Hanseatic Management Services Inc. raised its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,837 shares of the transportation company’s stock after purchasing an additional 669 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Old Dominion Freight Line were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Old Dominion Freight Line by 115.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,206 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 647 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Old Dominion Freight Line by 18.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,308 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 200 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Old Dominion Freight Line in the 2nd quarter valued at approximately $157,000. IFP Advisors Inc boosted its holdings in Old Dominion Freight Line by 12.9% in the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the transportation company’s stock valued at $198,000 after purchasing an additional 238 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Old Dominion Freight Line by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351 shares of the transportation company’s stock valued at $224,000 after purchasing an additional 288 shares in the last quarter. 73.84% of the stock is currently owned by institutional investors.

Shares of Old Dominion Freight Line, Inc. (ODFL) opened at 105.80 on Friday. The stock’s 50 day moving average is $97.80 and its 200-day moving average is $91.97. Old Dominion Freight Line, Inc. has a 52-week low of $66.33 and a 52-week high of $105.86. The firm has a market capitalization of $8.72 billion, a P/E ratio of 27.40 and a beta of 1.07.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Friday, September 1st. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 10.39%.

In other news, Vice Chairman David S. Congdon sold 575 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $97.83, for a total value of $56,252.25. Following the completion of the transaction, the insider now directly owns 9,516 shares in the company, valued at $930,950.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.00% of the company’s stock.

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A number of brokerages have weighed in on ODFL. Cowen and Company reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Old Dominion Freight Line in a report on Friday, September 1st. BidaskClub lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Buckingham Research began coverage on Old Dominion Freight Line in a report on Monday, August 21st. They issued a “neutral” rating and a $105.00 price objective on the stock. Zacks Investment Research lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating and lowered their price objective for the company from $108.00 to $98.00 in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.20.

Old Dominion Freight Line Company 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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