TD Private Client Wealth LLC Buys 2,746 Shares of Old Dominion Freight Line, Inc. $ODFL

TD Private Client Wealth LLC raised its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) by 395.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,441 shares of the transportation company’s stock after purchasing an additional 2,746 shares during the quarter. TD Private Client Wealth LLC’s holdings in Old Dominion Freight Line were worth $540,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Gamco Investors INC. ET AL bought a new position in shares of Old Dominion Freight Line in the 4th quarter worth about $784,000. North Dakota State Investment Board bought a new position in shares of Old Dominion Freight Line in the 4th quarter worth about $1,002,000. Kinsale Capital Group Inc. raised its position in shares of Old Dominion Freight Line by 5.9% in the 4th quarter. Kinsale Capital Group Inc. now owns 42,342 shares of the transportation company’s stock worth $6,639,000 after acquiring an additional 2,367 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of Old Dominion Freight Line by 6.8% in the 4th quarter. iA Global Asset Management Inc. now owns 26,004 shares of the transportation company’s stock worth $4,077,000 after acquiring an additional 1,667 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan raised its position in shares of Old Dominion Freight Line by 32.2% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 4,020 shares of the transportation company’s stock worth $630,000 after acquiring an additional 980 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ODFL. Barclays set a $210.00 price objective on Old Dominion Freight Line and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Evercore set a $219.00 price objective on Old Dominion Freight Line in a research report on Thursday, April 30th. TD Cowen reissued a “hold” rating and issued a $194.00 price objective (up from $180.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Old Dominion Freight Line in a research report on Tuesday, April 14th. Finally, Citigroup reissued a “neutral” rating and issued a $225.00 price objective (up from $218.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $206.29.

Read Our Latest Research Report on Old Dominion Freight Line

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $207.69 on Friday. Old Dominion Freight Line, Inc. has a one year low of $126.01 and a one year high of $233.79. The firm has a market capitalization of $43.19 billion, a price-to-earnings ratio of 43.45, a PEG ratio of 4.30 and a beta of 1.17. The business has a 50-day simple moving average of $200.65 and a 200 day simple moving average of $179.03.

Old Dominion Freight Line (NASDAQ:ODFLGet Free Report) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $1.19 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.32 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 3rd. Old Dominion Freight Line’s payout ratio is presently 24.27%.

Insider Transactions at Old Dominion Freight Line

In related news, Director Greg C. Gantt sold 22,107 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $191.52, for a total value of $4,233,932.64. Following the completion of the sale, the director directly owned 88,551 shares of the company’s stock, valued at $16,959,287.52. The trade was a 19.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Earl E. Congdon sold 25,000 shares of Old Dominion Freight Line stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $196.13, for a total value of $4,903,250.00. Following the transaction, the insider owned 2,162,113 shares of the company’s stock, valued at $424,055,222.69. This trade represents a 1.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 10.00% of the company’s stock.

About Old Dominion Freight Line

(Free Report)

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.

See Also

Want to see what other hedge funds are holding ODFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report).

Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.