Old Dominion Freight Line, Inc. $ODFL Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,065 shares of the transportation company’s stock after acquiring an additional 1,607 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Old Dominion Freight Line were worth $8,288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Old Dominion Freight Line by 1.9% in the first quarter. Vanguard Group Inc. now owns 22,666,405 shares of the transportation company’s stock worth $3,750,157,000 after acquiring an additional 416,097 shares during the period. Invesco Ltd. boosted its holdings in Old Dominion Freight Line by 1.3% during the first quarter. Invesco Ltd. now owns 4,272,231 shares of the transportation company’s stock worth $706,841,000 after buying an additional 53,079 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Old Dominion Freight Line by 79.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,599,005 shares of the transportation company’s stock worth $430,006,000 after buying an additional 1,151,221 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Old Dominion Freight Line by 45.1% during the first quarter. JPMorgan Chase & Co. now owns 2,429,750 shares of the transportation company’s stock worth $402,002,000 after buying an additional 754,796 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Old Dominion Freight Line by 11.4% during the first quarter. Ameriprise Financial Inc. now owns 1,412,698 shares of the transportation company’s stock worth $232,955,000 after buying an additional 145,058 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

ODFL opened at $140.71 on Tuesday. The firm’s fifty day simple moving average is $145.38 and its two-hundred day simple moving average is $154.55. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The company has a market cap of $29.57 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 3.26 and a beta of 1.19. Old Dominion Freight Line, Inc. has a 52-week low of $133.69 and a 52-week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFLGet Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.02). The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%.The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. Equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 3rd. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 21.88%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ODFL. Baird R W raised shares of Old Dominion Freight Line to a “hold” rating in a report on Tuesday, July 1st. Truist Financial increased their price target on shares of Old Dominion Freight Line from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, June 30th. Evercore ISI lowered their price target on shares of Old Dominion Freight Line from $155.00 to $143.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Wolfe Research increased their price target on shares of Old Dominion Freight Line from $129.00 to $140.00 in a report on Tuesday, October 7th. Finally, Raymond James Financial set a $160.00 price target on shares of Old Dominion Freight Line and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $163.86.

Check Out Our Latest Research Report on Old Dominion Freight Line

About Old Dominion Freight Line

(Free Report)

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.

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

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