OMERS ADMINISTRATION Corp Raises Stock Holdings in Old Dominion Freight Line, Inc. $ODFL

OMERS ADMINISTRATION Corp grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 42.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,956 shares of the transportation company’s stock after acquiring an additional 2,946 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Old Dominion Freight Line were worth $1,945,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Old Dominion Freight Line by 2.6% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 3,646 shares of the transportation company’s stock valued at $712,000 after buying an additional 91 shares during the period. Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Old Dominion Freight Line in the first quarter worth $394,000. Waverly Advisors LLC grew its holdings in shares of Old Dominion Freight Line by 8.6% in the first quarter. Waverly Advisors LLC now owns 14,110 shares of the transportation company’s stock worth $2,757,000 after acquiring an additional 1,112 shares during the period. Compound Planning Inc. increased its position in Old Dominion Freight Line by 49.6% during the first quarter. Compound Planning Inc. now owns 2,438 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 808 shares during the last quarter. Finally, Gibbs Wealth Management boosted its position in Old Dominion Freight Line by 21.4% in the first quarter. Gibbs Wealth Management now owns 3,699 shares of the transportation company’s stock worth $723,000 after purchasing an additional 651 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Down 1.5%

NASDAQ ODFL opened at $222.79 on Thursday. Old Dominion Freight Line, Inc. has a 52 week low of $126.01 and a 52 week high of $252.03. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 4.08 and a beta of 1.18. The company has a fifty day moving average of $226.64 and a two-hundred day moving average of $206.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.54 by $0.14. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.Old Dominion Freight Line’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 EPS. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.56 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.5%. Old Dominion Freight Line’s payout ratio is 24.27%.

Old Dominion Freight Line News Summary

Here are the key news stories impacting Old Dominion Freight Line this week:

• Positive Sentiment: Old Dominion reported second-quarter earnings of $1.68 per share, exceeding the $1.53 analyst consensus and rising from $1.27 a year earlier. Revenue increased 10.4% year over year to $1.55 billion, slightly above the $1.54 billion estimate. Old Dominion Freight Line Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher yields and pricing power, along with cost discipline and operational efficiency, drove the earnings beat and helped support an 18.46% net margin. Reports characterized the quarter as a rebound, with revenue and earnings reaching records. Pricing Power Drives Old Dominion’s Q2 Rebound
• Neutral Sentiment: Management’s earnings call highlighted strong service performance and pricing gains, but investors are also monitoring the balance between yield improvement and the broader freight market’s recovery. Old Dominion Freight Line Q2 2026 Earnings Call Highlights
• Negative Sentiment: Freight volumes remained under pressure, meaning the quarter’s growth depended heavily on pricing and yield rather than stronger shipment demand. That may be limiting enthusiasm despite the earnings beat. ODFL Q2 Earnings Beat Estimates on Yield and Cost Discipline
• Negative Sentiment: At roughly 46.6 times earnings and a PEG ratio near 4.1, ODFL carries a premium valuation. Investors may therefore expect sustained volume growth, making the stock more sensitive to signs of soft demand.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 22,107 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $191.52, for a total value of $4,233,932.64. Following the completion of the sale, the director directly owned 88,551 shares in the company, valued at approximately $16,959,287.52. This represents a 19.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

ODFL has been the subject of several research reports. Wolfe Research upped their price target on shares of Old Dominion Freight Line from $183.00 to $185.00 and gave the company an “underperform” rating in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Old Dominion Freight Line in a research note on Friday, July 10th. UBS Group raised their target price on shares of Old Dominion Freight Line from $216.00 to $224.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Morgan Stanley reissued an “equal weight” rating and issued a $245.00 price target (up from $235.00) on shares of Old Dominion Freight Line in a report on Monday, July 6th. Finally, Citigroup raised Old Dominion Freight Line from a “sell” rating to a “neutral” rating and set a $228.00 price objective on the stock in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $223.43.

Old Dominion Freight Line Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.