Old Dominion Freight Line (NASDAQ:ODFL) Holdings Cut by Aperio Group LLC

Aperio Group LLC cut its stake in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,589 shares of the transportation company’s stock after selling 2,610 shares during the period. Aperio Group LLC’s holdings in Old Dominion Freight Line were worth $6,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ODFL. Financial Architects Inc acquired a new position in shares of Old Dominion Freight Line during the second quarter worth $120,000. Signaturefd LLC lifted its holdings in shares of Old Dominion Freight Line by 2,308.6% during the second quarter. Signaturefd LLC now owns 843 shares of the transportation company’s stock worth $126,000 after purchasing an additional 808 shares during the period. Gradient Investments LLC acquired a new position in shares of Old Dominion Freight Line during the third quarter worth $137,000. Qube Research & Technologies Ltd acquired a new position in shares of Old Dominion Freight Line during the second quarter worth $145,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Old Dominion Freight Line by 4,831.8% during the second quarter. Captrust Financial Advisors now owns 1,085 shares of the transportation company’s stock worth $162,000 after purchasing an additional 1,063 shares during the period. 73.15% of the stock is currently owned by institutional investors.

ODFL traded up $2.73 during midday trading on Thursday, reaching $129.68. The company had a trading volume of 495,531 shares, compared to its average volume of 724,725. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 0.71 and a beta of 1.41. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 12-month low of $118.73 and a 12-month high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, October 25th. The transportation company reported $2.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Old Dominion Freight Line had a net margin of 16.47% and a return on equity of 22.13%. As a group, sell-side analysts anticipate that Old Dominion Freight Line will post 7.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, December 5th. Old Dominion Freight Line’s dividend payout ratio is presently 11.93%.

Several equities analysts have recently weighed in on the stock. Cowen upped their price objective on shares of Old Dominion Freight Line from $145.00 to $156.00 and gave the company a “market perform” rating in a report on Friday, July 27th. Buckingham Research upped their price objective on shares of Old Dominion Freight Line from $155.00 to $162.00 and gave the company a “neutral” rating in a report on Friday, July 27th. BidaskClub lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Stifel Nicolaus reiterated a “hold” rating on shares of Old Dominion Freight Line in a report on Friday, July 27th. Finally, ValuEngine downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $146.25.

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Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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