Linden Thomas Advisory Services LLC Acquires 230 Shares of Old Dominion Freight Line, Inc. $ODFL

Linden Thomas Advisory Services LLC boosted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,970 shares of the transportation company’s stock after buying an additional 230 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Old Dominion Freight Line were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ODFL. Brighton Jones LLC increased its position in Old Dominion Freight Line by 5.3% in the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock worth $275,000 after buying an additional 79 shares during the last quarter. GAMMA Investing LLC increased its position in Old Dominion Freight Line by 48.7% in the first quarter. GAMMA Investing LLC now owns 3,109 shares of the transportation company’s stock worth $514,000 after buying an additional 1,018 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Old Dominion Freight Line by 9.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,595 shares of the transportation company’s stock worth $2,911,000 after buying an additional 1,529 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Old Dominion Freight Line by 5.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,110 shares of the transportation company’s stock worth $1,507,000 after buying an additional 443 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Old Dominion Freight Line by 17.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,273 shares of the transportation company’s stock worth $707,000 after buying an additional 632 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Old Dominion Freight Line from $155.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Evercore ISI decreased their target price on Old Dominion Freight Line from $155.00 to $143.00 and set an “in-line” rating for the company in a research report on Tuesday, September 30th. Truist Financial raised their target price on Old Dominion Freight Line from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Raymond James Financial set a $160.00 price target on Old Dominion Freight Line and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Vertical Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.90.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $136.12 on Friday. Old Dominion Freight Line, Inc. has a one year low of $133.69 and a one year high of $233.26. The business has a fifty day moving average price of $144.43 and a 200-day moving average price of $154.24. 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 capitalization of $28.61 billion, a P/E ratio of 26.59, a PEG ratio of 3.22 and a beta of 1.19.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.12 annualized dividend and a yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 21.88%.

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.