16,953 Shares in Old Dominion Freight Line, Inc. $ODFL Acquired by Peregrine Asset Advisers Inc.

Key Points

• Peregrine Asset Advisers opened a new position in Old Dominion Freight Line, acquiring 16,953 shares in Q4 worth roughly $2.66 million.
• Old Dominion delivered a Q1 beat—revenue $1.335B and EPS $1.14 versus $1.05 estimates—leading to analyst target increases, but the Street consensus remains a Hold with a $203.96 price target.
• Insiders sold about 80,134 shares (~$15.6M) last quarter even as insiders still own 10% and institutional investors control 77.82% of the stock.

Peregrine Asset Advisers Inc. acquired a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,953 shares of the transportation company's stock, valued at approximately $2,658,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its holdings in shares of Old Dominion Freight Line by 4.6% in the fourth quarter. Benjamin Edwards Inc. now owns 4,671 shares of the transportation company's stock worth $732,000 after buying an additional 205 shares during the last quarter. Strs Ohio boosted its holdings in shares of Old Dominion Freight Line by 26.6% in the fourth quarter. Strs Ohio now owns 125,664 shares of the transportation company's stock worth $19,704,000 after buying an additional 26,408 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of Old Dominion Freight Line by 9.9% in the fourth quarter. Horizon Investments LLC now owns 13,601 shares of the transportation company's stock worth $2,133,000 after buying an additional 1,222 shares during the last quarter. One Wealth Advisors LLC boosted its holdings in shares of Old Dominion Freight Line by 59.0% in the fourth quarter. One Wealth Advisors LLC now owns 7,371 shares of the transportation company's stock worth $1,156,000 after buying an additional 2,735 shares during the last quarter. Finally, Nkcfo LLC purchased a new position in shares of Old Dominion Freight Line in the fourth quarter worth approximately $533,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ODFL. Citigroup reissued a "neutral" rating and issued a $225.00 price objective (up from $218.00) on shares of Old Dominion Freight Line in a report on Thursday. Jefferies Financial Group raised their price objective on shares of Old Dominion Freight Line from $210.00 to $230.00 and gave the stock a "hold" rating in a report on Wednesday, April 22nd. Barclays set a $210.00 price target on shares of Old Dominion Freight Line and gave the company an "equal weight" rating in a report on Thursday. The Goldman Sachs Group set a $216.00 target price on shares of Old Dominion Freight Line and gave the stock a "neutral" rating in a report on Thursday. Finally, Stephens reissued an "overweight" rating and issued a $240.00 target price (up from $232.00) on shares of Old Dominion Freight Line in a report on Thursday. Eight analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of "Hold" and a consensus price target of $203.96.

More Old Dominion Freight Line News

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

• Positive Sentiment: Q1 beat: ODFL reported revenue of $1.335B and net income of $238.3M, with EPS above street estimates — a fundamental beat that prompted analyst upside and supports longer-term earnings expectations. Trucking firm Old Dominion beats profit estimates as pricing improves
• Positive Sentiment: Analysts lifted forecasts and targets after the quarter, signaling improved near-term outlook from some shops — this supports upside potential if execution continues. Old Dominion Freight Line Analysts Increase Their Forecasts Following Strong Q1 Earnings
• Positive Sentiment: Macro/industry optimism — some coverage pointed to hopes for an industrial activity rebound fueling demand for freight services, which can be a tailwind if sustained. Old Dominion Freight Line (ODFL) Surged on Optimism Over Industrial Activity Rebound
• Neutral Sentiment: Stifel raised its price target to $232 (largest upside among recent changes), a constructive signal but not a rating change. Stifel adjusts price target on Old Dominion Freight Line to $232 from $228
• Neutral Sentiment: UBS raised its target to $216 but kept a "neutral" rating — modest upside implied, so limited near-term catalyst from that call. UBS adjusts Old Dominion Freight Line price target to $216 from $202; maintains neutral rating
• Neutral Sentiment: Wells Fargo nudged its target to $205 and left an "equal weight" rating — essentially a hold view that tempers upside expectations. Wells Fargo raises price target to $205
• Neutral Sentiment: Analyst commentary flagged valuation risk despite solid fundamentals — a caution that the stock may face volatility until growth/volume trends clear. Old Dominion Freight: Solid Fundamentals, But Valuation Shows Bumpy Roads Ahead
• Negative Sentiment: JPMorgan raised its PT to $197 but kept a neutral rating — that target sits below recent levels and signals downside risk if the market focuses on valuation. JPMorgan raises price target to $197
• Negative Sentiment: Near-term selling appears driven by mixed analyst stances and valuation concerns despite the beat; coverage explaining today's dip highlights profit-taking and re-pricing versus some new, lower-relative targets. Why Old Dominion Freight Line (ODFL) shares are trading lower today

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, insider Earl E. Congdon sold 25,000 shares of the business's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $196.13, for a total transaction of $4,903,250.00. Following the transaction, the insider owned 2,162,113 shares in the company, valued at $424,055,222.69. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman David S. Congdon sold 52,000 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $194.77, for a total transaction of $10,128,040.00. Following the transaction, the chairman owned 712,800 shares in the company, valued at $138,832,056. This trade represents a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 80,134 shares of company stock worth $15,640,132 over the last quarter. Insiders own 10.00% of the company's stock.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $205.81 on Monday. Old Dominion Freight Line, Inc. has a 52-week low of $126.01 and a 52-week high of $233.79. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 4.22 and a beta of 1.17. The firm's fifty day moving average is $201.00 and its 200 day moving average is $173.39.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. The business's revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.31 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, March 4th. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 24.27%.

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.

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