Old Dominion Freight Line, Inc. (ODFL) Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,145 shares of the transportation company’s stock after purchasing an additional 5,930 shares during the period. Legal & General Group Plc owned 0.10% of Old Dominion Freight Line worth $8,933,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Eagle Asset Management Inc. lifted its position in shares of Old Dominion Freight Line by 11.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 298,949 shares of the transportation company’s stock worth $32,785,000 after purchasing an additional 31,036 shares during the period. SPF Beheer BV lifted its position in shares of Old Dominion Freight Line by 6.5% in the 3rd quarter. SPF Beheer BV now owns 822,422 shares of the transportation company’s stock worth $90,557,000 after purchasing an additional 49,878 shares during the period. Granite Investment Partners LLC lifted its position in shares of Old Dominion Freight Line by 4.4% in the 3rd quarter. Granite Investment Partners LLC now owns 61,464 shares of the transportation company’s stock worth $6,768,000 after purchasing an additional 2,576 shares during the period. Cipher Capital LP lifted its position in shares of Old Dominion Freight Line by 95.6% in the 3rd quarter. Cipher Capital LP now owns 5,491 shares of the transportation company’s stock worth $605,000 after purchasing an additional 2,684 shares during the period. Finally, Columbia Partners L L C Investment Management purchased a new position in Old Dominion Freight Line during the 3rd quarter valued at about $2,323,000. 72.45% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on ODFL shares. Cowen reissued a “hold” rating and set a $100.00 price target on shares of Old Dominion Freight Line in a research report on Friday, September 1st. Bank of America cut shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $105.00 to $102.00 in a research report on Tuesday, October 10th. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating and set a $115.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, October 12th. Credit Suisse Group reissued an “outperform” rating and set a $119.00 price target (up from $110.00) on shares of Old Dominion Freight Line in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Citigroup lifted their price target on shares of Old Dominion Freight Line from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.46.

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) opened at $129.00 on Thursday. The firm has a market cap of $10,594.37, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. Old Dominion Freight Line, Inc. has a 12 month low of $80.56 and a 12 month high of $131.39.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $872.99 million during the quarter, compared to analyst estimates of $855.85 million. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. Old Dominion Freight Line’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. equities research analysts predict that Old Dominion Freight Line, Inc. will post 4.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Old Dominion Freight Line’s dividend payout ratio is currently 9.85%.

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About Old Dominion Freight Line

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.

Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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