Blue Trust Inc. Purchases 732 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Blue Trust Inc. lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 72.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,746 shares of the transportation company’s stock after acquiring an additional 732 shares during the period. Blue Trust Inc.’s holdings in Old Dominion Freight Line were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moss Adams Wealth Advisors LLC acquired a new position in Old Dominion Freight Line during the 3rd quarter worth approximately $215,000. Aaron Wealth Advisors LLC acquired a new position in Old Dominion Freight Line during the 3rd quarter worth approximately $266,000. Stonegate Investment Group LLC acquired a new position in Old Dominion Freight Line during the 3rd quarter worth approximately $229,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Old Dominion Freight Line by 8.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,317 shares of the transportation company’s stock worth $4,036,000 after purchasing an additional 1,627 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in Old Dominion Freight Line by 3.7% during the 3rd quarter. Global Retirement Partners LLC now owns 5,984 shares of the transportation company’s stock worth $1,189,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $188.67 on Thursday. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $227.80. The company has a 50-day simple moving average of $195.77 and a 200 day simple moving average of $190.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $41.00 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 4.18 and a beta of 0.99.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.48 earnings per share (EPS) 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 business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $1.33 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that Old Dominion Freight Line, Inc. will post 5.59 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.55%. Old Dominion Freight Line’s payout ratio is 18.31%.

Insider Transactions at Old Dominion Freight Line

In other news, 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 completion of the transaction, the chairman now owns 1,401,621 shares in the company, valued at $282,146,307.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 completion of the transaction, the chairman now owns 1,401,621 shares in the company, valued at $282,146,307.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David S. Congdon sold 10,000 shares of Old Dominion Freight Line stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $195.17, for a total transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

Analyst Ratings Changes

ODFL has been the subject of a number of research analyst reports. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, September 11th. 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 report on Thursday, July 25th. Citigroup started coverage on shares of Old Dominion Freight Line in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $206.00 price target for the company. Robert W. Baird upped 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 research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Old Dominion Freight Line from $193.00 to $189.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $199.44.

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.