Mutual of America Capital Management LLC boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,121 shares of the transportation company’s stock after buying an additional 811 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.10% of Old Dominion Freight Line worth $7,535,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Old Dominion Freight Line by 11,389.2% in the 1st quarter. BlackRock Inc. now owns 5,400,851 shares of the transportation company’s stock valued at $462,150,000 after buying an additional 5,353,843 shares in the last quarter. Janus Capital Management LLC boosted its stake in Old Dominion Freight Line by 1.0% in the 1st quarter. Janus Capital Management LLC now owns 2,789,817 shares of the transportation company’s stock valued at $238,725,000 after buying an additional 27,397 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Old Dominion Freight Line by 7.9% in the 2nd quarter. William Blair Investment Management LLC now owns 2,625,605 shares of the transportation company’s stock valued at $250,063,000 after buying an additional 191,911 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Old Dominion Freight Line by 8.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,099,932 shares of the transportation company’s stock valued at $199,998,000 after buying an additional 157,362 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Old Dominion Freight Line by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 1,923,369 shares of the transportation company’s stock worth $183,182,000 after purchasing an additional 151,407 shares in the last quarter. 73.84% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Vice Chairman David S. Congdon sold 575 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total value of $56,252.25. Following the transaction, the insider now directly owns 9,516 shares of the company’s stock, valued at approximately $930,950.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.00% of the stock is currently owned by insiders.

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) traded up 0.754% during trading on Tuesday, hitting $102.245. The stock had a trading volume of 116,625 shares. Old Dominion Freight Line, Inc. has a one year low of $66.33 and a one year high of $103.51. The stock has a 50 day moving average price of $97.62 and a 200-day moving average price of $91.89. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 26.481 and a beta of 1.07.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The company had revenue of $839.90 million for the quarter, compared to the consensus estimate of $824.68 million. During the same quarter last year, the business posted $0.98 EPS. Old Dominion Freight Line’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts predict that Old Dominion Freight Line, Inc. will post $4.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Friday, September 1st. Old Dominion Freight Line’s payout ratio is presently 10.39%.

ODFL has been the topic of a number of recent analyst reports. BidaskClub raised Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Cowen and Company reissued a “hold” rating and issued a $100.00 price objective on shares of Old Dominion Freight Line in a research note on Friday, September 1st. Buckingham Research initiated coverage on Old Dominion Freight Line in a research note on Monday, August 21st. They issued a “neutral” rating and a $105.00 price objective on the stock. Zacks Investment Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $91.00 price objective on shares of Old Dominion Freight Line in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $99.20.

Old Dominion Freight Line Profile

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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