TD Private Client Wealth LLC Acquires 1,302 Shares of Old Dominion Freight Line, Inc. $ODFL

TD Private Client Wealth LLC lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 210.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,920 shares of the transportation company’s stock after buying an additional 1,302 shares during the period. TD Private Client Wealth LLC’s holdings in Old Dominion Freight Line were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Old Dominion Freight Line by 5.3% during the 4th quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock worth $275,000 after purchasing an additional 79 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Old Dominion Freight Line by 24,499.9% during the first quarter. GAMMA Investing LLC now owns 514,384 shares of the transportation company’s stock worth $85,105,000 after buying an additional 512,293 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Old Dominion Freight Line by 4.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company’s stock worth $268,000 after acquiring an additional 71 shares during the period. Rhumbline Advisers raised its position in Old Dominion Freight Line by 3.2% during the first quarter. Rhumbline Advisers now owns 405,103 shares of the transportation company’s stock worth $67,024,000 after acquiring an additional 12,741 shares during the period. Finally, Czech National Bank raised its position in shares of Old Dominion Freight Line by 5.9% in the first quarter. Czech National Bank now owns 43,152 shares of the transportation company’s stock valued at $7,139,000 after buying an additional 2,416 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ODFL. Stephens reduced their target price on shares of Old Dominion Freight Line from $186.00 to $174.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Barclays set a $155.00 price objective on shares of Old Dominion Freight Line and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Raymond James Financial decreased their price objective on shares of Old Dominion Freight Line from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Benchmark restated a “hold” rating and issued a $102.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, June 12th. Finally, Vertical Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus price target of $166.95.

Old Dominion Freight Line Stock Down 1.3%

ODFL stock opened at $138.59 on Monday. The company’s 50 day moving average is $150.14 and its two-hundred day moving average is $157.35. The stock has a market cap of $29.13 billion, a P/E ratio of 27.07, a PEG ratio of 3.22 and a beta of 1.23. Old Dominion Freight Line, Inc. has a twelve month low of $133.69 and a twelve month high of $233.26. 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 (NASDAQ:ODFL) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.02). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 earnings per share. Research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 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.