pricing improves
- Positive Sentiment: Analysts lifted forecasts and targets after the quarter, signaling improved near-term outlook from some shops — this supports upside potential if execution continues. Old Dominion Freight Line Analysts Increase Their Forecasts Following Strong Q1 Earnings
- Positive Sentiment: Macro/industry optimism — some coverage pointed to hopes for an industrial activity rebound fueling demand for freight services, which can be a tailwind if sustained. Old Dominion Freight Line (ODFL) Surged on Optimism Over Industrial Activity Rebound
- Neutral Sentiment: Stifel raised its price target to $232 (largest upside among recent changes), a constructive signal but not a rating change. Stifel adjusts price target on Old Dominion Freight Line to $232 from $228
- Neutral Sentiment: UBS raised its target to $216 but kept a “neutral” rating — modest upside implied, so limited near-term catalyst from that call. UBS adjusts Old Dominion Freight Line price target to $216 from $202; maintains neutral rating
- Neutral Sentiment: Wells Fargo nudged its target to $205 and left an “equal weight” rating — essentially a hold view that tempers upside expectations. Wells Fargo raises price target to $205
- Neutral Sentiment: Analyst commentary flagged valuation risk despite solid fundamentals — a caution that the stock may face volatility until growth/volume trends clear. Old Dominion Freight: Solid Fundamentals, But Valuation Shows Bumpy Roads Ahead
- Negative Sentiment: JPMorgan raised its PT to $197 but kept a neutral rating — that target sits below recent levels and signals downside risk if the market focuses on valuation. JPMorgan raises price target to $197
- Negative Sentiment: Near-term selling appears driven by mixed analyst stances and valuation concerns despite the beat; coverage explaining today’s dip highlights profit-taking and re-pricing versus some new, lower-relative targets. Why Old Dominion Freight Line (ODFL) shares are trading lower today
Old Dominion Freight Line Company Profile
Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.
The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.
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