Callan Family Office LLC Purchases Shares of 3,759 Old Dominion Freight Line, Inc. $ODFL

Callan Family Office LLC purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,759 shares of the transportation company’s stock, valued at approximately $610,000.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Old Dominion Freight Line by 234.8% during the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 108 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $39,000. Zions Bancorporation National Association UT acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $39,000. Olde Wealth Management LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $43,000. Finally, WPG Advisers LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $51,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $136.18 on Tuesday. The stock’s 50 day moving average is $146.23 and its 200 day moving average is $155.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $28.62 billion, a P/E ratio of 26.60, a P/E/G ratio of 3.15 and a beta of 1.19. Old Dominion Freight Line, Inc. has a one year low of $133.69 and a one year high of $233.26.

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

Old Dominion Freight Line Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group dropped their target price on Old Dominion Freight Line from $160.00 to $155.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Citigroup dropped their target price on Old Dominion Freight Line from $174.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. JPMorgan Chase & Co. dropped their target price on Old Dominion Freight Line from $155.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Old Dominion Freight Line in a report on Wednesday, October 8th. Finally, TD Cowen dropped their target price on Old Dominion Freight Line from $166.00 to $159.00 and set a “hold” rating for the company in a report on Thursday, July 31st. Eight 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.09.

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.