Nicholas Investment Partners LP Acquires Shares of 6,589 Old Dominion Freight Line, Inc. $ODFL

Posted by Brenda Bartman on Aug 25th, 2026

Nicholas Investment Partners LP acquired a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,589 shares of the transportation company’s stock, valued at approximately $1,427,000.

Several other hedge funds have also recently modified their holdings of ODFL. Bell Investment Advisors Inc bought a new position in shares of Old Dominion Freight Line during the second quarter worth $25,000. Solstein Capital LLC bought a new stake in Old Dominion Freight Line in the 2nd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Old Dominion Freight Line by 80.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in Old Dominion Freight Line in the 1st quarter worth $29,000. Finally, Reflection Asset Management purchased a new stake in Old Dominion Freight Line in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 2.4%

Shares of NASDAQ:ODFL opened at $201.48 on Tuesday. Old Dominion Freight Line, Inc. has a 52 week low of $126.01 and a 52 week high of $252.03. The stock has a market capitalization of $41.78 billion, a P/E ratio of 38.82, a PEG ratio of 3.59 and a beta of 1.18. The firm has a fifty day simple moving average of $219.49 and a two-hundred day simple moving average of $210.71.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last posted 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. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Old Dominion Freight Line had a net margin of 19.44% and a return on equity of 24.87%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. On average, analysts expect that Old Dominion Freight Line, Inc. will post 5.78 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. Old Dominion Freight Line’s payout ratio is presently 22.35%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ODFL. Stephens restated an “overweight” rating and set a $240.00 price objective (up from $232.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $241.00 target price (up from $224.00) on shares of Old Dominion Freight Line in a research report on Monday, July 13th. Susquehanna increased their price target on Old Dominion Freight Line from $224.00 to $228.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. BMO Capital Markets reissued an “outperform” rating and set a $230.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, June 4th. Finally, Evercore reaffirmed an “outperform” rating and issued a $243.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $226.55.

Check Out Our Latest Report 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.