TD Asset Management Inc Increases Holdings in Old Dominion Freight Line, Inc. $ODFL

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TD Asset Management Inc. significantly increased its stake in Old Dominion Freight Line, Inc. during the third quarter, raising its ownership to 819,704 shares valued at $115.4 million. This increase occurred despite Old Dominion Freight Line reporting a 5.7% year-over-year revenue decline, though the company did beat EPS estimates and raised its quarterly dividend. The stock currently holds a “Hold” consensus rating from analysts, with insider selling observed from key executives.

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