Private Advisor Group LLC Purchases 339 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Private Advisor Group LLC boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,638 shares of the transportation company’s stock after acquiring an additional 339 shares during the quarter. Private Advisor Group LLC’s holdings in Old Dominion Freight Line were worth $1,914,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ODFL. Hexagon Capital Partners LLC raised its stake in Old Dominion Freight Line by 206.4% during the first quarter. Hexagon Capital Partners LLC now owns 144 shares of the transportation company’s stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Old Dominion Freight Line by 118.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 389,891 shares of the transportation company’s stock valued at $85,507,000 after buying an additional 211,141 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Old Dominion Freight Line by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock valued at $27,000 after buying an additional 62 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Old Dominion Freight Line by 121.5% in the first quarter. Wasatch Advisors LP now owns 6,506 shares of the transportation company’s stock valued at $1,427,000 after buying an additional 3,569 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in shares of Old Dominion Freight Line by 126.9% in the first quarter. SeaCrest Wealth Management LLC now owns 3,775 shares of the transportation company’s stock valued at $828,000 after buying an additional 2,111 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $200.07, for a total value of $1,400,490.00. Following the sale, the director now owns 97,890 shares in the company, valued at approximately $19,584,852.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Old Dominion Freight Line news, Director Greg C. Gantt sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $200.07, for a total value of $1,400,490.00. Following the sale, the director now owns 97,890 shares in the company, valued at approximately $19,584,852.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David S. Congdon sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $195.17, for a total value of $1,951,700.00. Following the completion of the sale, the chairman now owns 1,391,621 shares in the company, valued at $271,602,670.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,975 shares of company stock worth $9,386,158. Corporate insiders own 9.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price on Old Dominion Freight Line from $228.00 to $216.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Barclays decreased their price target on Old Dominion Freight Line from $195.00 to $190.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Stifel Nicolaus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating and decreased their price target for the company from $209.00 to $197.00 in a report on Monday, October 21st. Raymond James raised their price target on Old Dominion Freight Line from $190.00 to $209.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company reduced their target price on Old Dominion Freight Line from $170.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $196.39.

Old Dominion Freight Line Trading Up 0.2 %

NASDAQ:ODFL opened at $201.31 on Wednesday. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $227.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.46. The stock has a market capitalization of $43.74 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 4.23 and a beta of 0.99. The business’s 50-day simple moving average is $195.60 and its 200-day simple moving average is $189.99.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Old Dominion Freight Line’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 EPS. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.48 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, December 4th. Old Dominion Freight Line’s payout ratio is 18.18%.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.