ASR Vermogensbeheer N.V. Purchases 1,248 Shares of Old Dominion Freight Line, Inc. $ODFL

ASR Vermogensbeheer N.V. lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 23.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,604 shares of the transportation company’s stock after buying an additional 1,248 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Old Dominion Freight Line were worth $1,072,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Old Dominion Freight Line by 1.9% during the first quarter. Vanguard Group Inc. now owns 22,666,405 shares of the transportation company’s stock valued at $3,750,157,000 after purchasing an additional 416,097 shares during the period. Invesco Ltd. lifted its position 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 valued at $706,841,000 after purchasing an additional 53,079 shares during the period. T. Rowe Price Investment Management Inc. lifted its position 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 valued at $430,006,000 after purchasing an additional 1,151,221 shares during the period. JPMorgan Chase & Co. lifted its position 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 valued at $402,002,000 after purchasing an additional 754,796 shares during the period. Finally, Ameriprise Financial Inc. lifted its position 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 valued at $232,955,000 after purchasing an additional 145,058 shares during the period. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL opened at $141.33 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a fifty day moving average price of $147.58 and a 200 day moving average price of $156.61. Old Dominion Freight Line, Inc. has a fifty-two week low of $133.69 and a fifty-two week high of $233.26. The firm has a market cap of $29.70 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 3.30 and a beta of 1.19.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.02). Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.48 EPS. Old Dominion Freight Line’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio is currently 21.88%.

Analyst Ratings Changes

ODFL has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Old Dominion Freight Line from $183.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Stephens lowered their price objective on shares of Old Dominion Freight Line from $186.00 to $174.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 8th. Benchmark restated a “hold” rating and set a $102.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, June 12th. Finally, Raymond James Financial reduced their target price on shares of Old Dominion Freight Line from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $166.52.

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.