GSA Capital Partners LLP Sells 2,271 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

GSA Capital Partners LLP decreased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 29.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,391 shares of the transportation company’s stock after selling 2,271 shares during the period. GSA Capital Partners LLP’s holdings in Old Dominion Freight Line were worth $1,071,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ODFL. Empowered Funds LLC increased its stake in shares of Old Dominion Freight Line by 189.5% in the 1st quarter. Empowered Funds LLC now owns 3,260 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 2,134 shares during the last quarter. Sei Investments Co. increased its stake in shares of Old Dominion Freight Line by 98.6% in the 1st quarter. Sei Investments Co. now owns 43,188 shares of the transportation company’s stock valued at $9,471,000 after purchasing an additional 21,438 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Old Dominion Freight Line by 102.3% in the 1st quarter. HBK Sorce Advisory LLC now owns 1,135 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 574 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Old Dominion Freight Line by 98.6% in the 1st quarter. Blair William & Co. IL now owns 29,722 shares of the transportation company’s stock valued at $6,518,000 after purchasing an additional 14,755 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in Old Dominion Freight Line during the 1st quarter worth $5,992,000. Institutional investors own 77.82% of the company’s stock.

Insider Activity

In related news, Chairman David S. Congdon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $195.17, for a total transaction of $1,951,700.00. Following the transaction, the chairman now directly owns 1,391,621 shares of the company’s stock, valued at approximately $271,602,670.57. This represents a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,975 shares of company stock valued at $10,062,478 in the last ninety days. 9.90% of the stock is owned by company insiders.

Old Dominion Freight Line Stock Down 3.5 %

Shares of NASDAQ:ODFL opened at $215.57 on Friday. The company has a market capitalization of $46.02 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 6.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50-day moving average is $201.32 and its 200-day moving average is $191.23. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. Equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.46 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Wednesday, December 4th. Old Dominion Freight Line’s dividend payout ratio is 18.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ODFL shares. BMO Capital Markets reduced their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Citigroup boosted their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group reduced their price objective on Old Dominion Freight Line from $228.00 to $216.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America reduced their price objective on Old Dominion Freight Line from $210.00 to $206.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, Susquehanna reduced their price objective on Old Dominion Freight Line from $225.00 to $218.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $200.00.

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.