Quantinno Capital Management LP Grows Stock Holdings in Old Dominion Freight Line, Inc. $ODFL

Quantinno Capital Management LP grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 48.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,211 shares of the transportation company’s stock after acquiring an additional 64,835 shares during the period. Quantinno Capital Management LP’s holdings in Old Dominion Freight Line were worth $38,926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Old Dominion Freight Line by 80.5% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 62 shares during the period. Evolution Wealth Management Inc. bought a new position in Old Dominion Freight Line in the first quarter worth approximately $29,000. Reflection Asset Management purchased a new position in Old Dominion Freight Line during the 4th quarter worth $28,000. Cassaday & Co Wealth Management LLC purchased a new position in Old Dominion Freight Line during the 1st quarter worth $39,000. Finally, DT Investment Partners LLC raised its position in Old Dominion Freight Line by 600.0% during the 4th quarter. DT Investment Partners LLC now owns 210 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Insider Transactions at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 22,107 shares of Old Dominion Freight Line stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $191.52, for a total value of $4,233,932.64. Following the transaction, the director owned 88,551 shares in the company, valued at $16,959,287.52. The trade was a 19.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ODFL has been the subject of several research reports. Barclays upped their target price on Old Dominion Freight Line from $210.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Stifel Nicolaus set a $263.00 price objective on Old Dominion Freight Line and gave the company a “buy” rating in a report on Thursday. Wolfe Research upped their price objective on shares of Old Dominion Freight Line from $183.00 to $185.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 7th. Susquehanna increased their target price on shares of Old Dominion Freight Line from $224.00 to $228.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $244.00 target price on shares of Old Dominion Freight Line in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $226.55.

Old Dominion Freight Line Stock Down 4.6%

Old Dominion Freight Line stock opened at $212.47 on Friday. The firm has a market cap of $44.19 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.01 and a beta of 1.18. The business has a fifty day moving average of $226.74 and a two-hundred day moving average of $206.53. Old Dominion Freight Line, Inc. has a twelve month low of $126.01 and a twelve month high of $252.03.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.14. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Old Dominion Freight Line had a return on equity of 24.87% and a net margin of 19.44%.The business’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.27 EPS. Equities analysts expect that Old Dominion Freight Line, Inc. will post 5.58 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.5%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 24.27%.

Key Headlines Impacting Old Dominion Freight Line

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

• Positive Sentiment: Old Dominion reported second-quarter EPS of $1.68, above the $1.54 consensus estimate and up from $1.27 a year earlier. Revenue rose 10.4% year over year to $1.55 billion, also exceeding expectations. Old Dominion Freight Line Q2 earnings report
• Positive Sentiment: Higher pricing and yields, cost discipline, operational efficiency and service performance helped offset freight-volume pressure, supporting a 32.3% increase in quarterly earnings. ODFL Q2 earnings beat estimates
• Neutral Sentiment: Despite the results, TD Cowen reiterated a Hold rating and maintained a $233 price target, describing the risk-reward profile as balanced because soft volumes remain a concern. TD Cowen maintains Hold rating and price target
• Negative Sentiment: Freight demand and shipment volumes continued to lag, meaning the earnings improvement relied heavily on pricing and productivity rather than broad-based volume growth. That raises concerns about the durability of growth if market conditions remain weak. Pricing power drives Old Dominion’s Q2 rebound
• Negative Sentiment: With the stock trading at an elevated valuation—approximately 44 times earnings and a PEG ratio above 4—investors may have expected stronger volume trends or a more optimistic outlook. The mixed fundamental picture is contributing to the decline despite the quarterly beat.

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.