Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Short Interest Update

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 11,109,972 shares, a decline of 18.8% from the December 31st total of 13,677,631 shares. Approximately 5.9% of the company’s shares are sold short. Based on an average daily volume of 1,856,537 shares, the days-to-cover ratio is presently 6.0 days. Based on an average daily volume of 1,856,537 shares, the days-to-cover ratio is presently 6.0 days. Approximately 5.9% of the company’s shares are sold short.

Institutional Trading of Old Dominion Freight Line

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Old Dominion Freight Line in the 2nd quarter worth $371,961,000. Boston Partners purchased a new position in Old Dominion Freight Line in the third quarter valued at about $292,599,000. Two Sigma Investments LP grew its stake in Old Dominion Freight Line by 637.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,576,470 shares of the transportation company’s stock valued at $221,935,000 after purchasing an additional 1,362,697 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Old Dominion Freight Line by 21.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,366,843 shares of the transportation company’s stock worth $614,764,000 after purchasing an additional 776,004 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Old Dominion Freight Line by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,544,588 shares of the transportation company’s stock valued at $499,007,000 after purchasing an additional 622,275 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock traded up $18.77 during mid-day trading on Wednesday, hitting $208.54. 6,484,328 shares of the stock were exchanged, compared to its average volume of 2,186,852. The stock’s fifty day simple moving average is $162.54 and its two-hundred day simple moving average is $150.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. Old Dominion Freight Line has a 12-month low of $126.01 and a 12-month high of $209.61. The stock has a market capitalization of $43.61 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 9.25 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, February 4th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm posted $1.23 earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.29 per share. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 4th. Old Dominion Freight Line’s dividend payout ratio is currently 22.54%.

Old Dominion Freight Line News Summary

Here are the key news stories impacting Old Dominion Freight Line this week:

• Positive Sentiment: Q4 earnings and revenue beat consensus, showing resilience in a tough freight market; operating income and a 76.7% operating ratio point to improved efficiency and pricing leverage. Old Dominion Proves Pricing Power In A Tough Trucking Market
• Positive Sentiment: Company beat EPS ($1.09 vs. $1.06 est.) and revenue estimates and announced a dividend hike — a shareholder-friendly action that can support the stock. Old Dominion Beats on Q4 Earnings and Revenues, Hikes Dividend
• Neutral Sentiment: Analyst write-ups and metric-level reviews provide context on cost cuts and margin drivers; useful for investors analyzing sustainability of pricing vs. volume trends. Old Dominion (ODFL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
• Neutral Sentiment: Press release and conference call materials are available for details on management commentary and next-quarter outlook — important for gauging guidance and capacity actions. Listen to Conference Call / Press Release
• Negative Sentiment: Revenue declined ~5.7% year-over-year and EPS was lower than the prior year ($1.23), highlighting persistent volume weakness that could pressure future top-line growth. Old Dominion Freight Line GAAP EPS of $1.09 beats by $0.03, revenue of $1.31B beats by $10M
• Negative Sentiment: Analysts and market pieces flag that pricing may need to continue offsetting “volume pain”; if volumes don’t recover, margins could be harder to sustain long term. Old Dominion earnings up next: Can pricing offset volume pain?

Analyst Ratings Changes

Several equities research analysts recently weighed in on ODFL shares. TD Cowen reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research note on Friday, January 9th. Bank of America lifted their target price on Old Dominion Freight Line from $147.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. BMO Capital Markets upgraded Old Dominion Freight Line from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $172.00 to $170.00 in a report on Monday, December 1st. Wall Street Zen raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, Evercore ISI set a $150.00 price target on shares of Old Dominion Freight Line and gave the stock an “in-line” rating in a research note on Monday, January 12th. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $163.33.

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.