Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621,745 shares of the transportation company’s stock after selling 31,859 shares during the period. Thrivent Financial for Lutherans’ holdings in Old Dominion Freight Line were worth $123,503,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. RiverPark Advisors LLC raised its stake in shares of Old Dominion Freight Line by 6.9% in the 3rd quarter. RiverPark Advisors LLC now owns 3,954 shares of the transportation company’s stock worth $785,000 after buying an additional 256 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in Old Dominion Freight Line by 2.9% during the third quarter. Mutual of America Capital Management LLC now owns 26,182 shares of the transportation company’s stock worth $5,201,000 after acquiring an additional 747 shares during the period. Kinsale Capital Group Inc. raised its position in Old Dominion Freight Line by 18.4% in the third quarter. Kinsale Capital Group Inc. now owns 23,293 shares of the transportation company’s stock worth $4,627,000 after acquiring an additional 3,614 shares in the last quarter. Natixis Advisors LLC raised its position in Old Dominion Freight Line by 17.1% in the third quarter. Natixis Advisors LLC now owns 324,906 shares of the transportation company’s stock worth $64,539,000 after acquiring an additional 47,354 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Old Dominion Freight Line by 6.0% in the 3rd quarter. Empowered Funds LLC now owns 3,543 shares of the transportation company’s stock valued at $704,000 after acquiring an additional 199 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ODFL shares. Evercore ISI lowered their price objective on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. Robert W. Baird decreased their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Barclays increased their price objective on Old Dominion Freight Line from $190.00 to $220.00 and gave the company an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating and decreased their target price for the stock from $209.00 to $197.00 in a report on Monday, October 21st. Finally, Citigroup upped their target price on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $200.00.

Old Dominion Freight Line Stock Down 3.5 %

Old Dominion Freight Line stock opened at $215.57 on Friday. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $46.02 billion, a PE ratio of 37.69, a P/E/G ratio of 4.51 and a beta of 0.99. The firm’s 50 day moving average price is $201.32 and its two-hundred day moving average price is $191.30.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company posted $1.54 EPS. Old Dominion Freight Line’s revenue was down 3.0% on a year-over-year basis. On average, research analysts predict that Old Dominion Freight Line, Inc. will post 5.43 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Wednesday, December 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.18%.

Insider Activity

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the transaction, the director now directly owns 97,890 shares in the company, valued at $19,584,852.30. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chairman now owns 1,391,621 shares of the company’s stock, valued at approximately $271,602,670.57. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,975 shares of company stock worth $10,062,478 in the last three months. 9.90% of the stock is owned by insiders.

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.