Prime Capital Investment Advisors LLC Reduces Stock Position in Old Dominion Freight Line, Inc. $ODFL

Prime Capital Investment Advisors LLC lessened its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 78.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,015 shares of the transportation company’s stock after selling 28,978 shares during the period. 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Old Dominion Freight Line by 0.4% in the second quarter. Vanguard Group Inc. now owns 22,758,247 shares of the transportation company’s stock worth $3,693,663,000 after acquiring an additional 91,842 shares during the period. JPMorgan Chase & Co. boosted its position in Old Dominion Freight Line by 20.3% in the second quarter. JPMorgan Chase & Co. now owns 2,922,313 shares of the transportation company’s stock worth $474,292,000 after purchasing an additional 492,563 shares during the last quarter. Norges Bank purchased a new position in Old Dominion Freight Line in the second quarter worth about $371,961,000. Lazard Asset Management LLC grew its stake in shares of Old Dominion Freight Line by 11.6% during the 2nd quarter. Lazard Asset Management LLC now owns 1,933,480 shares of the transportation company’s stock valued at $313,802,000 after purchasing an additional 200,681 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Old Dominion Freight Line by 9.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,549,766 shares of the transportation company’s stock valued at $251,046,000 after purchasing an additional 137,068 shares during the last quarter. 77.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ODFL. Benchmark reissued a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, December 3rd. Stifel Nicolaus set a $217.00 price target on shares of Old Dominion Freight Line in a research note on Thursday. Wall Street Zen upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Truist Financial set a $225.00 target price on Old Dominion Freight Line in a research report on Thursday. Finally, Bank of America boosted their price target on Old Dominion Freight Line from $147.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $185.46.

Old Dominion Freight Line Stock Up 0.2%

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

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 4th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $1.23 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. 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. Old Dominion Freight Line’s payout ratio is presently 23.19%.

Old Dominion Freight Line News Summary

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.