Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Fiduciary Family Office LLC

Fiduciary Family Office LLC decreased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 30.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,856 shares of the transportation company’s stock after selling 1,261 shares during the quarter. Fiduciary Family Office LLC’s holdings in Old Dominion Freight Line were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. raised its holdings in Old Dominion Freight Line by 6.8% during the third quarter. Pittenger & Anderson Inc. now owns 19,953 shares of the transportation company’s stock worth $3,963,000 after purchasing an additional 1,272 shares in the last quarter. Amalgamated Bank boosted its holdings in Old Dominion Freight Line by 8.1% during the third quarter. Amalgamated Bank now owns 42,764 shares of the transportation company’s stock worth $8,495,000 after buying an additional 3,220 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Old Dominion Freight Line by 15.7% in the third quarter. PDS Planning Inc now owns 1,350 shares of the transportation company’s stock valued at $268,000 after buying an additional 183 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Old Dominion Freight Line by 10.0% during the 3rd quarter. QRG Capital Management Inc. now owns 6,704 shares of the transportation company’s stock valued at $1,332,000 after acquiring an additional 609 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Old Dominion Freight Line by 11.5% during the 3rd quarter. National Pension Service now owns 271,366 shares of the transportation company’s stock worth $53,904,000 after acquiring an additional 28,093 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ODFL. TD Cowen cut their price objective on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Benchmark reissued a “hold” rating on shares of Old Dominion Freight Line in a research note on Wednesday, September 11th. Raymond James lifted their target price on Old Dominion Freight Line from $190.00 to $209.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of Old Dominion Freight Line from $193.00 to $189.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Finally, Susquehanna decreased their target price on shares of Old Dominion Freight Line from $225.00 to $218.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $196.39.

Insiders Place Their Bets

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total value of $1,400,490.00. Following the sale, the director now directly owns 97,890 shares in the company, valued at $19,584,852.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the completion of the transaction, the director now directly owns 97,890 shares of the company’s stock, valued at approximately $19,584,852.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David S. Congdon sold 29,975 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $201.30, for a total transaction of $6,033,967.50. Following the transaction, the chairman now directly owns 1,401,621 shares of the company’s stock, valued at $282,146,307.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,975 shares of company stock worth $9,386,158 in the last ninety days. Insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL opened at $207.01 on Wednesday. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $227.80. The firm’s fifty day simple moving average is $195.67 and its 200 day simple moving average is $189.65. The company has a current ratio of 1.33, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $44.98 billion, a PE ratio of 36.19, a PEG ratio of 4.30 and a beta of 0.99.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business posted $1.54 EPS. Old Dominion Freight Line’s revenue was down 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.48 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 0.50%. Old Dominion Freight Line’s dividend payout ratio is 18.18%.

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.