Vontobel Holding Ltd. Purchases 824 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Vontobel Holding Ltd. lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,790 shares of the transportation company’s stock after buying an additional 824 shares during the quarter. Vontobel Holding Ltd.’s holdings in Old Dominion Freight Line were worth $1,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ODFL. SeaCrest Wealth Management LLC raised its holdings in shares of Old Dominion Freight Line by 4.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,203 shares of the transportation company’s stock valued at $636,000 after purchasing an additional 125 shares during the period. Jamison Private Wealth Management Inc. raised its stake in Old Dominion Freight Line by 7.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 9,304 shares of the transportation company’s stock valued at $1,848,000 after buying an additional 627 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Old Dominion Freight Line by 223.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,512 shares of the transportation company’s stock valued at $1,293,000 after buying an additional 4,500 shares during the last quarter. CVA Family Office LLC boosted its stake in shares of Old Dominion Freight Line by 23.5% during the 3rd quarter. CVA Family Office LLC now owns 394 shares of the transportation company’s stock worth $78,000 after acquiring an additional 75 shares during the period. Finally, Crestmont Private Wealth LLC acquired a new position in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $200,000. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Stock Performance

Shares of Old Dominion Freight Line stock opened at $199.54 on Friday. The company has a 50 day moving average of $195.53 and a 200-day moving average of $191.37. The company has a market cap of $43.36 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 4.24 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. 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 earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $1.33 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.59 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.31%.

Insider Activity

In related news, Chairman David S. Congdon sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $195.17, for a total value of $1,951,700.00. Following the completion of the transaction, the chairman now owns 1,391,621 shares of the company’s stock, valued at $271,602,670.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $195.17, for a total value of $1,951,700.00. Following the completion of the transaction, the chairman now owns 1,391,621 shares of the company’s stock, valued at $271,602,670.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David S. Congdon sold 29,975 shares of Old Dominion Freight Line stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $201.30, for a total value of $6,033,967.50. Following the sale, the chairman now directly owns 1,401,621 shares in the company, valued at $282,146,307.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group cut their price target on Old Dominion Freight Line from $228.00 to $216.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Raymond James upped their price target on shares of Old Dominion Freight Line from $190.00 to $209.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Robert W. Baird increased their price target on shares of Old Dominion Freight Line from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. TD Cowen reduced their price objective on Old Dominion Freight Line from $214.00 to $209.00 and set a “hold” rating for the company in a report on Friday, September 6th. Finally, Citigroup initiated coverage on Old Dominion Freight Line in a research note on Wednesday, October 9th. They set a “neutral” rating and a $206.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $200.56.

Old Dominion Freight Line Company 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.