Old Dominion Freight Line, Inc. $ODFL Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 28.9% during the 4th quarter, Holdings Channel reports. The fund owned 107,888 shares of the transportation company’s stock after selling 43,845 shares during the period. Pictet Asset Management Holding SA’s holdings in Old Dominion Freight Line were worth $16,917,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Verdence Capital Advisors LLC boosted its stake in shares of Old Dominion Freight Line by 1.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 5,181 shares of the transportation company’s stock worth $812,000 after purchasing an additional 60 shares during the last quarter. High Point Wealth Management LLC acquired a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $81,000. Marathon Capital Management lifted its stake in shares of Old Dominion Freight Line by 23.4% during the fourth quarter. Marathon Capital Management now owns 1,817 shares of the transportation company’s stock valued at $285,000 after buying an additional 344 shares during the period. Cherokee Insurance Co grew its stake in Old Dominion Freight Line by 26.7% in the 4th quarter. Cherokee Insurance Co now owns 5,700 shares of the transportation company’s stock worth $894,000 after acquiring an additional 1,200 shares during the period. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Old Dominion Freight Line by 6.7% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 5,917 shares of the transportation company’s stock valued at $928,000 after acquiring an additional 369 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of ODFL opened at $205.81 on Friday. Old Dominion Freight Line, Inc. has a one year low of $126.01 and a one year high of $233.79. The stock has a 50-day moving average price of $201.00 and a 200 day moving average price of $172.87. The company has a market capitalization of $42.87 billion, a P/E ratio of 43.06, a P/E/G ratio of 4.47 and a beta of 1.17.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.18 earnings per share for the current fiscal 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 issued a $0.29 dividend. This is a boost 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 was Wednesday, March 4th. Old Dominion Freight Line’s dividend payout ratio is currently 24.27%.

Old Dominion Freight Line News Summary

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 Activity at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Bradley R. Gabosch sold 3,134 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.27, for a total transaction of $608,842.18. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David S. Congdon sold 52,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $194.77, for a total transaction of $10,128,040.00. Following the transaction, the chairman directly owned 712,800 shares of the company’s stock, valued at approximately $138,832,056. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 80,134 shares of company stock valued at $15,640,132 over the last ninety days. Corporate insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ODFL shares. Stifel Nicolaus raised their price objective on Old Dominion Freight Line from $228.00 to $232.00 in a report on Thursday. Susquehanna reissued a “neutral” rating and issued a $205.00 target price (up from $185.00) on shares of Old Dominion Freight Line in a research report on Wednesday, February 11th. Barclays set a $210.00 target price on Old Dominion Freight Line and gave the company an “equal weight” rating in a report on Thursday. The Goldman Sachs Group set a $216.00 price target on shares of Old Dominion Freight Line and gave the company a “neutral” rating in a research report on Thursday. Finally, Truist Financial set a $225.00 target price on Old Dominion Freight Line in a research report on Thursday, February 5th. Eight investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.