Old Dominion Freight Line, Inc. $ODFL Stake Boosted by One Wealth Advisors LLC

One Wealth Advisors LLC raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 59.0% during the 4th quarter, HoldingsChannel reports. The fund owned 7,371 shares of the transportation company’s stock after purchasing an additional 2,735 shares during the period. One Wealth Advisors LLC’s holdings in Old Dominion Freight Line were worth $1,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ODFL. Brighton Jones LLC grew its stake in Old Dominion Freight Line by 5.3% during the 4th quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 79 shares in the last quarter. Empowered Funds LLC grew its stake in Old Dominion Freight Line by 134.9% during the 1st quarter. Empowered Funds LLC now owns 10,213 shares of the transportation company’s stock valued at $1,690,000 after acquiring an additional 5,866 shares in the last quarter. Marshall Wace LLP purchased a new position in Old Dominion Freight Line during the 2nd quarter valued at about $7,478,000. Jump Financial LLC purchased a new position in Old Dominion Freight Line during the 2nd quarter valued at about $2,891,000. Finally, AXA S.A. grew its stake in Old Dominion Freight Line by 1.2% during the 2nd quarter. AXA S.A. now owns 20,253 shares of the transportation company’s stock valued at $3,287,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Key Stories Impacting 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

Insider Buying and Selling

In related news, insider Earl E. Congdon sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $196.13, for a total value of $4,903,250.00. Following the completion of the sale, the insider directly owned 2,162,113 shares in the company, valued at approximately $424,055,222.69. The trade was a 1.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley R. Gabosch sold 3,134 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.27, for a total value of $608,842.18. Following the completion of the sale, the director owned 11,278 shares of the company’s stock, valued at approximately $2,190,977.06. This trade represents a 21.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 80,134 shares of company stock worth $15,640,132. 10.00% of the stock is currently owned by insiders.

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $205.81 on Friday. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of 43.06, a P/E/G ratio of 4.47 and a beta of 1.17. Old Dominion Freight Line, Inc. has a 52-week low of $126.01 and a 52-week high of $233.79. The stock has a 50-day simple moving average of $201.00 and a 200-day simple moving average of $172.87.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company earned $1.19 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.18 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.29 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, March 4th. This represents a $1.16 annualized dividend and a yield of 0.6%. Old Dominion Freight Line’s dividend payout ratio is presently 24.27%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $216.00 target price on Old Dominion Freight Line and gave the company a “neutral” rating in a research note on Thursday. Zacks Research raised Old Dominion Freight Line from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Citigroup reaffirmed a “neutral” rating and set a $225.00 target price (up from $218.00) on shares of Old Dominion Freight Line in a research note on Thursday. Morgan Stanley set a $235.00 target price on Old Dominion Freight Line and gave the company an “overweight” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research note on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $203.96.

Old Dominion Freight Line 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.