Rep. Rick Larsen Sells Off Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Key Points

• Rep. Rick Larsen sold shares of Old Dominion Freight Line, Inc. on October 6, with the transaction's value ranging between $1,001 and $15,000, as disclosed in a filing on October 16.
• Old Dominion Freight Line recently reported a quarterly earnings miss, with an EPS of $1.27 compared to analyst estimates of $1.29, and a revenue decline of 6.1% year-over-year.
• The company has a market capitalization of $29.01 billion, with current price targets by analysts averaging $163.86 and ratings indicating a consensus of "Hold."

Representative Rick Larsen (D-Washington) recently sold shares of Old Dominion Freight Line, Inc. NASDAQ: ODFL. In a filing disclosed on October 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Old Dominion Freight Line stock on October 6th. The trade occurred in the Representative's "RICHARD R LARSEN IRA" account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoetis NYSE: ZTS on 10/6/2025.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 10/6/2025.
• Purchased $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 10/6/2025.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 10/6/2025.
• Purchased $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 10/6/2025.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $138.04 on Friday. The stock has a market cap of $29.01 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 3.26 and a beta of 1.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. Old Dominion Freight Line, Inc. has a fifty-two week low of $133.69 and a fifty-two week high of $233.26. The firm's 50-day simple moving average is $145.42 and its 200 day simple moving average is $154.75.

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

Old Dominion Freight Line Announces Dividend

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

Hedge Funds Weigh In On Old Dominion Freight Line

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Old Dominion Freight Line in the second quarter worth about $371,961,000. T. Rowe Price Investment Management Inc. grew its position in shares of Old Dominion Freight Line by 79.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,599,005 shares of the transportation company's stock valued at $430,006,000 after acquiring an additional 1,151,221 shares during the period. Nuveen LLC purchased a new stake in shares of Old Dominion Freight Line during the 1st quarter worth approximately $151,107,000. JPMorgan Chase & Co. raised its holdings in shares of Old Dominion Freight Line by 45.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,429,750 shares of the transportation company's stock worth $402,002,000 after purchasing an additional 754,796 shares during the period. Finally, First Trust Advisors LP lifted its stake in Old Dominion Freight Line by 63.8% in the second quarter. First Trust Advisors LP now owns 1,521,054 shares of the transportation company's stock valued at $246,867,000 after purchasing an additional 592,605 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ODFL. Wells Fargo & Company decreased their price target on Old Dominion Freight Line from $160.00 to $145.00 and set an "underweight" rating for the company in a report on Thursday, July 31st. Barclays cut their price objective on shares of Old Dominion Freight Line from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. JPMorgan Chase & Co. lowered their target price on shares of Old Dominion Freight Line from $155.00 to $143.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. TD Cowen cut their price target on shares of Old Dominion Freight Line from $166.00 to $159.00 and set a "hold" rating on the stock in a report on Thursday, July 31st. Finally, Susquehanna upped their price objective on shares of Old Dominion Freight Line from $155.00 to $156.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and an average price target of $163.86.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the 2026 election. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

Old Dominion Freight Line Company Profile

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.

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