Westpac Banking Corp Takes $2.19 Million Position in Old Dominion Freight Line, Inc. $ODFL

Posted by Brenda Bartman on Aug 22nd, 2026

Westpac Banking Corp bought a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 10,134 shares of the transportation company’s stock, valued at approximately $2,195,000.

A number of other large investors also recently added to or reduced their stakes in ODFL. Brighton Jones LLC grew its stake in shares of Old Dominion Freight Line by 5.3% during the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after buying an additional 79 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Old Dominion Freight Line by 134.9% in the 1st quarter. Empowered Funds LLC now owns 10,213 shares of the transportation company’s stock valued at $1,690,000 after acquiring an additional 5,866 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Old Dominion Freight Line in the 2nd quarter valued at about $7,478,000. Jump Financial LLC purchased a new stake in Old Dominion Freight Line during the 2nd quarter valued at about $2,891,000. Finally, AXA S.A. boosted its holdings in Old Dominion Freight Line by 1.2% during the 2nd quarter. AXA S.A. now owns 20,253 shares of the transportation company’s stock valued at $3,287,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 1.0%

Shares of Old Dominion Freight Line stock opened at $206.47 on Friday. Old Dominion Freight Line, Inc. has a 12-month low of $126.01 and a 12-month high of $252.03. The company has a market cap of $42.81 billion, a P/E ratio of 39.78, a PEG ratio of 3.55 and a beta of 1.18. The company’s fifty day simple moving average is $220.21 and its two-hundred day simple moving average is $210.45.

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

Old Dominion Freight Line Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on ODFL shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $227.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, July 30th. Stephens reissued an “overweight” rating and set a $240.00 price objective (up from $232.00) on shares of Old Dominion Freight Line in a research note on Thursday, April 30th. Benchmark reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research note on Thursday, June 4th. UBS Group restated a “neutral” rating and issued a $228.00 price objective (up from $224.00) on shares of Old Dominion Freight Line in a research report on Thursday, July 30th. Finally, Argus upped their price objective on shares of Old Dominion Freight Line from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $226.55.

Get Our Latest Stock Analysis on Old Dominion Freight Line

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.