Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) by 14.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 19,448 shares of the transportation company’s stock after selling 3,288 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Old Dominion Freight Line were worth $7,957,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. First Capital Advisors Group LLC. purchased a new stake in Old Dominion Freight Line during the second quarter worth approximately $35,000. State of Wyoming purchased a new stake in Old Dominion Freight Line during the second quarter worth approximately $42,000. Harbour Investments Inc. lifted its stake in Old Dominion Freight Line by 184.4% during the first quarter. Harbour Investments Inc. now owns 128 shares of the transportation company’s stock worth $44,000 after purchasing an additional 83 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in Old Dominion Freight Line during the second quarter worth approximately $47,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Old Dominion Freight Line by 200.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 150 shares of the transportation company’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup decreased their target price on Old Dominion Freight Line from $450.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Stifel Nicolaus lifted their price target on Old Dominion Freight Line from $416.00 to $434.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Wells Fargo & Company cut their price target on Old Dominion Freight Line from $505.00 to $435.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Deutsche Bank Aktiengesellschaft lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating and cut their price target for the stock from $475.00 to $386.00 in a research report on Monday, November 27th. Finally, Barclays cut their price target on Old Dominion Freight Line from $410.00 to $385.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Moderate Buy” and an average price target of $422.20.

Get Our Latest Stock Report on ODFL

Old Dominion Freight Line Trading Up 0.0 %

NASDAQ:ODFL opened at $435.33 on Monday. The stock’s 50 day simple moving average is $397.01 and its 200-day simple moving average is $402.42. Old Dominion Freight Line, Inc. has a 12-month low of $295.80 and a 12-month high of $448.45. The firm has a market cap of $47.50 billion, a P/E ratio of 38.66, a PEG ratio of 3.02 and a beta of 1.02. The company has a current ratio of 2.10, a quick ratio of 1.73 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFLGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The transportation company reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.08. Old Dominion Freight Line had a return on equity of 31.18% and a net margin of 21.13%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company posted $2.92 earnings per share. Old Dominion Freight Line’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts anticipate that Old Dominion Freight Line, Inc. will post 12.91 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, March 5th. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.40. Old Dominion Freight Line’s dividend payout ratio is currently 14.21%.

About Old Dominion Freight Line

(Free Report)

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.

See Also

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

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