iA Global Asset Management Inc. Reduces Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Market Beat
2025.08.07 11:23
portai
I'm PortAI, I can summarize articles.

iA Global Asset Management Inc. has reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 21.7% in Q1, now holding 23,396 shares valued at $3.87 million. Other institutional investors have also adjusted their positions. Analysts have mixed ratings on ODFL, with an average target price of $167.62. The stock opened at $147.15, with a 1-year range of $141.73 to $233.26. Old Dominion reported Q2 earnings of $1.27 per share, slightly below estimates, with revenue down 6.1% year-over-year.

iA Global Asset Management Inc. decreased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,396 shares of the transportation company's stock after selling 6,495 shares during the period. iA Global Asset Management Inc.'s holdings in Old Dominion Freight Line were worth $3,871,000 as of its most recent SEC filing.

  • 3 Trucking Stocks Getting Big Analyst Upgrades Now

Several other institutional investors have also bought and sold shares of ODFL. Lido Advisors LLC increased its holdings in shares of Old Dominion Freight Line by 3.2% in the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock worth $340,000 after purchasing an additional 59 shares during the period. Integrated Wealth Concepts LLC boosted its position in Old Dominion Freight Line by 1.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock valued at $799,000 after buying an additional 63 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Old Dominion Freight Line by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 2,297 shares of the transportation company's stock worth $405,000 after purchasing an additional 67 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Old Dominion Freight Line by 4.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company's stock worth $268,000 after purchasing an additional 71 shares during the period. Finally, City Holding Co. boosted its holdings in shares of Old Dominion Freight Line by 1.1% during the first quarter. City Holding Co. now owns 7,104 shares of the transportation company's stock worth $1,175,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 77.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ODFL shares. JPMorgan Chase & Co. dropped their target price on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Wall Street Zen upgraded shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Jefferies Financial Group dropped their target price on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Raymond James Financial decreased their price target on shares of Old Dominion Freight Line from $180.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Baird R W raised shares of Old Dominion Freight Line to a "hold" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Old Dominion Freight Line has an average rating of "Hold" and an average target price of $167.62.

  • Why Goldman Sachs Suddenly Boosted These 3 Trucking Stocks

View Our Latest Stock Analysis on ODFL

Old Dominion Freight Line Trading Up 1.9%

Shares of ODFL stock opened at $147.15 on Wednesday. Old Dominion Freight Line, Inc. has a 1 year low of $141.73 and a 1 year high of $233.26. The firm has a fifty day moving average price of $161.53 and a 200-day moving average price of $167.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.32. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 3.32 and a beta of 1.24.

  • 3 Quality Stocks Trading Near 52-Week Lows

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.02). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%. The company's quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. As a group, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.12 annualized dividend and a yield of 0.8%. Old Dominion Freight Line's dividend payout ratio is currently 21.88%.

Old Dominion Freight Line Company Profile

(Free Report)

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.

Featured Articles

  • Five stocks we like better than Old Dominion Freight Line
  • Quiet Period Expirations Explained
  • 3 Sector ETFs Catching Fire After Earnings Beats
  • 3 REITs to Buy and Hold for the Long Term
  • Unusual Machines: A Speculation With Tailwinds to Lift Its Price
  • The Significance of Brokerage Rankings in Stock Selection
  • Zebra Technologies: Riding the Automation Wave to Profits

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Old Dominion Freight Line Right Now?

Before you consider Old Dominion Freight Line, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Dominion Freight Line wasn't on the list.

While Old Dominion Freight Line currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Source: Market Beat The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.