TD Waterhouse Canada Inc. Has $206,000 Stock Holdings in Old Dominion Freight Line, Inc. $ODFL

Key Points

• TD Waterhouse Canada reduced its stake in Old Dominion by 89.8% in Q4, selling 11,616 shares and retaining 1,314 shares valued at $206,000.
• Old Dominion slightly beat Q4 estimates with $1.09 EPS versus $1.06 expected, though revenue declined 5.7% year‑over‑year; the company raised its quarterly dividend to $0.29 (annualized $1.16, ~0.5% yield).
• Institutions own about 77.82% of the stock (Vanguard holds ~23.25M shares), while insiders have sold roughly 80,134 shares totaling about $15.64M over the last 90 days.

TD Waterhouse Canada Inc. cut its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 89.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,314 shares of the transportation company's stock after selling 11,616 shares during the period. TD Waterhouse Canada Inc.'s holdings in Old Dominion Freight Line were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Old Dominion Freight Line by 2.2% during the third quarter. Vanguard Group Inc. now owns 23,252,921 shares of the transportation company's stock worth $3,273,546,000 after purchasing an additional 494,674 shares during the period. CIBC Private Wealth Group LLC raised its position in Old Dominion Freight Line by 21.6% during the third quarter. CIBC Private Wealth Group LLC now owns 4,366,843 shares of the transportation company's stock valued at $614,764,000 after buying an additional 776,004 shares during the period. JPMorgan Chase & Co. raised its position in Old Dominion Freight Line by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 3,544,588 shares of the transportation company's stock valued at $499,007,000 after buying an additional 622,275 shares during the period. Boston Partners acquired a new position in Old Dominion Freight Line during the third quarter valued at $292,599,000. Finally, Lazard Asset Management LLC raised its position in Old Dominion Freight Line by 6.2% during the third quarter. Lazard Asset Management LLC now owns 2,054,044 shares of the transportation company's stock valued at $289,168,000 after buying an additional 120,564 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $219.98 on Monday. The business's 50-day moving average price is $199.23 and its two-hundred day moving average price is $171.16. Old Dominion Freight Line, Inc. has a one year low of $126.01 and a one year high of $227.08. The company has a market capitalization of $45.82 billion, a P/E ratio of 45.54, a price-to-earnings-growth ratio of 4.61 and a beta of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The business's quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.13 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.5%. This is an increase 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 is presently 24.02%.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Bradley R. Gabosch sold 3,134 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.27, for a total value of $608,842.18. Following the transaction, the director owned 11,278 shares in the company, valued at $2,190,977.06. The trade was a 21.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Earl E. Congdon sold 25,000 shares of the business's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $196.13, for a total value of $4,903,250.00. Following the completion of the transaction, the insider owned 2,162,113 shares in the company, valued at $424,055,222.69. This trade represents a 1.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 80,134 shares of company stock worth $15,640,132 over the last 90 days. 10.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on ODFL shares. JPMorgan Chase & Co. upped their price target on Old Dominion Freight Line from $182.00 to $183.00 and gave the company a "neutral" rating in a research report on Tuesday, April 7th. Zacks Research raised Old Dominion Freight Line from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 10th. Wolfe Research upped their price target on Old Dominion Freight Line from $183.00 to $185.00 and gave the company an "underperform" rating in a research report on Tuesday, April 7th. Evercore upped their price target on Old Dominion Freight Line from $200.00 to $201.00 in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft lowered Old Dominion Freight Line from a "buy" rating to a "hold" rating and set a $205.00 price target on the stock. in a research report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $196.33.

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.

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