WINTON GROUP Ltd Has $2.43 Million Stake in Old Dominion Freight Line, Inc. $ODFL

WINTON GROUP Ltd increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 107.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,497 shares of the transportation company’s stock after purchasing an additional 8,016 shares during the period. WINTON GROUP Ltd’s holdings in Old Dominion Freight Line were worth $2,430,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ODFL. JPMorgan Chase & Co. increased its stake in shares of Old Dominion Freight Line by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 3,544,588 shares of the transportation company’s stock worth $499,007,000 after purchasing an additional 622,275 shares during the period. Wilson Asset Management International PTY Ltd. bought a new position in shares of Old Dominion Freight Line during the third quarter worth approximately $4,307,000. Citigroup Inc. increased its stake in shares of Old Dominion Freight Line by 46.4% during the third quarter. Citigroup Inc. now owns 1,040,681 shares of the transportation company’s stock worth $146,507,000 after purchasing an additional 329,895 shares during the period. Value Partners Investments Inc. increased its stake in shares of Old Dominion Freight Line by 38.7% during the fourth quarter. Value Partners Investments Inc. now owns 20,103 shares of the transportation company’s stock worth $3,157,000 after purchasing an additional 5,610 shares during the period. Finally, Quantum Capital Management LLC NJ increased its stake in shares of Old Dominion Freight Line by 26.2% during the third quarter. Quantum Capital Management LLC NJ now owns 594,391 shares of the transportation company’s stock worth $83,678,000 after purchasing an additional 123,271 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 22,107 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $191.52, for a total transaction of $4,233,932.64. Following the transaction, the director owned 88,551 shares in the company, valued at $16,959,287.52. This trade represents a 19.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is currently owned by company insiders.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $242.57 on Monday. The stock’s fifty day moving average price is $209.88 and its two-hundred day moving average price is $185.89. Old Dominion Freight Line, Inc. has a one year low of $126.01 and a one year high of $249.14. The firm has a market cap of $50.45 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 4.92 and a beta of 1.17.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $1.19 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.37 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Old Dominion Freight Line’s dividend payout ratio (DPR) is 24.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ODFL. The Goldman Sachs Group set a $216.00 target price on Old Dominion Freight Line and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Susquehanna increased their target price on Old Dominion Freight Line from $205.00 to $224.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Wolfe Research increased their target price on Old Dominion Freight Line from $183.00 to $185.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 7th. BMO Capital Markets reiterated an “outperform” rating and set a $230.00 target price on shares of Old Dominion Freight Line in a research note on Thursday. Finally, Jefferies Financial Group increased their target price on Old Dominion Freight Line from $210.00 to $230.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $208.33.

Old Dominion Freight Line Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.