Old Dominion Freight Line, Inc. $ODFL Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,954 shares of the transportation company’s stock after selling 1,219 shares during the period. Atria Investments Inc’s holdings in Old Dominion Freight Line were worth $1,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. lifted its position in Old Dominion Freight Line by 30.9% in the second quarter. Savvy Advisors Inc. now owns 4,778 shares of the transportation company’s stock valued at $776,000 after purchasing an additional 1,127 shares during the period. Assetmark Inc. lifted its position in shares of Old Dominion Freight Line by 10.5% during the 2nd quarter. Assetmark Inc. now owns 1,756 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 167 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Old Dominion Freight Line by 3.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 15,423 shares of the transportation company’s stock valued at $2,503,000 after acquiring an additional 583 shares during the period. World Investment Advisors lifted its position in shares of Old Dominion Freight Line by 10.3% during the 2nd quarter. World Investment Advisors now owns 2,810 shares of the transportation company’s stock valued at $456,000 after acquiring an additional 263 shares during the period. Finally, Markel Group Inc. lifted its position in shares of Old Dominion Freight Line by 9.3% during the 2nd quarter. Markel Group Inc. now owns 342,450 shares of the transportation company’s stock valued at $55,580,000 after acquiring an additional 29,250 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 2.8%

Shares of Old Dominion Freight Line stock opened at $141.36 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.38. Old Dominion Freight Line, Inc. has a 1 year low of $133.69 and a 1 year high of $233.26. The company has a market capitalization of $29.71 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.22 and a beta of 1.19. The business has a 50 day moving average price of $142.25 and a 200 day moving average price of $153.33.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $0.28 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.12 annualized dividend and a yield of 0.8%. Old Dominion Freight Line’s payout ratio is 22.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wolfe Research lifted their price target on shares of Old Dominion Freight Line from $129.00 to $140.00 in a research report on Tuesday, October 7th. Barclays reduced their price target on shares of Old Dominion Freight Line from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Susquehanna lifted their price target on shares of Old Dominion Freight Line from $155.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Morgan Stanley reduced their price target on shares of Old Dominion Freight Line from $170.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group reduced their price target on shares of Old Dominion Freight Line from $186.00 to $181.00 in a research report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $159.33.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.