Janus Henderson Group PLC lessened its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,723,793 shares of the transportation company’s stock after selling 78,125 shares during the quarter. Janus Henderson Group PLC owned about 3.31% of Old Dominion Freight Line worth $299,917,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of Old Dominion Freight Line by 11.4% during the second quarter. Pacer Advisors Inc. now owns 12,184 shares of the transportation company’s stock worth $1,160,000 after purchasing an additional 1,243 shares during the last quarter. Scout Investments Inc. raised its position in Old Dominion Freight Line by 8.2% in the third quarter. Scout Investments Inc. now owns 126,513 shares of the transportation company’s stock worth $13,930,000 after acquiring an additional 9,624 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Old Dominion Freight Line by 18.1% in the third quarter. Daiwa Securities Group Inc. now owns 208,016 shares of the transportation company’s stock worth $22,905,000 after acquiring an additional 31,816 shares in the last quarter. Principal Financial Group Inc. raised its position in Old Dominion Freight Line by 4.1% in the second quarter. Principal Financial Group Inc. now owns 294,986 shares of the transportation company’s stock worth $28,094,000 after acquiring an additional 11,734 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Old Dominion Freight Line in the second quarter worth $590,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

Several research analysts have issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $113.00 price objective on shares of Old Dominion Freight Line in a research report on Friday, October 6th. BidaskClub cut Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Cowen reiterated a “hold” rating and issued a $100.00 price objective on shares of Old Dominion Freight Line in a research report on Friday, September 1st. Buckingham Research assumed coverage on Old Dominion Freight Line in a research report on Monday, August 21st. They issued a “neutral” rating and a $105.00 price objective for the company. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Old Dominion Freight Line in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $112.00.

Old Dominion Freight Line, Inc. (ODFL) opened at $130.50 on Friday. Old Dominion Freight Line, Inc. has a 52-week low of $80.56 and a 52-week high of $131.39. The firm has a market capitalization of $10,678.39, a price-to-earnings ratio of 31.93, a PEG ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. The business had revenue of $872.99 million during the quarter, compared to analysts’ expectations of $855.85 million. During the same quarter last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 4.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders 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 currently 9.85%.

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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.

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

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