Old Dominion Freight Line, Inc. (ODFL) Holdings Trimmed by Cim LLC

Cim LLC cut its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 30.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,917 shares of the transportation company’s stock after selling 1,683 shares during the period. Cim LLC’s holdings in Old Dominion Freight Line were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Old Dominion Freight Line by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 5,590 shares of the transportation company’s stock worth $534,000 after acquiring an additional 49 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Old Dominion Freight Line by 1.9% during the second quarter. Capstone Asset Management Co. now owns 7,453 shares of the transportation company’s stock worth $710,000 after acquiring an additional 140 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Old Dominion Freight Line by 0.4% in the 2nd quarter. First Quadrant L P CA now owns 33,490 shares of the transportation company’s stock valued at $3,190,000 after purchasing an additional 140 shares during the period. Atria Investments LLC raised its stake in shares of Old Dominion Freight Line by 5.5% in the 2nd quarter. Atria Investments LLC now owns 2,925 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 153 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Old Dominion Freight Line by 0.7% in the 2nd quarter. Aperio Group LLC now owns 23,868 shares of the transportation company’s stock valued at $2,273,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 74.00% of the company’s stock.

Several research firms have issued reports on ODFL. Robert W. Baird reissued a “hold” rating and issued a $113.00 price target on shares of Old Dominion Freight Line in a research note on Friday, October 6th. BidaskClub downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Cowen and Company reissued a “hold” rating and issued a $100.00 price target on shares of Old Dominion Freight Line in a research note on Friday, September 1st. Buckingham Research began coverage on Old Dominion Freight Line in a research note on Monday, August 21st. They issued a “neutral” rating and a $105.00 price target on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $115.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.23.

In related news, Vice Chairman David S. Congdon sold 575 shares of Old Dominion Freight Line stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total value of $56,252.25. Following the sale, the insider now owns 9,516 shares of the company’s stock, valued at $930,950.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.00% of the stock is currently owned by insiders.

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Old Dominion Freight Line, Inc. (NASDAQ ODFL) traded down $1.99 during trading hours on Thursday, hitting $118.96. The company had a trading volume of 82,389 shares, compared to its average volume of 570,281. The company has a current ratio of 1.44, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $9,985.61, a P/E ratio of 29.86, a P/E/G ratio of 1.78 and a beta of 1.20. Old Dominion Freight Line, Inc. has a twelve month low of $73.01 and a twelve month high of $124.13.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $872.99 million for the quarter, compared to the consensus estimate of $855.85 million. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. Old Dominion Freight Line’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. research analysts anticipate that Old Dominion Freight Line, Inc. will post 4.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Tuesday, December 5th. Old Dominion Freight Line’s dividend payout ratio is currently 9.85%.

Old Dominion Freight Line Company Profile

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.

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

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