BlackRock Amends Old Dominion Freight Line Stake on Dec 31, 2023
Ticker: ODFL · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
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'.
From the Filing
EDGAR Filing Documents for 0001086364-24-003697 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003697 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:24 Documents 1 Document Format Files Seq Description Document Type Size 1 us6795801009_012524.txt SC 13G/A 12051 Complete submission text file 0001086364-24-003697.txt 13958 Mailing Address 500 OLD DOMINION WAY THOMASVILLE NC 27360 Business Address 500 OLD DOMINION WAY THOMASVILLE NC 27360 3368895000 OLD DOMINION FREIGHT LINE, INC. (Subject) CIK : 0000878927 (see all company filings) EIN. : 560751714 | State of Incorp.: VA | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-43352 | Film No.: 24562940 SIC : 4213 Trucking (No Local) (CF Office: 01 Energy & Transportation) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)