Global Retirement Partners LLC Grows Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Global Retirement Partners LLC raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,984 shares of the transportation company’s stock after purchasing an additional 215 shares during the quarter. Global Retirement Partners LLC’s holdings in Old Dominion Freight Line were worth $1,189,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. raised its holdings in shares of Old Dominion Freight Line by 9.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 9,790 shares of the transportation company’s stock worth $1,945,000 after purchasing an additional 824 shares during the period. SeaCrest Wealth Management LLC lifted its position in Old Dominion Freight Line by 4.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,203 shares of the transportation company’s stock worth $636,000 after acquiring an additional 125 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in Old Dominion Freight Line by 7.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 9,304 shares of the transportation company’s stock worth $1,848,000 after acquiring an additional 627 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Old Dominion Freight Line by 223.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,512 shares of the transportation company’s stock worth $1,293,000 after acquiring an additional 4,500 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in Old Dominion Freight Line by 23.5% during the 3rd quarter. CVA Family Office LLC now owns 394 shares of the transportation company’s stock worth $78,000 after acquiring an additional 75 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $199.54 on Friday. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $227.80. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $43.36 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The business has a 50 day simple moving average of $195.53 and a 200-day simple moving average of $191.37.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.59 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. Old Dominion Freight Line’s payout ratio is currently 18.31%.

Insider Buying and Selling

In related news, Chairman David S. Congdon sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 1,391,621 shares in the company, valued at $271,602,670.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman David S. Congdon sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 1,391,621 shares in the company, valued at $271,602,670.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David S. Congdon sold 29,975 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $201.30, for a total value of $6,033,967.50. Following the transaction, the chairman now owns 1,401,621 shares of the company’s stock, valued at $282,146,307.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup assumed coverage on Old Dominion Freight Line in a research report on Wednesday, October 9th. They set a “neutral” rating and a $206.00 price target on the stock. TD Cowen reduced their price target on Old Dominion Freight Line from $214.00 to $209.00 and set a “hold” rating on the stock in a research report on Friday, September 6th. Stephens reissued an “overweight” rating and set a $214.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, September 5th. Bank of America reduced their price target 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, Raymond James lifted their price objective on Old Dominion Freight Line from $190.00 to $209.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and a consensus target price of $200.56.

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.