Sumitomo Mitsui Trust Group Inc. Has $85.71 Million Stock Position in Old Dominion Freight Line, Inc. $ODFL

Posted by Brenda Bartman on Jul 11th, 2026

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,635 shares of the transportation company’s stock after selling 55,406 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Old Dominion Freight Line were worth $85,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new stake in shares of Old Dominion Freight Line in the first quarter worth approximately $29,000. Reflection Asset Management purchased a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $28,000. DT Investment Partners LLC increased its stake in Old Dominion Freight Line by 600.0% in the 4th quarter. DT Investment Partners LLC now owns 210 shares of the transportation company’s stock valued at $33,000 after buying an additional 180 shares during the period. DV Equities LLC acquired a new position in Old Dominion Freight Line in the 4th quarter valued at approximately $40,000. Finally, Torren Management LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ODFL shares. BMO Capital Markets reissued an “outperform” rating and set a $230.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, June 4th. Argus upped their price target on shares of Old Dominion Freight Line from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Stifel Nicolaus increased their price objective on Old Dominion Freight Line from $228.00 to $232.00 in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Old Dominion Freight Line in a research report on Tuesday, April 14th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $245.00 price objective (up from $235.00) on shares of Old Dominion Freight Line in a research report on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $220.00.

Check Out Our Latest Research Report on Old Dominion Freight Line

Insider Transactions at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 22,107 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $191.52, for a total transaction of $4,233,932.64. Following the transaction, the director directly owned 88,551 shares of the company’s stock, valued at $16,959,287.52. This represents a 19.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 10.00% of the company’s stock.

Old Dominion Freight Line Price Performance

ODFL traded up $1.78 during midday trading on Friday, hitting $227.63. 2,215,670 shares of the company’s stock traded hands, compared to its average volume of 1,661,880. The company has a market cap of $47.34 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 4.12 and a beta of 1.18. The stock’s fifty day simple moving average is $218.73 and its 200-day simple moving average is $199.62. Old Dominion Freight Line, Inc. has a one year low of $126.01 and a one year high of $252.03.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.05 by $0.09. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts expect that Old Dominion Freight Line, Inc. will post 5.5 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. Old Dominion Freight Line’s payout ratio is presently 24.27%.

About Old Dominion Freight Line

(Free Report)

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.