Old Dominion Freight Line Shares Plunge 2.95 as Trading Volume Plunges to 441st in Activity Ranking with 50% Drop from Prior Day's Volume

On August 20, 2025, Old Dominion Freight Line (ODFL) closed at $150.46, down 2.95% with a trading volume of 1.136 million shares, significantly lower than its 1.841 million average daily volume. The stock ranked 441st in trading activity among listed companies, with a total value traded of $0.23 billion, a 50.03% decline from the prior day’s volume.

Institutional investors have shown renewed interest in ODFL. Lord Abbett & CO. LLC increased its stake by 49.1% in the first quarter, acquiring 115,332 additional shares to hold 350,126 shares valued at $57.9 million. Other major investors, including Fjarde AP Fonden and E Fund Management Co. Ltd., also raised their holdings by 30.0% and 98.5%, respectively. Institutional ownership now accounts for 77.82% of the stock, indicating strong confidence in the company’s long-term prospects.

Old Dominion announced a quarterly dividend of $0.28 per share, yielding 0.7% annually. The payout ratio of 21.88% suggests a conservative approach to dividend distribution, aligning with the company’s focus on maintaining financial flexibility. Analysts have issued mixed recommendations, with UBS Group lowering its price target to $155 and Truist Financial raising it to $180. The stock currently carries a “Hold” consensus rating, reflecting cautious optimism about its growth trajectory.

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