BlackRock Amends Old Dominion Freight Line Stake on Dec 31, 2023
Ticker: ODFL · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 878927
| Field | Detail |
|---|---|
| Company | Old Dominion Freight Line, INC. (ODFL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Old Dominion Freight Line as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Old Dominion Freight Line, Inc. common stock as of December 31, 2023. This filing, an Amendment No. 8, updates their previous disclosures regarding their passive investment in the trucking company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Old Dominion Freight Line, Inc., providing transparency on a significant institutional investor's stake, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in Old Dominion Freight Line, Inc. as of year-end 2023, but this filing alone doesn't suggest an immediate buy or sell action. It's a data point for understanding institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- OLD DOMINION FREIGHT LINE, INC. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which requires the filing
- January 25, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 8 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 8)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are being reported in this filing?
The securities being reported belong to OLD DOMINION FREIGHT LINE, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OLD DOMINION FREIGHT LINE, INC.' and 'Name of Issuer) OLD DOMINION FREIGHT LINE, INC.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Old Dominion Freight Line, Inc. is 679580100, as listed under 'CUSIP No. 679580100'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding OLD DOMINION FREIGHT LINE, INC. (ODFL).