Rep. Marjorie Taylor Greene Purchases Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Old Dominion Freight Line stock on April 3rd.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Old Dominion Freight Line (NASDAQ:ODFL) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of NIKE (NYSE:NKE) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 4/4/2025.

Old Dominion Freight Line Stock Up 11.6 %

Shares of ODFL opened at $165.49 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market cap of $35.17 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company’s 50-day moving average price is $176.54 and its 200 day moving average price is $191.09. Old Dominion Freight Line, Inc. has a 12-month low of $145.79 and a 12-month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. On average, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.28 dividend. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is 18.98%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. American National Bank & Trust bought a new position in shares of Old Dominion Freight Line in the first quarter worth $30,000. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line in the fourth quarter worth $35,000. Itau Unibanco Holding S.A. grew its stake in shares of Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after purchasing an additional 192 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line in the fourth quarter worth $41,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Old Dominion Freight Line during the fourth quarter valued at about $51,000. 77.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ODFL. The Goldman Sachs Group increased their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Citigroup upgraded Old Dominion Freight Line from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $186.00 to $183.00 in a research report on Tuesday. Stephens reaffirmed an “overweight” rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They set a “buy” rating and a $236.00 price target for the company. Finally, UBS Group cut their target price on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $195.75.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2026 election.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.