2 weeks Ago By ABMN Staff
Scientech Research LLC lifted its position in Old Dominion Freight Line, Inc. ( NASDAQ:ODFL – Free Report ) by 559.8% in the 2nd quarter, HoldingsChannel.
com reports. The fund owned 6,268 shares of the transportation company’s stock after buying an additional 5,318 shares during the period. Scientech Research LLC’s holdings in Old Dominion Freight Line were worth $1,107,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in Old Dominion Freight Line by 8.6% during the 2nd quarter.
Sequoia Financial Advisors LLC now owns 4,962 shares of the transportation company’s stock valued at $876,000 after acquiring an additional 395 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in Old Dominion Freight Line by 98.3% in the first quarter.
Chevy Chase Trust Holdings LLC now owns 100,892 shares of the transportation company’s stock valued at $22,127,000 after purchasing an additional 50,019 shares during the last quarter. Forsta AP Fonden raised its holdings in Old Dominion Freight Line by 65.0% in the first quarter.
Forsta AP Fonden now owns 39,600 shares of the transportation company’s stock worth $8,685,000 after purchasing an additional 15,600 shares in the last quarter. Sei Investments Co. lifted its position in shares of Old Dominion Freight Line by 98.
6% during the first quarter. Sei Investments Co. now owns 43,188 shares of the transportation company’s stock valued at $9,471,000 after buying an additional 21,438 shares during the last quarter.
Finally, Diversified Trust Co boosted its holdings in shares of Old Dominion Freight Line by 162.9% in the 1st quarter. Diversified Trust Co now owns 7,350 shares of the transportation company’s stock valued at $1,612,000 after buying an additional 4,554 shares in the last quarter.
77.82% of the stock is owned by hedge funds and other institutional investors. Old Dominion Freight Line Stock Up 0.
7 % ODFL stock opened at $196.71 on Friday. The company has a market capitalization of $42.
74 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 4.08 and a beta of 0.
99. Old Dominion Freight Line, Inc. has a 12 month low of $165.
49 and a 12 month high of $227.80. The firm’s fifty day simple moving average is $196.
22 and its 200-day simple moving average is $195.12. The company has a debt-to-equity ratio of 0.
01, a current ratio of 1.46 and a quick ratio of 1.46.
Old Dominion Freight Line Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $0.26 dividend.
The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.
53%. Old Dominion Freight Line’s payout ratio is 18.31%.
Insider Activity at Old Dominion Freight Line In other Old Dominion Freight Line news, Chairman David S. Congdon sold 29,975 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $201.
30, for a total value of $6,033,967.50. Following the sale, the chairman now owns 1,401,621 shares in the company, valued at approximately $282,146,307.
30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . In other news, Chairman David S.
Congdon sold 10,000 shares of the firm’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 sale, the chairman now directly owns 1,391,621 shares in the company, valued at approximately $271,602,670.57.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Chairman David S. Congdon sold 29,975 shares of Old Dominion Freight Line stock in a transaction dated Monday, August 26th.
The shares were sold at an average price of $201.30, for a total value of $6,033,967.50.
Following the completion of the transaction, the chairman now 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 company insiders. Analysts Set New Price Targets Several research analysts recently commented on ODFL shares.
Stephens reiterated 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. BMO Capital Markets upped their price target on Old Dominion Freight Line from $210.
00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. TD Cowen lowered their price objective on Old Dominion Freight Line from $214.
00 to $209.00 and set a “hold” rating for the company in a research report on Friday, September 6th. JPMorgan Chase & Co.
reduced their target price on Old Dominion Freight Line from $193.00 to $189.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th.
Finally, Raymond James increased their price target 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.
One analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $201.83.
Read Our Latest Analysis on ODFL Old Dominion Freight Line Profile ( 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.
Further Reading Want to see what other hedge funds are holding ODFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Dominion Freight Line, Inc. ( NASDAQ:ODFL – Free Report ).
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