Inspire Investing LLC Sells 27,231 Shares of Old Dominion Freight Line, Inc. $ODFL

Key Points

• Inspire Investing cut its Old Dominion Freight Line stake by 50.8% in the third quarter, selling 27,231 shares and retaining 26,335 shares worth approximately $4.58 million. Institutional investors collectively own 77.82% of ODFL.
• ODFL recently exceeded quarterly earnings expectations, reporting $1.68 in EPS on $1.55 billion in revenue, while analysts expect $5.86 in full-year EPS. The company also declared a $0.29 quarterly dividend, equivalent to a 0.6% yield.
• Investor sentiment remains mixed: analysts maintain a consensus “Hold” rating with an average $223.48 price target, but concerns include declining freight volumes, elevated valuation, insider selling and higher fuel costs pressuring trucking margins.

Inspire Investing LLC lowered its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 50.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,335 shares of the transportation company's stock after selling 27,231 shares during the period. Inspire Investing LLC's holdings in Old Dominion Freight Line were worth $4,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc bought a new position in Old Dominion Freight Line in the 2nd quarter valued at $25,000. Solstein Capital LLC purchased a new position in shares of Old Dominion Freight Line during the 2nd quarter valued at $26,000. EFG International AG purchased a new position in shares of Old Dominion Freight Line during the 2nd quarter valued at $29,000. Transamerica Financial Advisors LLC bought a new position in shares of Old Dominion Freight Line in the second quarter worth $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased 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 worth $27,000 after purchasing an additional 62 shares during the period. Institutional investors own 77.82% of the company's stock.

Trending Headlines about Old Dominion Freight Line

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

• Positive Sentiment: Old Dominion declared a quarterly dividend of $0.29 per share, payable December 16 to shareholders of record December 2. The payout provides modest income support, although the approximately 0.6% yield is unlikely to be a major stock catalyst. Old Dominion dividend announcement
• Positive Sentiment: Analysts expect strong year-over-year earnings growth in the upcoming report, while Zacks says Old Dominion’s history of earnings beats and current estimate trends could support another upside surprise. Old Dominion earnings estimate analysis
• Neutral Sentiment: Institutional positioning is mixed: 510 investors added shares in the latest quarter, while 448 reduced positions. Several large funds made sizable purchases, but other major holders cut exposure, offering no clear consensus signal.
• Neutral Sentiment: Analyst price targets remain materially above the current trading level, with a reported six-month median target of $234, but recent target reductions suggest expectations are becoming more cautious.
• Negative Sentiment: Investors appear cautious before the October 28 earnings release. August revenue per day increased 12.4%, helped by pricing, but tons per day fell 0.9% and shipments per day declined 2.4%, raising concerns about underlying freight demand. Old Dominion shares and freight signals
• Negative Sentiment: A separate analysis argues that ODFL looks expensive relative to its cash-flow generation, increasing downside risk if earnings or guidance fail to exceed elevated expectations. Old Dominion valuation analysis
• Negative Sentiment: Higher fuel costs are creating a broader competitive disadvantage for trucking companies versus railroads, potentially pressuring operating margins across the freight sector. Railroads and fuel costs

Insider Transactions at Old Dominion Freight Line

In related news, SVP Cecil Overbey, Jr. sold 19,952 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $198.39, for a total value of $3,958,277.28. Following the transaction, the senior vice president owned 22,746 shares of the company's stock, valued at $4,512,578.94. This represents a 46.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.20% of the company's stock.

Old Dominion Freight Line Price Performance

ODFL stock opened at $182.70 on Friday. Old Dominion Freight Line, Inc. has a one year low of $126.01 and a one year high of $252.03. The stock has a market cap of $37.88 billion, a PE ratio of 35.20, a P/E/G ratio of 3.14 and a beta of 1.20. The firm has a 50 day simple moving average of $186.11 and a two-hundred day simple moving average of $207.29.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.14. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. Old Dominion Freight Line had a net margin of 19.44% and a return on equity of 24.87%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 EPS. On average, research analysts expect that Old Dominion Freight Line, Inc. will post 5.86 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, December 2nd will be given a $0.29 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Old Dominion Freight Line's payout ratio is 22.35%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ODFL. Sanford C. Bernstein initiated coverage on Old Dominion Freight Line in a research report on Thursday, September 10th. They issued a "market perform" rating and a $200.00 price objective on the stock. Morgan Stanley restated an "equal weight" rating and set a $245.00 target price (up from $235.00) on shares of Old Dominion Freight Line in a research report on Monday, July 6th. Bank of America reduced their target price on Old Dominion Freight Line from $240.00 to $205.00 in a research report on Friday, September 4th. BMO Capital Markets set a $235.00 target price on Old Dominion Freight Line in a research note on Wednesday, October 7th. Finally, Susquehanna lowered their price target on Old Dominion Freight Line from $232.00 to $202.00 and set a "neutral" rating on the stock in a report on Friday, October 2nd. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $223.48.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a transportation company specializing in less-than-truckload (LTL) freight services. It transports shipments that do not require a full truck, serving business customers across a range of industries with regional, interregional and national freight transportation.

The company's services include pickup and delivery, expedited transportation, container drayage and supply-chain solutions. Old Dominion also provides shipment tracking and other technology-enabled tools designed to support freight visibility and customer logistics management.

Founded in 1934 by Earl Congdon, Old Dominion Freight Line is headquartered in Thomasville, North Carolina.

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