Kestra Private Wealth Services LLC Boosts Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Kestra Private Wealth Services LLC raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,644 shares of the transportation company’s stock after purchasing an additional 39 shares during the period. Kestra Private Wealth Services LLC’s holdings in Old Dominion Freight Line were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Capital Advisors Group LLC. purchased a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth approximately $35,000. State of Wyoming purchased a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth approximately $42,000. Harbour Investments Inc. grew its stake in shares of Old Dominion Freight Line by 184.4% in the 1st quarter. Harbour Investments Inc. now owns 128 shares of the transportation company’s stock worth $44,000 after buying an additional 83 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Old Dominion Freight Line by 275.8% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 124 shares of the transportation company’s stock worth $46,000 after buying an additional 91 shares during the last quarter. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth approximately $47,000. Institutional investors own 72.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ODFL. Raymond James cut their target price on Old Dominion Freight Line from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, December 11th. Wells Fargo & Company lowered their price target on Old Dominion Freight Line from $505.00 to $435.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Deutsche Bank Aktiengesellschaft cut Old Dominion Freight Line from a “buy” rating to a “hold” rating and lowered their price target for the company from $475.00 to $386.00 in a report on Monday, November 27th. Stifel Nicolaus increased their price target on Old Dominion Freight Line from $416.00 to $434.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Citigroup decreased their target price on Old Dominion Freight Line from $450.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Moderate Buy” and an average target price of $412.79.

View Our Latest Analysis on Old Dominion Freight Line

Old Dominion Freight Line Price Performance

ODFL opened at $425.55 on Wednesday. The company has a fifty day simple moving average of $394.52 and a 200 day simple moving average of $401.74. The firm has a market cap of $46.43 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 2.88 and a beta of 1.02. Old Dominion Freight Line, Inc. has a twelve month low of $295.80 and a twelve month high of $438.05. 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 the consensus estimate of $2.86 by $0.08. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Old Dominion Freight Line had a net margin of 21.13% and a return on equity of 31.18%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business earned $2.92 EPS. Equities research analysts expect that Old Dominion Freight Line, Inc. will post 12.91 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th will be given a $0.52 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.40. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 14.21%.

Insider Transactions at Old Dominion Freight Line

In related news, Chairman David S. Congdon sold 24,100 shares of Old Dominion Freight Line stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $390.59, for a total value of $9,413,219.00. Following the sale, the chairman now directly owns 766,754 shares in the company, valued at approximately $299,486,444.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 10.40% of the company’s stock.

Old Dominion Freight Line Profile

(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.

Read More

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

Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.