Old Dominion Freight Line, Inc. $ODFL Shares Purchased by Fifth Third Bancorp

Posted by Brian Himes on Jul 16th, 2026

Fifth Third Bancorp grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) by 484.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,218 shares of the transportation company’s stock after purchasing an additional 32,506 shares during the quarter. Fifth Third Bancorp’s holdings in Old Dominion Freight Line were worth $7,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Value Partners Investments Inc. raised its stake in shares of Old Dominion Freight Line by 38.7% during the fourth quarter. Value Partners Investments Inc. now owns 20,103 shares of the transportation company’s stock worth $3,157,000 after purchasing an additional 5,610 shares during the last quarter. Waterfront Wealth Inc. acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $1,430,000. Baillie Gifford & Co. purchased a new position in Old Dominion Freight Line in the 4th quarter valued at $13,322,000. AustralianSuper Pty Ltd increased its stake in Old Dominion Freight Line by 955.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 75,005 shares of the transportation company’s stock valued at $11,761,000 after buying an additional 67,898 shares during the period. Finally, Procyon Advisors LLC acquired a new position in Old Dominion Freight Line in the 4th quarter valued at $1,726,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Down 1.5%

ODFL stock opened at $225.23 on Thursday. The company has a market cap of $46.84 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 4.16 and a beta of 1.18. The stock has a 50-day moving average price of $220.29 and a two-hundred day moving average price of $201.40. Old Dominion Freight Line, Inc. has a 12-month low of $126.01 and a 12-month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.51 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

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

Insider Transactions at Old Dominion Freight Line

In related news, Director Greg C. Gantt sold 22,107 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on ODFL shares. Benchmark reissued a “hold” rating on shares of Old Dominion Freight Line in a report on Thursday, June 4th. 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 report on Thursday, July 9th. TD Cowen reiterated a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, June 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $245.00 target price (up from $235.00) on shares of Old Dominion Freight Line in a report on Monday, July 6th. Finally, Evercore upgraded shares of Old Dominion Freight Line from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Ten analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus target price of $222.00.

View Our Latest Stock Report on Old Dominion Freight Line

Old Dominion Freight Line Company Profile

(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.