California State Teachers Retirement System Has $59.12 Million Position in Old Dominion Freight Line, Inc. $ODFL

California State Teachers Retirement System lessened its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.6% during the first quarter, Holdings Channel.com reports. The fund owned 302,558 shares of the transportation company’s stock after selling 8,120 shares during the period. California State Teachers Retirement System’s holdings in Old Dominion Freight Line were worth $59,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Old Dominion Freight Line by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,223,960 shares of the transportation company’s stock valued at $2,230,318,000 after acquiring an additional 1,761,511 shares during the period. State Street Corp increased its position in shares of Old Dominion Freight Line by 0.9% in the fourth quarter. State Street Corp now owns 7,746,286 shares of the transportation company’s stock worth $1,214,618,000 after purchasing an additional 70,736 shares during the period. Boston Partners increased its position in shares of Old Dominion Freight Line by 98.4% in the fourth quarter. Boston Partners now owns 4,122,696 shares of the transportation company’s stock worth $648,186,000 after purchasing an additional 2,044,434 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Old Dominion Freight Line by 11.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,680,719 shares of the transportation company’s stock valued at $577,137,000 after purchasing an additional 365,424 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Old Dominion Freight Line by 23.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,314,157 shares of the transportation company’s stock valued at $519,660,000 after purchasing an additional 639,769 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Greg C. Gantt sold 22,107 shares of Old Dominion Freight Line stock in a transaction that occurred 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 sale, the director directly owned 88,551 shares of the company’s stock, valued at approximately $16,959,287.52. The trade was a 19.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.00% of the company’s stock.

Old Dominion Freight Line Stock Down 4.6%

NASDAQ:ODFL opened at $212.47 on Friday. The stock’s 50-day simple moving average is $226.74 and its 200 day simple moving average is $206.53. The firm has a market capitalization of $44.19 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 4.01 and a beta of 1.18. Old Dominion Freight Line, Inc. has a twelve month low of $126.01 and a twelve month high of $252.03.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.14. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Old Dominion Freight Line had a return on equity of 24.87% and a net margin of 19.44%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 earnings per share. On average, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.58 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently declared 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 2nd. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 24.27%.

Analyst Ratings Changes

ODFL has been the subject of several recent analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, June 3rd. Morgan Stanley restated an “equal weight” rating and issued a $245.00 target price (up from $235.00) on shares of Old Dominion Freight Line in a research report on Monday, July 6th. Citigroup reaffirmed a “neutral” rating and set a $231.00 price target (up from $228.00) on shares of Old Dominion Freight Line in a report on Thursday. Argus increased 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 report on Thursday, June 18th. Finally, Evercore reiterated an “outperform” rating and set a $243.00 price target on shares of Old Dominion Freight Line in a research report on Thursday. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $226.55.

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 EPS of $1.68, above the $1.54 consensus estimate and up from $1.27 a year earlier. Revenue rose 10.4% year over year to $1.55 billion, also exceeding expectations. Old Dominion Freight Line Q2 earnings report
• Positive Sentiment: Higher pricing and yields, cost discipline, operational efficiency and service performance helped offset freight-volume pressure, supporting a 32.3% increase in quarterly earnings. ODFL Q2 earnings beat estimates
• Neutral Sentiment: Despite the results, TD Cowen reiterated a Hold rating and maintained a $233 price target, describing the risk-reward profile as balanced because soft volumes remain a concern. TD Cowen maintains Hold rating and price target
• Negative Sentiment: Freight demand and shipment volumes continued to lag, meaning the earnings improvement relied heavily on pricing and productivity rather than broad-based volume growth. That raises concerns about the durability of growth if market conditions remain weak. Pricing power drives Old Dominion’s Q2 rebound
• Negative Sentiment: With the stock trading at an elevated valuation—approximately 44 times earnings and a PEG ratio above 4—investors may have expected stronger volume trends or a more optimistic outlook. The mixed fundamental picture is contributing to the decline despite the quarterly beat.

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.