Andra AP fonden lifted its position in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 23,600 shares of the transportation company’s stock after purchasing an additional 400 shares during the period. Andra AP fonden’s holdings in Old Dominion Freight Line were worth $4,011,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Quantamental Technologies LLC raised its position in shares of Old Dominion Freight Line by 155.2% during the second quarter. Quantamental Technologies LLC now owns 171 shares of the transportation company’s stock worth $26,000 after purchasing an additional 104 shares during the period. CSat Investment Advisory L.P. bought a new stake in Old Dominion Freight Line during the second quarter worth $28,000. Cerebellum GP LLC bought a new stake in Old Dominion Freight Line during the third quarter worth $38,000. Steward Partners Investment Advisory LLC grew its holdings in Old Dominion Freight Line by 59.4% during the third quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the transportation company’s stock worth $38,000 after buying an additional 85 shares in the last quarter. Finally, Kavar Capital Partners LLC bought a new stake in Old Dominion Freight Line during the second quarter worth $45,000. 75.35% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. Stephens set a $203.00 price target on Old Dominion Freight Line and gave the stock a “buy” rating in a report on Friday, October 25th. BidaskClub downgraded Old Dominion Freight Line from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Citigroup set a $185.00 price target on Old Dominion Freight Line and gave the stock a “hold” rating in a report on Friday, October 25th. Morgan Stanley set a $146.00 price target on Old Dominion Freight Line and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Bank of America downgraded Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and set a $166.00 price objective for the company. in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $167.33.
Shares of NASDAQ:ODFL opened at $191.59 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market capitalization of $15.61 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.08 and a beta of 1.53. Old Dominion Freight Line has a 1 year low of $115.00 and a 1 year high of $197.25. The business has a fifty day moving average price of $186.58 and a two-hundred day moving average price of $163.28.
Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.06). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. Old Dominion Freight Line had a return on equity of 22.62% and a net margin of 15.29%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS. Sell-side analysts anticipate that Old Dominion Freight Line will post 7.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.68 annualized dividend and a dividend yield of 0.35%. Old Dominion Freight Line’s payout ratio is 9.21%.
In related news, Chairman Earl E. Congdon sold 23,500 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $181.94, for a total transaction of $4,275,590.00. Following the sale, the chairman now owns 10,854 shares of the company’s stock, valued at approximately $1,974,776.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.90% of the company’s stock.
Old Dominion Freight Line 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 expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.
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