Equitable Holdings Inc. Makes New Investment in Old Dominion Freight Line, Inc. $ODFL

Posted by George Bondi on Aug 30th, 2026

Equitable Holdings Inc. bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,084 shares of the transportation company’s stock, valued at approximately $885,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bell Investment Advisors Inc bought a new position in Old Dominion Freight Line during the second quarter valued at $25,000. Solstein Capital LLC purchased a new stake in Old Dominion Freight Line in the second quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Old Dominion Freight Line by 80.5% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the transportation company’s stock valued at $27,000 after buying an additional 62 shares during the period. Reflection Asset Management bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at $28,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Old Dominion Freight Line during the 1st quarter valued at $29,000. 77.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ODFL has been the subject of several research reports. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a research note on Thursday, June 4th. Wall Street Zen cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore reaffirmed an “outperform” rating and set a $243.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $230.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, June 4th. Finally, Susquehanna increased their target price on shares of Old Dominion Freight Line from $224.00 to $228.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $226.55.

Read Our Latest Research Report on ODFL

Insider Buying and Selling

In other news, SVP Cecil E. Jr. Overbey sold 19,952 shares of the business’s stock in a transaction 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 $4,512,578.94. The trade was a 46.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.20% of the stock is currently owned by insiders.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL opened at $198.63 on Friday. The business’s fifty day moving average is $217.58 and its 200 day moving average is $210.52. The firm has a market cap of $41.19 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 3.45 and a beta of 1.18. Old Dominion Freight Line, Inc. has a 52-week low of $126.01 and a 52-week high of $252.03.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company earned $1.27 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Equities 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 company also recently declared 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. 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 dividend payout ratio (DPR) is presently 22.35%.

Old Dominion Freight Line Company Profile

(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.