Principal Financial Group Inc. Reduces Position in Old Dominion Freight Line, Inc. $ODFL

Principal Financial Group Inc. trimmed its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 39.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,959 shares of the transportation company’s stock after selling 170,528 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Old Dominion Freight Line worth $36,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its stake in shares of Old Dominion Freight Line by 0.7% during the second quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock valued at $1,665,000 after acquiring an additional 67 shares during the last quarter. YANKCOM Partnership increased its holdings in Old Dominion Freight Line by 9.1% during the 2nd quarter. YANKCOM Partnership now owns 818 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 68 shares during the period. Legacy Capital Wealth Partners LLC raised its position in Old Dominion Freight Line by 4.4% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 1,674 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 71 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in Old Dominion Freight Line by 0.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 23,468 shares of the transportation company’s stock worth $3,809,000 after buying an additional 72 shares during the period. Finally, STF Management LP lifted its holdings in Old Dominion Freight Line by 2.4% in the 2nd quarter. STF Management LP now owns 3,277 shares of the transportation company’s stock worth $532,000 after buying an additional 77 shares during the period. 77.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ODFL. Wall Street Zen raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Zacks Research lowered shares of Old Dominion Freight Line from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Robert W. Baird lowered shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $166.00 to $204.00 in a research note on Thursday. Rothschild Redb raised shares of Old Dominion Freight Line to a “strong sell” rating in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Old Dominion Freight Line from $150.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $180.67.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $202.14 on Friday. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $209.61. The stock has a market cap of $42.27 billion, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 10.38 and a beta of 1.28. The firm has a 50-day moving average of $165.35 and a 200 day moving average of $151.50.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 4th. The transportation company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Old Dominion Freight Line had a net margin of 18.62% and a return on equity of 24.03%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. Research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.28. Old Dominion Freight Line’s payout ratio is presently 22.54%.

Trending Headlines about Old Dominion Freight Line

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

• Positive Sentiment: Q4 earnings and metrics beat expectations (EPS $1.09 vs $1.06; revenue $1.31B) and Old Dominion highlighted pricing power; the company also raised the quarterly dividend to $0.29 — supportive for the stock. Earnings beat and dividend
• Positive Sentiment: Several analysts raised price targets after the quarter and at least one large bank (Morgan Stanley) materially boosted its target, helping drive intraday gains and positive momentum. Morgan Stanley hikes PT Analyst boosts
• Neutral Sentiment: Analyst updates are mixed in tone — many firms raised price targets but left ratings as Hold/Neutral or Underweight, so the net sell‑side view is heterogeneous. Analyst note summary
• Neutral Sentiment: Macro/regional context: local economic headwinds in Virginia and slower growth forecasts for Hampton Roads could temper demand recovery in ODFL’s operating footprint. Regional economic outlook
• Negative Sentiment: Volume and revenue weakness: revenue fell ~5.7% Y/Y and LTL tons per day dropped ~10.7% Y/Y; management gave a cautious Q1 revenue target of $1.25B–$1.30B — headwinds for growth expectations. Q1 guidance and volume weakness
• Negative Sentiment: Some sell‑side actions were bearish or downgraded despite higher targets (e.g., Baird moved to Underperform; Wells Fargo maintained an Underweight) — adds downside-risk narratives for more cautious investors. Baird downgrade

Old Dominion Freight Line Company 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.