Old Dominion Freight Line (NASDAQ:ODFL) Shares Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Old Dominion Freight Line stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL opened at $158.28 on Monday. The business’s 50-day moving average price is $159.88 and its two-hundred day moving average price is $184.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a one year low of $144.90 and a one year high of $233.26. The company has a market capitalization of $33.45 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. Analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Institutional Trading of Old Dominion Freight Line

Hedge funds have recently added to or reduced their stakes in the business. Avanza Fonder AB bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $3,741,000. AustralianSuper Pty Ltd bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $128,221,000. Blueshift Asset Management LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $630,000. Board of the Pension Protection Fund bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $600,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Old Dominion Freight Line by 2.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company’s stock worth $223,281,000 after acquiring an additional 35,778 shares during the period. Institutional investors own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They issued a “buy” rating and a $236.00 target price on the stock. Stephens reiterated an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Old Dominion Freight Line in a research note on Thursday, April 24th. Citigroup upgraded Old Dominion Freight Line from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $186.00 to $183.00 in a research note on Tuesday, April 8th. Stifel Nicolaus decreased their price target on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, UBS Group decreased their price target on Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $183.37.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.