Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 85.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,906 shares of the transportation company’s stock after buying an additional 2,718 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Old Dominion Freight Line were worth $1,295,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth $27,000. Farmers & Merchants Investments Inc. grew its stake in shares of Old Dominion Freight Line by 100.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock worth $27,000 after purchasing an additional 62 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth $29,000. Fortitude Family Office LLC grew its stake in Old Dominion Freight Line by 103.0% in the 1st quarter. Fortitude Family Office LLC now owns 134 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 68 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its stake in Old Dominion Freight Line by 138.3% in the 1st quarter. Washington Trust Advisors Inc. now owns 143 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 83 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Down 0.2 %

ODFL traded down $0.39 on Monday, reaching $202.54. 254,940 shares of the company’s stock were exchanged, compared to its average volume of 1,618,579. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 1.46. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $227.80. The company’s 50 day moving average is $180.27 and its 200-day moving average is $198.82. The company has a market cap of $44.01 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 3.92 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $1.33 earnings per share. Old Dominion Freight Line’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts predict that Old Dominion Freight Line, Inc. will post 5.73 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.31%.

Analyst Ratings Changes

ODFL has been the topic of a number of research reports. Barclays lowered their price objective on shares of Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 12th. Vertical Research raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price objective on the stock in a research note on Monday, April 29th. Raymond James increased their price objective 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. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a report on Thursday. Finally, Evercore ISI restated an “in-line” rating and issued a $196.00 target price (down from $225.00) on shares of Old Dominion Freight Line in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $202.78.

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.