Linden Thomas Advisory Services LLC Acquires 230 Shares of Old Dominion Freight Line, Inc. $ODFL

Linden Thomas Advisory Services LLC boosted its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,970 shares of the transportation company’s stock after buying an additional 230 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Old Dominion Freight Line were worth $1,456,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Stephens Inc. AR raised its position in Old Dominion Freight Line by 0.7% during the second quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock valued at $1,665,000 after purchasing an additional 67 shares in the last quarter. Benjamin Edwards Inc. raised its position in Old Dominion Freight Line by 3.1% during the first quarter. Benjamin Edwards Inc. now owns 2,368 shares of the transportation company’s stock valued at $392,000 after purchasing an additional 71 shares in the last quarter. Brighton Jones LLC raised its position in Old Dominion Freight Line by 5.3% during the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 79 shares in the last quarter. Grimes & Company Inc. raised its position in Old Dominion Freight Line by 6.5% during the second quarter. Grimes & Company Inc. now owns 1,451 shares of the transportation company’s stock valued at $236,000 after purchasing an additional 88 shares in the last quarter. Finally, Triumph Capital Management raised its position in Old Dominion Freight Line by 7.0% during the second quarter. Triumph Capital Management now owns 1,357 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Old Dominion Freight Line in a research report on Saturday. Baird R W upgraded Old Dominion Freight Line to a “hold” rating in a research report on Tuesday, July 1st. Robert W. Baird set a $148.00 price target on Old Dominion Freight Line and gave the company a “neutral” rating in a research report on Monday, August 4th. Stephens lowered their price target on Old Dominion Freight Line from $186.00 to $174.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Finally, Morgan Stanley lowered their price target on Old Dominion Freight Line from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $161.90.

Old Dominion Freight Line Stock Up 0.2%

ODFL opened at $136.12 on Friday. The company has a market cap of $28.61 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.22 and a beta of 1.19. The business’s 50-day moving average price is $144.43 and its 200-day moving average price is $154.24. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.04. Old Dominion Freight Line, Inc. has a 12 month low of $133.69 and a 12 month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.02). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%.The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 EPS. On average, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, December 3rd. Old Dominion Freight Line’s payout ratio is currently 21.88%.

About Old Dominion Freight Line

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.