<div id="readability-page-1"><p>Epoch Investment Partners Inc. lowered its position in shares of  Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 273,771 shares of the transportation company's stock after selling 15,133 shares during the quarter. Epoch Investment Partners Inc. owned 0.13% of Old Dominion Freight Line worth $44,433,000 as of its most recent filing with the SEC.</p><ul><li>3 Trucking Stocks Getting Big Analyst Upgrades Now</li></ul><p>Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of  Old Dominion Freight Line by 0.4% during the second quarter. Vanguard Group Inc. now owns 22,758,247 shares of the transportation company's stock worth $3,693,663,000 after acquiring an additional 91,842 shares during the period.  Invesco Ltd. increased its position in  Old Dominion Freight Line by 1.3% during the 1st quarter. Invesco Ltd. now owns 4,272,231 shares of the transportation company's stock worth $706,841,000 after purchasing an additional 53,079 shares during the period.  JPMorgan Chase &amp; Co. increased its position in  Old Dominion Freight Line by 20.3% during the 2nd quarter. JPMorgan Chase &amp; Co. now owns 2,922,313 shares of the transportation company's stock worth $474,292,000 after purchasing an additional 492,563 shares during the period.  T. Rowe Price Investment Management Inc. raised its stake in shares of  Old Dominion Freight Line by 79.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,599,005 shares of the transportation company's stock worth $430,006,000 after buying an additional 1,151,221 shares in the last quarter.  Finally, Norges Bank purchased a new position in shares of  Old Dominion Freight Line during the 2nd quarter worth approximately $371,961,000. Institutional investors and hedge funds own  77.82% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of research analysts recently weighed in on the company. Stephens dropped their price objective on Old Dominion Freight Line from $162.00 to $156.00 and set an &#34;overweight&#34; rating on the stock in a report on Thursday, October 30th. Jefferies Financial Group cut their price target on shares of Old Dominion Freight Line from $160.00 to $155.00 and set a &#34;hold&#34; rating for the company in a report on Thursday, October 9th. Susquehanna boosted their price objective on shares of Old Dominion Freight Line from $155.00 to $156.00 and gave the stock a &#34;neutral&#34; rating in a report on Wednesday, September 10th. BMO Capital Markets raised shares of Old Dominion Freight Line from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and dropped their target price for the company from $172.00 to $170.00 in a report on Monday, December 1st. Finally, Citigroup  reiterated a &#34;buy&#34; rating and set a $170.00 price target (up from $168.00) on shares of Old Dominion Freight Line in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued  a Hold rating and three have issued  a Sell rating to the company. According to data from MarketBeat, Old Dominion Freight Line  has an average rating of &#34;Hold&#34; and an average price target of $156.43.</p><ul><li>Why Goldman Sachs Suddenly Boosted These 3 Trucking Stocks</li></ul><p><b>View Our Latest Report on Old Dominion Freight Line</b></p><h2>Old Dominion Freight Line Price Performance</h2><p>ODFL stock opened at $155.15 on Friday. The stock's 50 day moving average price is $138.34 and its 200 day moving average price is $149.99. The firm has a market cap of $32.44 billion, a P/E ratio of 31.22, a PEG ratio of 4.01 and a beta of 1.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $209.61. </p><ul><li>3 Quality Stocks Trading Near 52-Week Lows</li></ul><p>Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business's revenue for the quarter was down 4.3% compared to the same quarter last year.  On average, sell-side analysts expect that  Old Dominion Freight Line, Inc. will post 5.68 earnings per share 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, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Old Dominion Freight Line's dividend payout ratio  is 22.54%. </p><h2>About Old Dominion Freight Line</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>Recommended Stories</h2><ul><li>Five stocks we like better than Old Dominion Freight Line</li><li>Consumer Discretionary Stocks Explained</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>Growth Stocks: What They Are, What They Are Not</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><strong>Want to see what other hedge funds are holding ODFL?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report).</p><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 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>

ODFL

<p>Epoch Investment Partners Inc. reduced its stake in Old Dominion Freight Line, Inc. by 5.2% in Q2, owning 273,771 shares worth $44.43 million. Other firms like Vanguard, Invesco, and JPMorgan increased their holdings. Analysts have mixed ratings on the stock, with an average 'Hold' rating and a price target of $156.43. Old Dominion reported Q3 earnings of $1.28 per share, beating estimates, but revenue fell 4.3% year-over-year.</p>

Epoch Investment Partners Inc. Lowers Holdings in Old Dominion Freight Line, Inc. $ODFL