OMERS ADMINISTRATION Corp Buys 2,946 Shares of Old Dominion Freight Line, Inc. $ODFL

OMERS ADMINISTRATION Corp increased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 42.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,956 shares of the transportation company’s stock after purchasing 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.

A number of other institutional investors also recently added to or reduced their stakes in ODFL. Baillie Gifford & Co. acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $13,322,000. Waterfront Wealth Inc. acquired a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $1,430,000. AustralianSuper Pty Ltd boosted 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 worth $11,761,000 after purchasing an additional 67,898 shares in the last quarter. Summitry LLC grew its position in Old Dominion Freight Line by 5.4% during the 4th quarter. Summitry LLC now owns 218,175 shares of the transportation company’s stock worth $34,210,000 after purchasing an additional 11,223 shares during the last quarter. Finally, Partners Group Holding AG grew its position in Old Dominion Freight Line by 37.0% during the 4th quarter. Partners Group Holding AG now owns 194,631 shares of the transportation company’s stock worth $30,518,000 after purchasing an additional 52,514 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $222.79 on Thursday. The stock has a market cap of $46.33 billion, a PE ratio of 46.61, a price-to-earnings-growth ratio of 4.08 and a beta of 1.18. The firm has a fifty day moving average price of $226.64 and a 200 day moving average price of $206.26. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $252.03.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results 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 analyst estimates of $1.54 billion. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 earnings per share. As a group, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.56 EPS for the current year.

Old Dominion Freight Line Announces Dividend

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

Wall Street Analyst Weigh In

ODFL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Old Dominion Freight Line from $197.00 to $234.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. TD Cowen restated a “hold” rating on shares of Old Dominion Freight Line in a research note on Wednesday, June 3rd. Benchmark reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research report on Thursday, June 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $244.00 price target on shares of Old Dominion Freight Line in a research note on Wednesday. Finally, Rothschild & Co Redburn reduced their price objective on Old Dominion Freight Line from $176.00 to $172.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and an average target price of $223.43.

Key Headlines Impacting Old Dominion Freight Line

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

In related news, Director Greg C. Gantt sold 22,107 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $191.52, for a total transaction of $4,233,932.64. Following the sale, the director directly owned 88,551 shares of the company’s stock, valued at $16,959,287.52. This trade represents a 19.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is currently owned by company insiders.

About Old Dominion Freight Line

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.