12 Best Beaten Down Stocks to Buy According to Hedge Funds

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6. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Number of Hedge Fund Holders: 51

52-Week Low: $133.6

Stock Price: $135.43

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is one of the Best Beaten Down Stocks to Buy According to Hedge Funds. On October 14, Raymond James reduced the price target on the company’s stock to $160 from $165, while keeping an “Outperform” rating. As per the firm, upcoming rate cuts might eventually fuel activity, mainly in the auto and housing sectors. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) released certain less-than-truckload (LTL) operating metrics for August 2025. Notably, revenue per day fell by 4.8% compared to August 2024 because of a 9.2% decrease in LTL tons per day, which was partially mitigated by an increase in LTL revenue per hundredweight.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) believes that it is the best-positioned carrier to win profitable market share in the long term. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)’s consistent execution and investment in the network throughout the economic cycle place the company in a unique position to capitalize on an improvement in demand as and when it materializes.

ClearBridge Investments, an investment management company, released its Q3 2025 investor letter. Here is what the fund said:

“We initiated new positions in global insurance broker Marsh & McLennan, and Old Dominion Freight Line, Inc. (NASDAQ:ODFL), a less-than-truckload (LTL) shipping company. Old Dominion Freight Line is a best-in-class industrial company with a pristine balance sheet, strong profitability and fabulous returns. Earnings are currently burdened by a weak volume environment, providing an attractive entry point.”

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