Diversify Advisory Services LLC Invests $627,000 in Old Dominion Freight Line, Inc. $ODFL

Posted by George Bondi on Aug 21st, 2026

Diversify Advisory Services LLC acquired a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,765 shares of the transportation company’s stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ODFL. Wealthfront Advisers LLC bought a new position in Old Dominion Freight Line in the 2nd quarter worth $7,487,000. Meeder Advisory Services Inc. acquired a new position in Old Dominion Freight Line during the 2nd quarter worth $817,000. Citizens Financial Group Inc. RI bought a new stake in Old Dominion Freight Line during the second quarter valued at about $825,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in Old Dominion Freight Line during the second quarter valued at about $406,000. Finally, Cornerstone Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the second quarter valued at about $11,493,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $204.52 on Friday. The firm has a 50-day simple moving average of $220.99 and a 200 day simple moving average of $210.48. Old Dominion Freight Line, Inc. has a twelve month low of $126.01 and a twelve month high of $252.03. The stock has a market cap of $42.41 billion, a PE ratio of 39.41, a PEG ratio of 3.56 and a beta of 1.18.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.14. Old Dominion Freight Line had a return on equity of 24.87% and a net margin of 19.44%.The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business earned $1.27 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts forecast that Old Dominion Freight Line, Inc. will post 5.78 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 22.35%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ODFL. Barclays lifted their price objective on Old Dominion Freight Line from $210.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. UBS Group reaffirmed a “neutral” rating and issued a $228.00 target price (up from $224.00) on shares of Old Dominion Freight Line in a report on Thursday, July 30th. TD Cowen reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, June 3rd. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a report on Thursday, June 4th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $227.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $226.55.

View Our Latest Stock Analysis on ODFL

About Old Dominion Freight Line

(Free Report)

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.