Wilson Asset Management International PTY Ltd. Takes Position in Old Dominion Freight Line, Inc. $ODFL

Wilson Asset Management International PTY Ltd. purchased a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,596 shares of the transportation company’s stock, valued at approximately $4,307,000. Old Dominion Freight Line accounts for about 1.1% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 29th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. raised its holdings in Old Dominion Freight Line by 42.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,154 shares of the transportation company’s stock worth $866,000 after purchasing an additional 1,843 shares in the last quarter. AdvisorShares Investments LLC increased its position in shares of Old Dominion Freight Line by 20.9% during the third quarter. AdvisorShares Investments LLC now owns 3,500 shares of the transportation company’s stock valued at $493,000 after buying an additional 605 shares during the period. Kinsale Capital Group Inc. raised its stake in Old Dominion Freight Line by 11.5% in the third quarter. Kinsale Capital Group Inc. now owns 39,975 shares of the transportation company’s stock worth $5,628,000 after buying an additional 4,123 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Old Dominion Freight Line by 50.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,577 shares of the transportation company’s stock worth $222,000 after buying an additional 528 shares during the period. Finally, ABN AMRO Bank N.V. bought a new stake in Old Dominion Freight Line during the 3rd quarter valued at approximately $337,000. Institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Susquehanna reissued a “neutral” rating and issued a $170.00 target price on shares of Old Dominion Freight Line in a research report on Monday, January 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of Old Dominion Freight Line in a report on Wednesday. Truist Financial set a $225.00 price objective on Old Dominion Freight Line in a research report on Thursday. Benchmark reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, December 3rd. Finally, BMO Capital Markets raised shares of Old Dominion Freight Line from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $172.00 to $170.00 in a research report on Monday, December 1st. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average target price of $185.46.

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $202.47 on Monday. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $209.61. The firm’s 50-day moving average is $166.70 and its 200 day moving average is $151.57. The stock has a market cap of $42.34 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 10.17 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, February 4th. The transportation company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. Old Dominion Freight Line had a net margin of 18.62% and a return on equity of 24.03%. Old Dominion Freight Line’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.23 EPS. On average, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a $0.29 dividend. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.16 annualized dividend and a yield of 0.6%. Old Dominion Freight Line’s payout ratio is currently 23.19%.

Key Stories Impacting Old Dominion Freight Line

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

• Positive Sentiment: Q4 results modestly beat expectations (EPS $1.09 vs. $1.06) and management set cautious Q1 revenue guidance ($1.25B–$1.30B), signaling the freight market may be stabilizing — investors viewed this as the start of a recovery. Old Dominion Freight Line: Already Trading On A Strong Recovery
• Positive Sentiment: Several analysts raised estimates/price targets after the quarter and called out the beat — the aggregate analyst activity (raises from Jefferies, Evercore, TD Cowen and others) supported upside momentum. Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings
• Positive Sentiment: A large, high-profile price-target upgrade (reported coverage on the Morgan Stanley move) produced an outsized intraday jump earlier in the week, amplifying follow-through buying. Old Dominion Climbs 9.89% as Morgan Stanley Hikes PT
• Neutral Sentiment: Industry commentary and management commentary point to early signs of improvement — “freight market starting to feel a little bit better” — but language remains cautious and recovery is described as early/still uneven. Old Dominion: Freight market ‘starting to feel a little bit better’
• Neutral Sentiment: Mixed analyst activity: Citi reaffirmed neutral with a $216 PT while other shops moved ratings/targets (some to “hold”/“in-line”) — this broad but mixed analyst reaction keeps sentiment balanced rather than uniformly bullish. Citi Reaffirms Neutral
• Negative Sentiment: Revenue declined 5.7% Y/Y and LTL tons per day fell ~10.7% — volume weakness remains the primary headwind and a key reason some analysts trimmed ratings or kept conservative targets. Analyst note on volume declines
• Negative Sentiment: Some sell-side moves are negative: Robert W. Baird downgraded to underperform and other firms (Wells Fargo, JPMorgan in context) left targets below the current share price, creating downside risk if volume recovery stalls. Baird Downgrades Old Dominion
• Negative Sentiment: Regional economic commentary (Old Dominion University forecast) points to slowing local growth, a modest macro risk for freight demand if softening extends. Old Dominion University Economic Forecast

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.