Twin Capital Management Inc. Has $1.99 Million Position in Old Dominion Freight Line, Inc. $ODFL

Twin Capital Management Inc. grew its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,256 shares of the transportation company’s stock after acquiring an additional 442 shares during the period. Twin Capital Management Inc.’s holdings in Old Dominion Freight Line were worth $1,989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Larson Financial Group LLC increased its position in Old Dominion Freight Line by 234.8% during the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock worth $25,000 after buying an additional 108 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Old Dominion Freight Line during the 2nd quarter valued at about $28,000. Zions Bancorporation National Association UT bought a new position in shares of Old Dominion Freight Line in the 1st quarter valued at approximately $39,000. Chilton Capital Management LLC acquired a new stake in Old Dominion Freight Line in the 2nd quarter worth approximately $47,000. Finally, WPG Advisers LLC bought a new stake in Old Dominion Freight Line during the first quarter worth approximately $51,000. Institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ODFL shares. UBS Group lifted their target price on shares of Old Dominion Freight Line from $155.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Wall Street Zen raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Wolfe Research upped their price target on Old Dominion Freight Line from $129.00 to $140.00 in a report on Tuesday, October 7th. Stephens lowered their price objective on shares of Old Dominion Freight Line from $162.00 to $156.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Robert W. Baird set a $148.00 target price on shares of Old Dominion Freight Line and gave the company a “neutral” rating in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $159.33.

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $137.69 on Friday. The firm has a market cap of $28.94 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 3.22 and a beta of 1.22. The firm’s 50-day simple moving average is $141.75 and its 200-day simple moving average is $153.13. Old Dominion Freight Line, Inc. has a twelve month low of $133.69 and a twelve month high of $233.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.38 and a current ratio of 1.20.

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

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, December 3rd. Old Dominion Freight Line’s payout ratio is currently 22.54%.

Old Dominion Freight Line Profile

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.