Old Dominion Freight Line slides as investors weigh volume declines and a softer operating ratio in Q1

Old Dominion Freight Line (ODFL) is down 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the company’s first-quarter results, where revenue and profit fell year over year alongside notable declines in shipments and tonnage. Even with disciplined pricing/yield, investors may have focused on operating leverage working in reverse, as the operating ratio worsened due to overhead deleveraging on lower revenue.

Details:

The company reported Q1 2026 revenue of about $1.335 billion (down 2.9% year over year) and diluted EPS of $1.14 (down 4.2%).

LTL tons per day declined 7.7% year over year, driven by a 7.9% drop in shipments per day, with weight per shipment up 0.3%.

The operating ratio increased to 76.2% from 75.4%, with management citing higher overhead costs as a percent of revenue due to the deleveraging effect of lower sales.

On the earnings call, management discussed early Q2 trends, including April month-to-date revenue per day running higher year over year while tonnage per day remained down, which could reinforce that pricing gains are not yet matched by volume recovery.

Sources:

Old Dominion Freight Line Investor Relations, SEC, AOL

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ODFL Insider Trading Activity

$ODFL insiders have traded $ODFL stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $ODFL stock by insiders over the last 6 months:

DAVID S CONGDON (Executive Chairman) has made 0 purchases and 2 sales selling 52,000 shares for an estimated $10,127,839.
GREG C GANTT sold 12,024 shares for an estimated $2,361,874
BRADLEY R GABOSCH sold 3,134 shares for an estimated $608,842
CHRISTOPHER JAMES KELLEY (SVP - Operations) sold 80 shares for an estimated $16,034

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$ODFL Hedge Fund Activity

We have seen 486 institutional investors add shares of $ODFL stock to their portfolio, and 401 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 5,109,768 shares (+288.4%) to their portfolio in Q4 2025, for an estimated $801,211,622
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,403,605 shares (-78.0%) from their portfolio in Q4 2025, for an estimated $533,685,264
BOSTON PARTNERS added 2,044,434 shares (+98.4%) to their portfolio in Q4 2025, for an estimated $320,567,251
PRICE T ROWE ASSOCIATES INC /MD/ added 1,761,511 shares (+14.1%) to their portfolio in Q4 2025, for an estimated $276,204,924
AMERIPRISE FINANCIAL INC removed 1,246,482 shares (-83.1%) from their portfolio in Q4 2025, for an estimated $195,448,377
LAZARD ASSET MANAGEMENT LLC removed 1,186,192 shares (-57.7%) from their portfolio in Q4 2025, for an estimated $185,994,905
FRANKLIN RESOURCES INC added 1,004,609 shares (+122.9%) to their portfolio in Q4 2025, for an estimated $157,522,691

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$ODFL Analyst Ratings

Wall Street analysts have issued reports on $ODFL in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Baird issued a "Underperform" rating on 02/05/2026
Stifel issued a "Buy" rating on 01/21/2026
Truist Securities issued a "Buy" rating on 01/15/2026
BMO Capital issued a "Outperform" rating on 12/01/2025

To track analyst ratings and price targets for $ODFL, check out Quiver Quantitative's $ODFL forecast page.

$ODFL Price Targets

Multiple analysts have issued price targets for $ODFL recently. We have seen 16 analysts offer price targets for $ODFL in the last 6 months, with a median target of $200.5.

Here are some recent targets:

Daniel Moore from Baird set a target price of $229.0 on 04/28/2026
Stephanie Moore from Jefferies set a target price of $230.0 on 04/22/2026
J. Bruce Chan from Stifel set a target price of $228.0 on 04/16/2026
Christian Wetherbee from Wells Fargo set a target price of $200.0 on 04/07/2026
Jonathan Chappell from Evercore ISI Group set a target price of $201.0 on 03/27/2026
Brian Ossenbeck from JP Morgan set a target price of $182.0 on 03/10/2026
Bascome Majors from Susquehanna set a target price of $205.0 on 02/11/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.