Chicago Equity Partners LLC lifted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 68.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,030 shares of the transportation company’s stock after acquiring an additional 9,360 shares during the quarter. Chicago Equity Partners LLC’s holdings in Old Dominion Freight Line were worth $2,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BT Investment Management Ltd increased its stake in shares of Old Dominion Freight Line by 49.5% during the third quarter. BT Investment Management Ltd now owns 12,361 shares of the transportation company’s stock valued at $1,361,000 after acquiring an additional 4,091 shares during the period. Dupont Capital Management Corp boosted its holdings in Old Dominion Freight Line by 341.5% during the third quarter. Dupont Capital Management Corp now owns 36,845 shares of the transportation company’s stock worth $4,057,000 after buying an additional 28,500 shares in the last quarter. Palisade Capital Management LLC NJ boosted its holdings in Old Dominion Freight Line by 1.7% during the third quarter. Palisade Capital Management LLC NJ now owns 257,551 shares of the transportation company’s stock worth $28,359,000 after buying an additional 4,306 shares in the last quarter. Mesirow Financial Investment Management Equity Management boosted its holdings in Old Dominion Freight Line by 2.7% during the third quarter. Mesirow Financial Investment Management Equity Management now owns 15,995 shares of the transportation company’s stock worth $1,761,000 after buying an additional 425 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Old Dominion Freight Line by 1.7% during the third quarter. Victory Capital Management Inc. now owns 1,749,177 shares of the transportation company’s stock worth $192,603,000 after buying an additional 30,025 shares in the last quarter. Institutional investors and hedge funds own 74.00% of the company’s stock.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) opened at $118.90 on Friday. Old Dominion Freight Line, Inc. has a 52 week low of $79.35 and a 52 week high of $124.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.29. The company has a market cap of $9,794.51, a P/E ratio of 29.29, a P/E/G ratio of 1.74 and a beta of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. The firm had revenue of $872.99 million during the quarter, compared to analyst estimates of $855.85 million. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue was up 11.5% on a year-over-year basis. analysts forecast that Old Dominion Freight Line, Inc. will post 4.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Tuesday, December 5th. Old Dominion Freight Line’s dividend payout ratio is 9.85%.

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A number of analysts recently weighed in on the stock. Robert W. Baird restated a “hold” rating and set a $113.00 target price on shares of Old Dominion Freight Line in a report on Friday, October 6th. BidaskClub cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Cowen and Company restated a “hold” rating and set a $100.00 target price on shares of Old Dominion Freight Line in a report on Friday, September 1st. Buckingham Research assumed coverage on shares of Old Dominion Freight Line in a report on Monday, August 21st. They set a “neutral” rating and a $105.00 target price for the company. Finally, KeyCorp restated a “buy” rating and set a $115.00 target price on shares of Old Dominion Freight Line in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $108.23.

In related news, Vice Chairman David S. Congdon sold 575 shares of the firm’s 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 owns 9,516 shares of the company’s stock, valued at approximately $930,950.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.00% of the company’s stock.

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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