2 weeks Ago By ABMN Staff
Shares of Old Dominion Freight Line, Inc. ( NASDAQ:ODFL – Get Free Report ) have been assigned an average rating of “Hold” from the twenty analysts that are covering the company, MarketBeat.com reports.
One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $201.83.
A number of research firms have recently commented on ODFL. BMO Capital Markets lifted their price objective on Old Dominion Freight Line from $210.00 to $215.
00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Benchmark reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research note on Wednesday, September 11th. Robert W.
Baird increased their target price on Old Dominion Freight Line from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th.
Stephens restated an “overweight” rating and set a $214.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, September 5th. Finally, Raymond James upped their price target on shares of 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. View Our Latest Stock Report on ODFL Old Dominion Freight Line Trading Up 0.
7 % Old Dominion Freight Line ( NASDAQ:ODFL – Get Free Report ) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.
45 by $0.03. Old Dominion Freight Line had a net margin of 21.
38% and a return on equity of 30.33%. The firm had revenue of $1.
50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $1.
33 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year.
On average, equities analysts forecast that Old Dominion Freight Line will post 5.62 EPS for the current fiscal year. Old Dominion Freight Line Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th.
Stockholders of record on Wednesday, September 4th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 4th.
This represents a $1.04 annualized dividend and a dividend yield of 0.53%.
Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%. Insiders Place Their Bets In other news, Chairman David S.
Congdon sold 10,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $195.17, for a total transaction of $1,951,700.
00. Following the transaction, the chairman now directly owns 1,391,621 shares of the company’s stock, valued at $271,602,670.57.
The sale was disclosed in a filing with the SEC, which is available at the SEC website . In other Old Dominion Freight Line news, Chairman David S. Congdon sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 29th.
The stock was sold at an average price of $195.17, for a total transaction of $1,951,700.00.
Following the completion of the sale, the chairman now owns 1,391,621 shares of the company’s stock, valued at $271,602,670.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, Chairman David S. Congdon sold 29,975 shares of the company’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 1,401,621 shares of the company’s stock, valued at approximately $282,146,307.
30. The disclosure for this sale can be found here . 9.
90% of the stock is owned by corporate insiders. Hedge Funds Weigh In On Old Dominion Freight Line Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc.
lifted its position in shares of Old Dominion Freight Line by 100.9% during the first quarter. Vanguard Group Inc.
now owns 21,795,649 shares of the transportation company’s stock worth $4,780,004,000 after purchasing an additional 10,944,520 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Old Dominion Freight Line by 117.
0% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,726,847 shares of the transportation company’s stock worth $3,010,435,000 after purchasing an additional 7,401,526 shares during the last quarter.
Capital Research Global Investors boosted its position in shares of Old Dominion Freight Line by 59.0% in the 1st quarter. Capital Research Global Investors now owns 6,592,594 shares of the transportation company’s stock worth $1,445,822,000 after purchasing an additional 2,447,121 shares in the last quarter.
Bank of New York Mellon Corp grew its stake in Old Dominion Freight Line by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,210,923 shares of the transportation company’s stock worth $1,096,849,000 after buying an additional 270,538 shares during the last quarter.
Finally, Capital World Investors raised its stake in Old Dominion Freight Line by 101.0% in the 1st quarter. Capital World Investors now owns 2,443,770 shares of the transportation company’s stock worth $535,943,000 after acquiring an additional 1,228,116 shares during the last quarter.
77.82% of the stock is owned by hedge funds and other institutional investors. About Old Dominion Freight Line ( Get Free Report 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. See Also Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.
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