Russell Investments Trims Old Dominion Freight Line Stake

Transportation company's shares see analyst price target increases

Mar. 12, 2026 at 10:21am

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Russell Investments Group Ltd. reduced its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 14.1% in the third quarter, according to a recent SEC filing. The firm now owns 250,292 shares of the transportation company's stock, valued at approximately $35.2 million.

Why it matters

Old Dominion Freight Line is a major less-than-truckload (LTL) transportation provider, and changes in institutional ownership can signal shifts in market sentiment around the company's performance and outlook.

The details

Russell Investments sold 41,125 shares of Old Dominion Freight Line during the third quarter. The firm now owns approximately 0.12% of the company's outstanding shares. Several Wall Street analysts have recently increased their price targets for Old Dominion Freight Line, with the stock receiving "Buy" ratings from a majority of brokerages covering the company.

  • Russell Investments filed its Q3 2026 13F report with the SEC on March 12, 2026.

The players

Russell Investments Group Ltd.

A global asset management firm that provides investment and advisory services to institutional and individual clients.

Old Dominion Freight Line, Inc.

A major U.S. less-than-truckload (LTL) transportation company headquartered in Thomasville, North Carolina.

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The takeaway

The reduction in Russell Investments' Old Dominion Freight Line holdings, combined with the recent analyst price target increases, suggests Wall Street sees continued growth potential for the transportation company despite some near-term headwinds.