GHP Investment Advisors Inc. boosted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,081 shares of the transportation company’s stock after buying an additional 543 shares during the period. GHP Investment Advisors Inc.’s holdings in Old Dominion Freight Line were worth $1,722,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in Old Dominion Freight Line by 0.3% in the first quarter. M&T Bank Corp now owns 5,284 shares of the transportation company’s stock worth $453,000 after buying an additional 14 shares during the period. IFP Advisors Inc increased its position in Old Dominion Freight Line by 1.9% in the first quarter. IFP Advisors Inc now owns 1,839 shares of the transportation company’s stock worth $157,000 after buying an additional 34 shares during the period. Pier Capital LLC increased its position in Old Dominion Freight Line by 0.6% in the first quarter. Pier Capital LLC now owns 5,959 shares of the transportation company’s stock worth $510,000 after buying an additional 34 shares during the period. Fisher Asset Management LLC increased its position in Old Dominion Freight Line by 2.3% in the first quarter. Fisher Asset Management LLC now owns 5,877 shares of the transportation company’s stock valued at $503,000 after buying an additional 130 shares during the period. Finally, Capstone Asset Management Co. increased its position in Old Dominion Freight Line by 1.9% in the second quarter. Capstone Asset Management Co. now owns 7,453 shares of the transportation company’s stock valued at $710,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) opened at 95.42 on Friday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 24.71 and a beta of 1.08. The company’s 50-day moving average price is $96.86 and its 200 day moving average price is $90.96. Old Dominion Freight Line, Inc. has a 52-week low of $66.33 and a 52-week high of $103.51.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The business had revenue of $839.90 million for the quarter, compared to analyst estimates of $824.68 million. During the same period in the previous year, the business posted $0.98 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts predict that Old Dominion Freight Line, Inc. will post $4.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 10.39%.

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Several research firms recently weighed in on ODFL. BidaskClub downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Buckingham Research began coverage on Old Dominion Freight Line in a research report on Monday, August 21st. They set a “neutral” rating and a $105.00 target price on the stock. Deutsche Bank AG downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating and lowered their target price for the company from $108.00 to $98.00 in a research report on Monday, July 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $109.00 target price (up from $101.00) on shares of Old Dominion Freight Line in a research report on Thursday, July 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $98.40.

In other news, Vice Chairman David S. Congdon sold 575 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $97.83, for a total transaction of $56,252.25. Following the transaction, the insider now directly owns 9,516 shares in the company, valued at $930,950.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.00% of the company’s stock.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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

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