<div id="readability-page-1"><p>Corebridge Financial Inc. reduced its holdings in shares of  Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 67,321 shares of the transportation company's stock after selling 2,692 shares during the period. Corebridge Financial Inc.'s holdings in Old Dominion Freight Line were worth $11,138,000 at the end of the most recent quarter.</p><ul><li>3 Trucking Stocks Getting Big Analyst Upgrades Now</li></ul><p>A number of other hedge funds also recently added to or reduced their stakes in ODFL. ICONIQ Capital LLC acquired a new position in shares of  Old Dominion Freight Line in the first quarter worth $295,000.  Quantitative Investment Management LLC purchased a new position in  Old Dominion Freight Line in the first quarter valued at $1,454,000.  Forest Avenue Capital Management LP purchased a new position in  Old Dominion Freight Line in the first quarter valued at $15,536,000.  Smartleaf Asset Management LLC grew its stake in  Old Dominion Freight Line by 21.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,397 shares of the transportation company's stock worth $230,000 after purchasing an additional 247 shares in the last quarter.  Finally, Northwestern Mutual Wealth Management Co. increased its holdings in  Old Dominion Freight Line by 6.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,699 shares of the transportation company's stock worth $447,000 after purchasing an additional 173 shares during the period. 77.82% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities analysts have recently issued reports on ODFL shares. Stephens decreased their price objective on Old Dominion Freight Line from $186.00 to $174.00 and set an &#34;overweight&#34; rating for the company in a research note on Thursday, July 31st. JPMorgan Chase &amp; Co. decreased their price target on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a &#34;neutral&#34; rating for the company in a research note on Tuesday, July 8th. Stifel Nicolaus lowered their price target on shares of Old Dominion Freight Line from $183.00 to $168.00 and set a &#34;buy&#34; rating for the company in a report on Thursday, July 31st. Truist Financial raised their price objective on shares of Old Dominion Freight Line from $175.00 to $180.00 and gave the company a &#34;buy&#34; rating in a report on Monday, June 30th. Finally, Robert W. Baird  set a $148.00 price objective on shares of Old Dominion Freight Line and gave the stock a &#34;neutral&#34; rating in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned  a Hold rating and one  has issued  a Sell rating to the company. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of &#34;Hold&#34; and an average price target of $167.62.</p><ul><li>Why Goldman Sachs Suddenly Boosted These 3 Trucking Stocks</li></ul><p><b>Get Our Latest Analysis on ODFL</b></p><h2>Old Dominion Freight Line Trading Down 0.6%</h2><p>Shares of Old Dominion Freight Line stock opened at $154.48 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $158.38 and a 200-day simple moving average of $163.94. The stock has a market cap of $32.47 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 3.60 and a beta of 1.24. Old Dominion Freight Line, Inc. has a 12-month low of $140.91 and a 12-month high of $233.26. </p><ul><li>3 Quality Stocks Trading Near 52-Week Lows</li></ul><p>Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.02). Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. Old Dominion Freight Line's revenue was down 6.1% compared to the same quarter last year.  On average, equities analysts forecast that  Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year. </p><h2>Old Dominion Freight Line Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Old Dominion Freight Line's payout ratio is 21.88%. </p><h2>Old Dominion Freight Line Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Old Dominion Freight Line</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>As Trump Blocks Clean Energy, What's Next for Renewables?</li><li>What is the Nikkei 225 index?    </li><li>How a Superstore Strategy Fueled MINISO’s 20% Stock Surge</li><li>3 Best Fintech Stocks for a Portfolio Boost</li><li>Analysts Love These 3 Companies Reporting Earnings This Week</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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>Corebridge Financial Inc. reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.8% in Q1, holding 67,321 shares valued at $11.14 million. Other hedge funds also adjusted their positions. Analysts have mixed ratings on ODFL, with a consensus rating of "Hold" and an average price target of $167.62. The stock opened at $154.48, with a market cap of $32.47 billion. Old Dominion reported Q2 earnings of $1.27 EPS, missing estimates, and revenue of $1.41 billion, down 6.1% year-over-year. A quarterly dividend is set for September 17th.</p>

Old Dominion Freight Line, Inc. $ODFL Shares Sold by Corebridge Financial Inc.