2,883 Shares in Old Dominion Freight Line, Inc. $ODFL Bought by Retirement Planning Group LLC

Retirement Planning Group LLC bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,883 shares of the transportation company’s stock, valued at approximately $406,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its holdings in shares of Old Dominion Freight Line by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 67 shares during the period. YANKCOM Partnership increased its position in Old Dominion Freight Line by 9.1% during the 2nd quarter. YANKCOM Partnership now owns 818 shares of the transportation company’s stock worth $133,000 after purchasing an additional 68 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in Old Dominion Freight Line by 4.4% in the second quarter. Legacy Capital Wealth Partners LLC now owns 1,674 shares of the transportation company’s stock valued at $272,000 after buying an additional 71 shares during the period. iA Global Asset Management Inc. lifted its position in Old Dominion Freight Line by 0.3% during the second quarter. iA Global Asset Management Inc. now owns 23,468 shares of the transportation company’s stock valued at $3,809,000 after buying an additional 72 shares in the last quarter. Finally, STF Management LP lifted its position in Old Dominion Freight Line by 2.4% during the second quarter. STF Management LP now owns 3,277 shares of the transportation company’s stock valued at $532,000 after buying an additional 77 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Wolfe Research set a $138.00 price target on Old Dominion Freight Line in a report on Thursday, January 8th. Benchmark reissued a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, December 3rd. UBS Group boosted their price objective on Old Dominion Freight Line from $155.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Rothschild Redb upgraded Old Dominion Freight Line to a “strong sell” rating in a research note on Wednesday, November 26th. Ten analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and a consensus price target of $162.71.

Old Dominion Freight Line Stock Up 2.7%

Shares of Old Dominion Freight Line stock opened at $178.21 on Friday. The business has a 50-day moving average of $151.41 and a 200-day moving average of $150.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $37.26 billion, a PE ratio of 35.86, a P/E/G ratio of 8.63 and a beta of 1.27. Old Dominion Freight Line, Inc. has a 1-year low of $126.01 and a 1-year high of $209.61.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. As a group, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, December 3rd. Old Dominion Freight Line’s dividend payout ratio is 22.54%.

Old Dominion Freight Line Profile

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.