Sanctuary Advisors LLC Purchases 6,097 Shares of Old Dominion Freight Line, Inc. $ODFL

Sanctuary Advisors LLC lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 12.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,873 shares of the transportation company’s stock after buying an additional 6,097 shares during the quarter. Sanctuary Advisors LLC’s holdings in Old Dominion Freight Line were worth $10,918,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Old Dominion Freight Line in the fourth quarter valued at $444,983,000. Boston Partners acquired a new stake in Old Dominion Freight Line during the 3rd quarter worth about $292,599,000. Price T Rowe Associates Inc. MD grew its holdings in Old Dominion Freight Line by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,223,960 shares of the transportation company’s stock worth $2,230,318,000 after acquiring an additional 1,761,511 shares during the period. Two Sigma Investments LP raised its position in shares of Old Dominion Freight Line by 637.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,576,470 shares of the transportation company’s stock worth $221,935,000 after acquiring an additional 1,362,697 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new position in shares of Old Dominion Freight Line in the 4th quarter worth about $188,651,000. Institutional investors own 77.82% of the company’s stock.

Insider Buying and Selling

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 22,107 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $191.52, for a total value of $4,233,932.64. Following the completion of the sale, the director owned 88,551 shares of the company’s stock, valued at approximately $16,959,287.52. This trade represents a 19.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.00% of the company’s stock.

Old Dominion Freight Line Price Performance

ODFL stock opened at $237.15 on Friday. The stock has a market capitalization of $49.32 billion, a PE ratio of 49.61, a price-to-earnings-growth ratio of 4.07 and a beta of 1.18. The company’s 50-day moving average is $221.07 and its 200-day moving average is $201.95. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $252.03.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $1.19 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.55 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a $0.29 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $1.16 annualized dividend and a yield of 0.5%. Old Dominion Freight Line’s dividend payout ratio is presently 24.27%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group upped their target price on Old Dominion Freight Line from $216.00 to $224.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Robert W. Baird set a $229.00 target price on Old Dominion Freight Line and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Raymond James Financial reissued an “outperform” rating and issued a $241.00 price target (up from $224.00) on shares of Old Dominion Freight Line in a research note on Monday. Stephens restated an “overweight” rating and set a $240.00 price target (up from $232.00) on shares of Old Dominion Freight Line in a report on Thursday, April 30th. Finally, Rothschild & Co Redburn cut their price target on Old Dominion Freight Line from $176.00 to $172.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $222.00.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.