<div id="readability-page-1"><p><span>Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report)</span> had its price objective reduced by equities research analysts at Rothschild &amp; Co Redburn  from $176.00 to $172.00 in a report released on Tuesday,MarketScreener reports. The brokerage currently has a &#34;sell&#34; rating on the transportation company's stock. Rothschild &amp; Co Redburn's price objective would suggest a potential downside of 11.66% from the stock's previous close.</p><ul><li>3 Trucking Stocks Getting Big Analyst Upgrades Now</li></ul><p>Other research analysts also recently issued research reports about the stock. Raymond James Financial  reaffirmed an &#34;outperform&#34; rating and issued a $224.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, April 30th. Stifel Nicolaus upped their target price on shares of Old Dominion Freight Line from $228.00 to $232.00 in a research note on Thursday, April 30th. Susquehanna  reaffirmed a &#34;neutral&#34; rating and set a $205.00 price target (up from $185.00) on shares of Old Dominion Freight Line in a research note on Wednesday, February 11th. Zacks Research upgraded Old Dominion Freight Line from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, February 10th. Finally, Truist Financial  set a $225.00 price objective on Old Dominion Freight Line in a research note on Thursday, February 5th. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued  a Hold rating and two have assigned  a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Hold&#34; and an average price target of $206.29.</p><p><b>Read Our Latest Analysis on Old Dominion Freight Line</b></p><h2>Old Dominion Freight Line Stock Down 0.2%</h2><ul><li>Why Goldman Sachs Suddenly Boosted These 3 Trucking Stocks</li></ul><p>Shares of NASDAQ:ODFL opened at $194.70 on Tuesday. The stock has a market capitalization of $40.49 billion, a P/E ratio of 41.17, a PEG ratio of 4.06 and a beta of 1.17. Old Dominion Freight Line has a 52 week low of $126.01 and a 52 week high of $233.79. The firm has a fifty day simple moving average of $201.12 and a two-hundred day simple moving average of $175.45. </p><p>Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $1.19 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis.  On average, analysts expect that  Old Dominion Freight Line will post 5.32 earnings per share for the current year. </p><h2>Insider Activity at Old Dominion Freight Line</h2><ul><li>3 Quality Stocks Trading Near 52-Week Lows</li></ul><p>In other Old Dominion Freight Line news, insider Earl E. Congdon sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $196.13, for a total transaction of $4,903,250.00. Following the sale, the insider directly owned 2,162,113 shares in the company, valued at $424,055,222.69. This represents a 1.14% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this link. Also, Director Greg C. Gantt sold 22,107 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $191.52, for a total value of $4,233,932.64. Following the sale, the director directly owned 88,551 shares in the company, valued at $16,959,287.52. This represents a 19.98% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 102,241 shares of company stock valued at $19,874,065. 10.00% of the stock is owned by insiders. </p><h2>Institutional Trading of Old Dominion Freight Line</h2><p>A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of  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 buying an additional 62 shares during the last quarter.  Evolution Wealth Management Inc. acquired a new stake in shares of  Old Dominion Freight Line during the first quarter worth about $29,000.  Reflection Asset Management purchased a new stake in shares of  Old Dominion Freight Line in the 4th quarter valued at about $28,000.  Westside Investment Management Inc. boosted its position in shares of  Old Dominion Freight Line by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company's stock valued at $27,000 after purchasing an additional 98 shares during the period.  Finally, Cassaday &amp; Co Wealth Management LLC acquired a new stake in shares of  Old Dominion Freight Line in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own  77.82% of the company's stock. </p><h2>About Old Dominion Freight Line</h2> (Get Free Report)<p>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.  </p><p>The company's core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.</p><h2>Read More</h2><ul><li>Five stocks we like better than Old Dominion Freight Line</li><li>AI Demand Fuels Strong Q1 Earnings for Constellation Energy</li><li>Sony's $4 Billion Bet on Rock &amp; Roll Royalties</li><li>Ubiquiti’s Uptrend Can Continue, But Don’t Rush to Buy It</li><li>TMC Forges a New EV Supply Chain at the Bottom of the Sea</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T0RGTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T0RGTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Old Dominion Freight Line Right Now?</h2><p>Before you consider Old Dominion Freight Line, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Dominion Freight Line wasn't on the list.</p><p>While Old Dominion Freight Line currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Rothschild & Co Redburn has lowered its price target for Old Dominion Freight Line (NASDAQ:ODFL) from $176.00 to $172.00, maintaining a "sell" rating. This suggests a potential downside of 11.66% from the stock's previous close. Other analysts have varied opinions, with some maintaining higher price targets. Currently, the stock has a consensus rating of "Hold" and an average price target of $206.29. Old Dominion Freight Line's stock opened at $194.70, with a market cap of $40.49 billion and a P/E ratio of 41.17.</p>

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Old Dominion Freight

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Proshares Supply Chain Logistics ETF

First Trust NasdaqTransport

Direxion Transport Bull 3X

Raymond James Financial

Stifel Financial

Truist Financial

Goldman Sachs

Wealth Management Inc

RAYMOND JAMES FINANCIAL INC 6.375%DEP SHS REP 1/40TH FXD FLTG SER B

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

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Rothschild & Co Redburn Has Lowered Expectations for Old Dominion Freight Line (NASDAQ:ODFL) Stock Price