Mount Yale Investment Advisors LLC Has $903,000 Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mount Yale Investment Advisors LLC decreased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 11.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,115 shares of the transportation company’s stock after selling 675 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Old Dominion Freight Line by 5.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 510,244 shares of the transportation company’s stock worth $90,109,000 after purchasing an additional 25,584 shares during the period. Summit Trail Advisors LLC grew its stake in shares of Old Dominion Freight Line by 26.7% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,043 shares of the transportation company’s stock valued at $361,000 after buying an additional 431 shares during the period. Sei Investments Co. grew its stake in shares of Old Dominion Freight Line by 7.5% in the 2nd quarter. Sei Investments Co. now owns 46,415 shares of the transportation company’s stock valued at $8,198,000 after buying an additional 3,227 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in Old Dominion Freight Line by 4.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 40,811 shares of the transportation company’s stock valued at $7,210,000 after buying an additional 1,903 shares in the last quarter. Finally, AE Wealth Management LLC raised its stake in Old Dominion Freight Line by 0.9% during the 2nd quarter. AE Wealth Management LLC now owns 8,281 shares of the transportation company’s stock worth $1,462,000 after buying an additional 76 shares during the period. Institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, September 11th. BMO Capital Markets boosted their price target on shares of Old Dominion Freight Line from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. TD Cowen lowered their price objective on shares of Old Dominion Freight Line from $214.00 to $209.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Wells Fargo & Company reduced their price objective on shares of Old Dominion Freight Line from $175.00 to $170.00 and set an “underweight” rating for the company in a report on Thursday, September 5th. Finally, Raymond James upped their target price on shares of Old Dominion Freight Line from $190.00 to $209.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $201.83.

Insider Transactions at Old Dominion Freight Line

In related news, Chairman David S. Congdon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $195.17, for a total value of $1,951,700.00. Following the transaction, the chairman now owns 1,391,621 shares in the company, valued at $271,602,670.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Old Dominion Freight Line news, Chairman David S. Congdon sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $195.17, for a total transaction of $1,951,700.00. Following the sale, the chairman now directly owns 1,391,621 shares of the company’s stock, valued at $271,602,670.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David S. Congdon sold 29,975 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $201.30, for a total transaction of $6,033,967.50. Following the transaction, the chairman now owns 1,401,621 shares of the company’s stock, valued at approximately $282,146,307.30. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by company insiders.

Old Dominion Freight Line Stock Down 5.2 %

ODFL stock opened at $193.97 on Monday. The stock has a market cap of $42.15 billion, a P/E ratio of 34.15, a P/E/G ratio of 3.92 and a beta of 0.99. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $196.27 and its two-hundred day simple moving average is $195.51. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. Old Dominion Freight Line had a net margin of 21.38% and a return on equity of 30.33%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $1.33 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts expect that Old Dominion Freight Line, Inc. will post 5.64 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio is currently 18.31%.

Old Dominion Freight Line Profile

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.