Cibc World Market Inc. Purchases New Position in Old Dominion Freight Line, Inc. $ODFL

Posted by Brian Himes on Aug 27th, 2026

Cibc World Market Inc. purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,739 shares of the transportation company’s stock, valued at approximately $3,409,000.

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

NASDAQ:ODFL opened at $199.43 on Thursday. The firm’s 50-day moving average price is $218.44 and its 200-day moving average price is $210.62. The company has a market capitalization of $41.35 billion, a PE ratio of 38.43, a P/E/G ratio of 3.45 and a beta of 1.18. Old Dominion Freight Line, Inc. has a 1-year low of $126.01 and a 1-year high of $252.03.

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

Old Dominion Freight Line Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 22.35%.

Insider Activity

In other news, SVP Cecil E. Jr. Overbey sold 19,952 shares of Old Dominion Freight Line stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $198.39, for a total transaction of $3,958,277.28. Following the completion of the transaction, the senior vice president directly owned 22,746 shares in the company, valued at approximately $4,512,578.94. This trade represents a 46.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ODFL shares. JPMorgan Chase & Co. lifted their target price on shares of Old Dominion Freight Line from $197.00 to $234.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Wall Street Zen raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Old Dominion Freight Line from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wells Fargo & Company raised Old Dominion Freight Line from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $235.00 to $250.00 in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $244.00 target price on shares of Old Dominion Freight Line in a report on Wednesday, July 29th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and an average target price of $226.55.

Read Our Latest Research 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.