8,649 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,649 shares of the transportation company’s stock, valued at approximately $1,718,000.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Old Dominion Freight Line by 6.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,763 shares of the transportation company’s stock worth $1,194,000 after purchasing an additional 435 shares in the last quarter. Blue Trust Inc. increased its position in Old Dominion Freight Line by 360.9% during the second quarter. Blue Trust Inc. now owns 1,014 shares of the transportation company’s stock worth $179,000 after buying an additional 794 shares in the last quarter. Calton & Associates Inc. acquired a new position in shares of Old Dominion Freight Line in the second quarter worth $203,000. Marshall Financial Group LLC lifted its position in shares of Old Dominion Freight Line by 519.1% in the second quarter. Marshall Financial Group LLC now owns 9,020 shares of the transportation company’s stock valued at $1,593,000 after acquiring an additional 7,563 shares in the last quarter. Finally, Western Financial Corp CA boosted its stake in shares of Old Dominion Freight Line by 29.4% during the second quarter. Western Financial Corp CA now owns 5,896 shares of the transportation company’s stock valued at $1,041,000 after acquiring an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Insider Transactions at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now owns 7,383 shares of the company’s stock, valued at $1,664,423.52. The trade was a 28.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the completion of the transaction, the director now owns 97,890 shares in the company, valued at $19,584,852.30. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and reduced their target price for the company from $209.00 to $197.00 in a report on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. The Goldman Sachs Group raised their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, September 11th. Finally, Stephens restated an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $204.00.

Old Dominion Freight Line Trading Down 1.2 %

Shares of ODFL stock opened at $200.69 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The firm’s 50 day moving average price is $209.13 and its two-hundred day moving average price is $195.93. The stock has a market cap of $42.85 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 4.29 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results 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 net margin of 21.03% and a return on equity of 29.40%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.43 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend 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.