Corient Private Wealth LLC Has $25.92 Million Holdings in Old Dominion Freight Line, Inc. $ODFL

Corient Private Wealth LLC trimmed its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,703 shares of the transportation company’s stock after selling 8,400 shares during the quarter. Corient Private Wealth LLC owned about 0.08% of Old Dominion Freight Line worth $25,920,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Stephens Inc. AR increased its holdings in shares of Old Dominion Freight Line by 0.7% during the second quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 67 shares during the period. YANKCOM Partnership grew its position in Old Dominion Freight Line by 9.1% during the second quarter. YANKCOM Partnership now owns 818 shares of the transportation company’s stock worth $133,000 after buying an additional 68 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in Old Dominion Freight Line by 4.4% in the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 1,674 shares of the transportation company’s stock valued at $272,000 after acquiring an additional 71 shares in the last quarter. iA Global Asset Management Inc. lifted its position in shares of Old Dominion Freight Line by 0.3% during the 2nd quarter. iA Global Asset Management Inc. now owns 23,468 shares of the transportation company’s stock valued at $3,809,000 after acquiring an additional 72 shares during the period. Finally, STF Management LP grew its holdings in shares of Old Dominion Freight Line by 2.4% during the 2nd quarter. STF Management LP now owns 3,277 shares of the transportation company’s stock worth $532,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.8%

Shares of NASDAQ:ODFL opened at $155.73 on Thursday. Old Dominion Freight Line, Inc. has a 52-week low of $126.01 and a 52-week high of $209.61. The company has a market capitalization of $32.56 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 7.76 and a beta of 1.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. The company has a fifty day moving average of $140.63 and a 200-day moving average of $149.49.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $1.43 EPS. Old Dominion Freight Line’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, December 3rd. Old Dominion Freight Line’s dividend payout ratio (DPR) is 22.54%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ODFL shares. Barclays dropped their price target on Old Dominion Freight Line from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Stephens dropped their target price on shares of Old Dominion Freight Line from $162.00 to $156.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. UBS Group upped their price target on shares of Old Dominion Freight Line from $155.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Evercore ISI decreased their price objective on shares of Old Dominion Freight Line from $143.00 to $139.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Finally, Morgan Stanley upgraded shares of Old Dominion Freight Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $165.00 to $190.00 in a research report on Monday, December 8th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $154.96.

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.