Partners Group Holding AG Has $26.08 Million Holdings in Old Dominion Freight Line, Inc. $ODFL

Partners Group Holding AG increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 24.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,661 shares of the transportation company’s stock after buying an additional 31,547 shares during the quarter. Old Dominion Freight Line accounts for approximately 1.2% of Partners Group Holding AG’s holdings, making the stock its 26th largest holding. Partners Group Holding AG’s holdings in Old Dominion Freight Line were worth $26,075,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ODFL. Larson Financial Group LLC increased 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 worth $25,000 after purchasing an additional 108 shares in the last quarter. Rossby Financial LCC bought a new position in Old Dominion Freight Line during the 2nd quarter worth about $28,000. Wayfinding Financial LLC bought a new position in Old Dominion Freight Line during the 1st quarter worth about $39,000. Zions Bancorporation National Association UT bought a new position in Old Dominion Freight Line during the 1st quarter worth about $39,000. Finally, Chilton Capital Management LLC bought a new position in Old Dominion Freight Line during the 2nd quarter worth about $47,000. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $137.51 on Tuesday. The stock has a market capitalization of $28.90 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.22 and a beta of 1.19. The business has a 50-day moving average of $142.51 and a 200-day moving average of $153.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.38. Old Dominion Freight Line, Inc. has a fifty-two week low of $133.69 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted $1.43 earnings per share. Old Dominion Freight Line’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 22.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ODFL shares. Susquehanna increased their target price on Old Dominion Freight Line from $155.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Stephens lowered their target price on Old Dominion Freight Line from $162.00 to $156.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Raymond James Financial reiterated an “outperform” rating and set a $155.00 target price (down previously from $160.00) on shares of Old Dominion Freight Line in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Old Dominion Freight Line from $143.00 to $144.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Old Dominion Freight Line in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $159.33.

About Old Dominion Freight Line

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.