Azzad Asset Management Inc. ADV Has $2.10 Million Stake in Old Dominion Freight Line, Inc. $ODFL

Azzad Asset Management Inc. ADV reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 26.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,897 shares of the transportation company’s stock after selling 5,352 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Old Dominion Freight Line were worth $2,097,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ODFL. Financial Gravity Companies Inc. bought a new stake in shares of Old Dominion Freight Line in the second quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Old Dominion Freight Line by 175.7% in 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. lifted its stake 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 acquiring an additional 98 shares in the last quarter. Rossby Financial LCC acquired a new position in Old Dominion Freight Line during the 2nd quarter worth approximately $28,000. Finally, Chilton Capital Management LLC bought a new position in shares of Old Dominion Freight Line during the 2nd quarter worth approximately $47,000. Institutional investors own 77.82% of the company’s stock.

Key Old Dominion Freight Line News

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 Stock Performance

Shares of ODFL stock opened at $202.47 on Monday. Old Dominion Freight Line, Inc. has a 52-week low of $126.01 and a 52-week high of $209.61. 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. The firm’s 50-day moving average is $166.70 and its 200-day moving average is $151.57.

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 for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Old Dominion Freight Line had a return on equity of 24.03% and a net margin of 18.62%.The business’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 earnings per share. Sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.16 annualized dividend and a yield of 0.6%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.28. Old Dominion Freight Line’s payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Bank of America increased their target price on shares of Old Dominion Freight Line from $147.00 to $149.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Susquehanna restated a “neutral” rating and set a $170.00 price objective on shares of Old Dominion Freight Line in a research note on Monday, January 5th. Morgan Stanley restated an “overweight” rating and issued a $209.00 price objective (up previously from $190.00) on shares of Old Dominion Freight Line in a report on Wednesday. Evercore upped their target price on Old Dominion Freight Line from $150.00 to $200.00 and gave the stock an “in-line” rating in a report on Thursday. Finally, UBS Group reissued a “neutral” rating and set a $202.00 price target (up from $164.00) on shares of Old Dominion Freight Line in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $185.46.

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.