Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) Chairman David S. Congdon sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $195.17, for a total value of $1,951,700.00. Following the completion of 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 through this link.
Old Dominion Freight Line Price Performance
Shares of NASDAQ:ODFL opened at $186.06 on Friday. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $227.80. The stock has a fifty day moving average of $193.92 and a 200-day moving average of $197.74. The company has a market capitalization of $40.43 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 3.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46.
Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. As a group, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.
Old Dominion Freight Line Dividend Announcement
Hedge Funds Weigh In On Old Dominion Freight Line
A number of large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its position in Old Dominion Freight Line by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 27 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Old Dominion Freight Line by 1.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after acquiring an additional 30 shares in the last quarter. Partners Capital Investment Group LLP increased its stake in shares of Old Dominion Freight Line by 6.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 697 shares of the transportation company’s stock worth $283,000 after acquiring an additional 40 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Old Dominion Freight Line by 0.9% during the fourth quarter. Metis Global Partners LLC now owns 5,191 shares of the transportation company’s stock worth $2,104,000 after acquiring an additional 47 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Old Dominion Freight Line by 0.6% during the first quarter. Gulf International Bank UK Ltd now owns 8,474 shares of the transportation company’s stock valued at $1,858,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.
Analyst Upgrades and Downgrades
ODFL has been the subject of a number of recent analyst reports. Barclays decreased their price objective on Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, June 12th. TD Cowen increased their price target on Old Dominion Freight Line from $206.00 to $214.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company decreased their price target on Old Dominion Freight Line from $175.00 to $170.00 and set an “underweight” rating for the company in a research note on Thursday. BMO Capital Markets increased their price target on Old Dominion Freight Line from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley decreased their price target on Old Dominion Freight Line from $174.00 to $168.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $201.33.
View Our Latest Report on ODFL
Old Dominion Freight Line Company 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.
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