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Old Dominion Freight Line, Inc. $ODFL Shares Purchased by Strs Ohio
Strs Ohio increased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 26.6% in the 4th quarter, acquiring an additional 26,408 shares to own a total of 125,664 shares valued at $19.7 million. Despite the company reporting a strong Q1 earnings beat with revenue of $1.335 billion and EPS of $1.14 against an expected $1.05, and increasing its quarterly dividend, the stock has faced pressure due to mixed analyst ratings and valuation concerns. Institutional investors now own approximately 77.82% of ODFL, while company insiders sold 80,134 shares, totaling about $15.6 million, in the last quarter.