Principal Financial Group Inc. Reduces Position in Old Dominion Freight Line, Inc. $ODFL

NodeGuardian · 2026-02-06T15:06:54+00:00

Principal Financial Group Inc. cut its Old Dominion Freight Line stake by 39.7%. Despite strong Q4 earnings and a raised dividend, the company experienced revenue decline and lower LTL tons, resulting in mixed analyst outlooks with a "Hold" consensus.

NodeGuardian

2026-02-06 15:06:54

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Principal Financial Group Inc. reduced its stake in Old Dominion Freight Line, Inc. by 39.7% in Q3, selling over 170,000 shares. Despite this reduction, Old Dominion Freight Line reported strong Q4 EPS, beating analyst expectations, and increased its quarterly dividend. However, the company faced a year-over-year revenue decrease and a drop in LTL tons per day, leading to mixed analyst sentiment with a consensus “Hold” rating.

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