Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) has earned an average recommendation of “Hold” from the twenty-six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $203.9583.
ODFL has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of Old Dominion Freight Line from $210.00 to $230.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. UBS Group upped their price objective on Old Dominion Freight Line from $202.00 to $216.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays set a $210.00 target price on Old Dominion Freight Line and gave the stock an “equal weight” rating in a research report on Thursday. Rothschild & Co Redburn lifted their target price on Old Dominion Freight Line from $114.00 to $176.00 and gave the company a “sell” rating in a report on Friday, February 6th. Finally, Benchmark reissued a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, March 4th.
Check Out Our Latest Analysis on ODFL
More Old Dominion Freight Line News
- 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 Transactions at Old Dominion Freight Line
In related news, Chairman David S. Congdon sold 52,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $194.77, for a total transaction of $10,128,040.00. Following the completion of the sale, the chairman owned 712,800 shares of the company’s stock, valued at approximately $138,832,056. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Earl E. Congdon sold 25,000 shares of the firm’s 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 owned 2,162,113 shares in the company, valued at $424,055,222.69. The trade was a 1.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 80,134 shares of company stock worth $15,640,132. 10.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Old Dominion Freight Line
A number of hedge funds have recently made changes to their positions in ODFL. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Old Dominion Freight Line by 175.7% during 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 acquiring an additional 123 shares in the last quarter. Westside Investment Management Inc. increased its holdings 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 purchasing an additional 98 shares in the last quarter. Reflection Asset Management purchased a new position in Old Dominion Freight Line in the fourth quarter valued at about $28,000. Evolution Wealth Management Inc. purchased a new position in Old Dominion Freight Line in the first quarter valued at about $29,000. Finally, DT Investment Partners LLC lifted its stake in shares of Old Dominion Freight Line by 600.0% during the fourth quarter. DT Investment Partners LLC now owns 210 shares of the transportation company’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.
Old Dominion Freight Line Price Performance
Shares of ODFL stock opened at $205.81 on Friday. 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 has a 1-year low of $126.01 and a 1-year high of $233.79. The firm’s 50-day simple moving average is $201.00 and its 200-day simple moving average is $172.87.
Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last released 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. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $1.19 earnings per share. Old Dominion Freight Line’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Old Dominion Freight Line will post 5.18 earnings per share for the current fiscal year.
Old Dominion Freight Line Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders 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 annualized dividend and a dividend 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 is presently 24.27%.
About Old Dominion Freight Line
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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