Sheaff Brock Investment Advisors LLC acquired a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,901 shares of the transportation company’s stock, valued at approximately $870,000.

Several other hedge funds also recently modified their holdings of ODFL. PNC Financial Services Group Inc. lifted its holdings in Old Dominion Freight Line by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,590 shares of the transportation company’s stock worth $534,000 after buying an additional 49 shares in the last quarter. Aperio Group LLC lifted its holdings in Old Dominion Freight Line by 0.7% during the 2nd quarter. Aperio Group LLC now owns 23,868 shares of the transportation company’s stock worth $2,273,000 after buying an additional 157 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Old Dominion Freight Line by 4.3% during the 2nd quarter. D.A. Davidson & CO. now owns 4,738 shares of the transportation company’s stock worth $451,000 after buying an additional 194 shares in the last quarter. Garrison Bradford & Associates Inc. lifted its holdings in Old Dominion Freight Line by 0.8% during the 2nd quarter. Garrison Bradford & Associates Inc. now owns 24,802 shares of the transportation company’s stock worth $2,362,000 after buying an additional 201 shares in the last quarter. Finally, World Asset Management Inc lifted its holdings in Old Dominion Freight Line by 4.6% during the 2nd quarter. World Asset Management Inc now owns 4,853 shares of the transportation company’s stock worth $462,000 after buying an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Shares of Old Dominion Freight Line, Inc. (ODFL) opened at $127.74 on Tuesday. Old Dominion Freight Line, Inc. has a 52-week low of $80.56 and a 52-week high of $130.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $10,495.52, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.08. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. The company had revenue of $872.99 million for the quarter, compared to the consensus estimate of $855.85 million. During the same period in the prior year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 4.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Tuesday, December 5th. Old Dominion Freight Line’s dividend payout ratio is presently 9.85%.

A number of equities research analysts have issued reports on ODFL shares. Credit Suisse Group reiterated an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Old Dominion Freight Line in a report on Thursday, October 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Tuesday, October 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $111.00 target price on shares of Old Dominion Freight Line in a report on Thursday, October 26th. KeyCorp reiterated a “buy” rating and set a $115.00 target price on shares of Old Dominion Freight Line in a report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $108.46.

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Old Dominion Freight Line 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.

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

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