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

One Wealth Advisors LLC boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 59.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,371 shares of the transportation company’s stock after buying an additional 2,735 shares during the period. One Wealth Advisors LLC’s holdings in Old Dominion Freight Line were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. grew its position in Old Dominion Freight Line by 175.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock valued at $27,000 after buying an additional 123 shares in the last quarter. Westside Investment Management Inc. grew its position in Old Dominion Freight Line by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock valued at $27,000 after buying an additional 98 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Old Dominion Freight Line in the 3rd quarter valued at about $37,000. Torren Management LLC bought a new position in Old Dominion Freight Line in the 4th quarter valued at about $41,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Old Dominion Freight Line in the 4th quarter valued at about $50,000. 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

Wall Street Analysts Forecast Growth

ODFL has been the subject of a number of recent analyst reports. Wolfe Research increased their target price on shares of Old Dominion Freight Line from $183.00 to $185.00 and gave the company an “underperform” rating in a research report on Tuesday, April 7th. Barclays set a $210.00 target price on Old Dominion Freight Line and gave the stock an “equal weight” rating in a report on Thursday. Morgan Stanley set a $235.00 target price on Old Dominion Freight Line and gave the stock an “overweight” rating in a report on Thursday. Argus raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, February 12th. Finally, Wall Street Zen raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Eight research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $203.96.

Insider Buying and Selling

In related news, Chairman David S. Congdon sold 52,000 shares of Old Dominion Freight Line stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $194.77, for a total value of $10,128,040.00. Following the transaction, the chairman owned 712,800 shares of the company’s stock, valued at approximately $138,832,056. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bradley R. Gabosch sold 3,134 shares of Old Dominion Freight Line stock in a transaction dated 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 transaction, the director directly owned 11,278 shares in the company, valued at $2,190,977.06. This represents a 21.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 80,134 shares of company stock valued at $15,640,132. 10.00% of the stock is owned by corporate insiders.

Old Dominion Freight Line Stock Down 3.1%

NASDAQ:ODFL opened at $205.81 on Friday. The business’s 50-day moving average price is $201.00 and its 200 day moving average price is $172.87. The firm has a market cap of $42.87 billion, a P/E ratio of 43.06, a PEG 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.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly 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. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.Old Dominion Freight Line’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.18 EPS for the current year.

Old Dominion Freight Line Increases Dividend

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

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.