Old Dominion Freight Line (ODFL) Shares Bought by Gryphon Financial Partners LLC

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Gryphon Financial Partners LLC lifted its holdings in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 368.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,899 shares of the transportation company’s stock after buying an additional 1,494 shares during the period. Gryphon Financial Partners LLC’s holdings in Old Dominion Freight Line were worth $306,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue grew its position in Old Dominion Freight Line by 50.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,000 shares of the transportation company’s stock worth $1,191,000 after acquiring an additional 2,680 shares during the last quarter. Scout Investments Inc. grew its position in Old Dominion Freight Line by 3.8% during the 2nd quarter. Scout Investments Inc. now owns 107,486 shares of the transportation company’s stock worth $16,011,000 after acquiring an additional 3,938 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in Old Dominion Freight Line by 35.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 328,396 shares of the transportation company’s stock worth $48,917,000 after acquiring an additional 85,156 shares during the last quarter. Raymond James & Associates grew its position in Old Dominion Freight Line by 2.7% during the 2nd quarter. Raymond James & Associates now owns 91,025 shares of the transportation company’s stock worth $13,559,000 after acquiring an additional 2,374 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in Old Dominion Freight Line during the 2nd quarter worth $13,838,000. 72.93% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on ODFL. BidaskClub upgraded Old Dominion Freight Line from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. ValuEngine upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Bank of America upped their price target on Old Dominion Freight Line from $139.00 to $143.00 and gave the company an “underperform” rating in a research report on Thursday, August 30th. Morgan Stanley upped their price target on Old Dominion Freight Line from $158.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 9th. Finally, Cowen upped their price target on Old Dominion Freight Line from $145.00 to $156.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Old Dominion Freight Line currently has an average rating of “Hold” and a consensus price target of $146.25.

NASDAQ ODFL opened at $134.99 on Friday. Old Dominion Freight Line has a 12 month low of $116.61 and a 12 month high of $170.22. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 0.78 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 1.92.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Old Dominion Freight Line had a return on equity of 22.13% and a net margin of 16.47%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts expect that Old Dominion Freight Line will post 7.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.39%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 11.93%.

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About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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

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