Prime Capital Investment Advisors LLC Sells 28,978 Shares of Old Dominion Freight Line, Inc. $ODFL

Prime Capital Investment Advisors LLC trimmed its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 78.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,015 shares of the transportation company’s stock after selling 28,978 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $1,128,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR boosted its position in shares of Old Dominion Freight Line by 0.7% during the second quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock valued at $1,665,000 after purchasing an additional 67 shares in the last quarter. YANKCOM Partnership lifted its position in Old Dominion Freight Line by 9.1% during the second quarter. YANKCOM Partnership now owns 818 shares of the transportation company’s stock valued at $133,000 after buying an additional 68 shares during the period. Legacy Capital Wealth Partners LLC lifted its position in Old Dominion Freight Line by 4.4% during the second quarter. Legacy Capital Wealth Partners LLC now owns 1,674 shares of the transportation company’s stock valued at $272,000 after buying an additional 71 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of Old Dominion Freight Line by 0.3% during the 2nd quarter. iA Global Asset Management Inc. now owns 23,468 shares of the transportation company’s stock valued at $3,809,000 after buying an additional 72 shares in the last quarter. Finally, STF Management LP grew its position in shares of Old Dominion Freight Line by 2.4% in the 2nd quarter. STF Management LP now owns 3,277 shares of the transportation company’s stock worth $532,000 after buying an additional 77 shares during the period. Institutional investors own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ODFL shares. Bank of America lifted their price target on shares of Old Dominion Freight Line from $147.00 to $149.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. TD Cowen boosted their price target on Old Dominion Freight Line from $167.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday. Stifel Nicolaus set a $217.00 price target on Old Dominion Freight Line in a research note on Thursday. Morgan Stanley reiterated an “overweight” rating and set a $209.00 price objective (up previously from $190.00) on shares of Old Dominion Freight Line in a research note on Wednesday. Finally, Susquehanna reissued a “neutral” rating and issued a $170.00 target price on shares of Old Dominion Freight Line in a report on Monday, January 5th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $185.46.

Trending Headlines about 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 Trading Up 0.2%

Shares of ODFL opened at $202.47 on Monday. The company has a market cap of $42.34 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 10.17 and a beta of 1.28. The business’s fifty day simple moving average is $166.70 and its two-hundred day simple moving average is $151.57. Old Dominion Freight Line, Inc. has a 12 month low of $126.01 and a 12 month high of $209.61.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, February 4th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Old Dominion Freight Line had a return on equity of 24.03% and a net margin of 18.62%.The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 4th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.28. Old Dominion Freight Line’s payout ratio is 23.19%.

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.