Kinsale Capital Group Inc. Boosts Stock Position in Old Dominion Freight Line, Inc. $ODFL

Kinsale Capital Group Inc. raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 11.5% during the third quarter, Holdings Channel.com reports. The fund owned 39,975 shares of the transportation company’s stock after buying an additional 4,123 shares during the period. Kinsale Capital Group Inc.’s holdings in Old Dominion Freight Line were worth $5,628,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ODFL. Vanguard Group Inc. grew its holdings in shares of Old Dominion Freight Line by 0.4% in the second quarter. Vanguard Group Inc. now owns 22,758,247 shares of the transportation company’s stock valued at $3,693,663,000 after purchasing an additional 91,842 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Old Dominion Freight Line by 20.3% in the second quarter. JPMorgan Chase & Co. now owns 2,922,313 shares of the transportation company’s stock worth $474,292,000 after buying an additional 492,563 shares during the period. Norges Bank purchased a new position in Old Dominion Freight Line in the 2nd quarter worth about $371,961,000. Lazard Asset Management LLC increased its holdings in Old Dominion Freight Line by 11.6% during the 2nd quarter. Lazard Asset Management LLC now owns 1,933,480 shares of the transportation company’s stock worth $313,802,000 after purchasing an additional 200,681 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Old Dominion Freight Line by 9.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,549,766 shares of the transportation company’s stock worth $251,046,000 after acquiring an additional 137,068 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Key Old Dominion Freight Line News

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

• Positive Sentiment: Q4 results modestly beat expectations (EPS $1.09 vs. $1.06) and management set cautious Q1 revenue guidance ($1.25B–$1.30B), signaling the freight market may be stabilizing — investors viewed this as the start of a recovery. Old Dominion Freight Line: Already Trading On A Strong Recovery
• Positive Sentiment: Several analysts raised estimates/price targets after the quarter and called out the beat — the aggregate analyst activity (raises from Jefferies, Evercore, TD Cowen and others) supported upside momentum. Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings
• Positive Sentiment: A large, high-profile price-target upgrade (reported coverage on the Morgan Stanley move) produced an outsized intraday jump earlier in the week, amplifying follow-through buying. Old Dominion Climbs 9.89% as Morgan Stanley Hikes PT
• Neutral Sentiment: Industry commentary and management commentary point to early signs of improvement — “freight market starting to feel a little bit better” — but language remains cautious and recovery is described as early/still uneven. Old Dominion: Freight market ‘starting to feel a little bit better’
• Neutral Sentiment: Mixed analyst activity: Citi reaffirmed neutral with a $216 PT while other shops moved ratings/targets (some to “hold”/“in-line”) — this broad but mixed analyst reaction keeps sentiment balanced rather than uniformly bullish. Citi Reaffirms Neutral
• Negative Sentiment: Revenue declined 5.7% Y/Y and LTL tons per day fell ~10.7% — volume weakness remains the primary headwind and a key reason some analysts trimmed ratings or kept conservative targets. Analyst note on volume declines
• Negative Sentiment: Some sell-side moves are negative: Robert W. Baird downgraded to underperform and other firms (Wells Fargo, JPMorgan in context) left targets below the current share price, creating downside risk if volume recovery stalls. Baird Downgrades Old Dominion
• Negative Sentiment: Regional economic commentary (Old Dominion University forecast) points to slowing local growth, a modest macro risk for freight demand if softening extends. Old Dominion University Economic Forecast

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ODFL. Cantor Fitzgerald set a $165.00 target price on Old Dominion Freight Line in a report on Thursday, December 18th. Evercore boosted their target price on shares of Old Dominion Freight Line from $150.00 to $200.00 and gave the stock an “in-line” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and set a $205.00 price objective on the stock. in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating and issued a $195.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday. Finally, Stifel Nicolaus set a $217.00 price objective on Old Dominion Freight Line in a report on Thursday. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $185.46.

Old Dominion Freight Line Price Performance

Shares of ODFL stock opened at $202.47 on Friday. Old Dominion Freight Line, Inc. has a 1-year low of $126.01 and a 1-year high of $209.61. The company has a market cap of $42.34 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 10.20 and a beta of 1.28. The stock has a 50 day simple moving average of $166.70 and a 200-day simple moving average of $151.67.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $1.23 EPS. Old Dominion Freight Line’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a $0.29 dividend. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. Old Dominion Freight Line’s dividend payout ratio is currently 23.19%.

About Old Dominion Freight Line

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.