PDS Planning Inc Has $260,000 Position in Old Dominion Freight Line, Inc. $ODFL

PDS Planning Inc boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 21.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,605 shares of the transportation company’s stock after buying an additional 284 shares during the quarter. PDS Planning Inc’s holdings in Old Dominion Freight Line were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC boosted its position in Old Dominion Freight Line by 234.8% during the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 108 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Old Dominion Freight Line during the first quarter valued at $39,000. Zions Bancorporation National Association UT bought a new stake in Old Dominion Freight Line during the first quarter valued at $39,000. Olde Wealth Management LLC bought a new stake in Old Dominion Freight Line during the first quarter valued at $43,000. Finally, WPG Advisers LLC bought a new stake in Old Dominion Freight Line during the first quarter valued at $51,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ODFL has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Old Dominion Freight Line from $155.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Baird R W raised shares of Old Dominion Freight Line to a “hold” rating in a research report on Tuesday, July 1st. Vertical Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Thursday, July 31st. Barclays cut their price objective on shares of Old Dominion Freight Line from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Finally, Citigroup cut their price objective on shares of Old Dominion Freight Line from $174.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and a consensus price target of $164.09.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $134.31 on Monday. Old Dominion Freight Line, Inc. has a fifty-two week low of $133.69 and a fifty-two week high of $233.26. The stock has a market cap of $28.23 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50-day simple moving average is $146.39 and its 200 day simple moving average is $155.61.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.02). Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business posted $1.48 EPS. Old Dominion Freight Line’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.12 annualized dividend and a yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 21.88%.

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.