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 January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Old Dominion Freight Line stock on January 21st.

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

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/21/2025.

Old Dominion Freight Line Trading Down 2.4 %

NASDAQ ODFL opened at $189.99 on Wednesday. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $40.56 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05. The company’s 50-day simple moving average is $195.44 and its two-hundred day simple moving average is $198.18.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ODFL. Susquehanna reissued a “neutral” rating and set a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. BMO Capital Markets reduced their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Stephens reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Bank of America reduced their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Jefferies Financial Group raised their price target on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and an average target price of $202.44.

Institutional Trading of Old Dominion Freight Line

Several institutional investors have recently bought and sold shares of ODFL. Savant Capital LLC lifted its position in shares of Old Dominion Freight Line by 38.4% during the 4th quarter. Savant Capital LLC now owns 2,365 shares of the transportation company’s stock valued at $417,000 after buying an additional 656 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in Old Dominion Freight Line by 0.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company’s stock worth $1,668,000 after acquiring an additional 62 shares during the period. Stephens Inc. AR lifted its holdings in Old Dominion Freight Line by 11.1% during the fourth quarter. Stephens Inc. AR now owns 8,282 shares of the transportation company’s stock valued at $1,461,000 after purchasing an additional 826 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $1,193,000. Finally, Empowered Funds LLC increased its stake in shares of Old Dominion Freight Line by 22.7% during the fourth quarter. Empowered Funds LLC now owns 4,347 shares of the transportation company’s stock worth $767,000 after purchasing an additional 804 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the sale, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.90% of the company’s stock.

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, 2025. 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 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.