Mather Group LLC. Grows Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mather Group LLC. boosted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 235.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,036 shares of the transportation company’s stock after acquiring an additional 1,429 shares during the period. Mather Group LLC.’s holdings in Old Dominion Freight Line were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ODFL. Trust Co. of Vermont acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $27,000. Farmers & Merchants Investments Inc. increased its position in Old Dominion Freight Line by 100.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 62 shares during the period. Raleigh Capital Management Inc. acquired a new position in Old Dominion Freight Line during the 4th quarter worth $29,000. Fortitude Family Office LLC increased its holdings in shares of Old Dominion Freight Line by 103.0% during the first quarter. Fortitude Family Office LLC now owns 134 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 68 shares during the period. Finally, Washington Trust Advisors Inc. grew its position 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 buying an additional 83 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Down 0.0 %

Shares of NASDAQ:ODFL traded down $0.04 during midday trading on Wednesday, hitting $197.82. The company had a trading volume of 619,457 shares, compared to its average volume of 1,621,776. The company has a current ratio of 1.46, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $227.80. The firm has a fifty day simple moving average of $184.06 and a 200 day simple moving average of $199.23. The stock has a market cap of $42.98 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.92 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 EPS. On average, analysts predict that Old Dominion Freight Line, Inc. will post 5.73 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.31%.

Insider Activity at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Thomas A. Stith III 550 shares of the stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Old Dominion Freight Line from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. UBS Group raised their target price on Old Dominion Freight Line from $202.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. BMO Capital Markets increased their target price 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. Baird R W upgraded shares of Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Finally, Susquehanna reduced their price objective on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Old Dominion Freight Line currently has an average rating of “Hold” and a consensus target price of $202.78.

About Old Dominion Freight Line

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.