Great Valley Advisor Group Inc. Has $1.51 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Great Valley Advisor Group Inc. trimmed its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 38.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,554 shares of the transportation company’s stock after selling 5,257 shares during the period. Great Valley Advisor Group Inc.’s holdings in Old Dominion Freight Line were worth $1,511,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ODFL. Jones Financial Companies Lllp grew its position in Old Dominion Freight Line by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock worth $60,000 after acquiring an additional 27 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Old Dominion Freight Line by 1.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after buying an additional 30 shares during the period. Partners Capital Investment Group LLP raised its holdings in Old Dominion Freight Line by 6.1% in the 4th quarter. Partners Capital Investment Group LLP now owns 697 shares of the transportation company’s stock valued at $283,000 after buying an additional 40 shares during the last quarter. Hunter Associates Investment Management LLC boosted its position in Old Dominion Freight Line by 1.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 3,411 shares of the transportation company’s stock worth $1,383,000 after buying an additional 46 shares during the period. Finally, Metis Global Partners LLC boosted its position in Old Dominion Freight Line by 0.9% during the 4th quarter. Metis Global Partners LLC now owns 5,191 shares of the transportation company’s stock worth $2,104,000 after buying an additional 47 shares during the period. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $193.00 on Thursday. The company has a quick ratio of 2.29, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $41.94 billion, a PE ratio of 33.98, a PEG ratio of 3.92 and a beta of 1.00. The stock’s 50 day moving average price is $186.54 and its 200-day moving average price is $199.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, beating 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 net margin of 21.38% and a return on equity of 30.33%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ODFL shares. Morgan Stanley dropped their price target on shares of Old Dominion Freight Line from $174.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Susquehanna dropped their price objective on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. Baird R W raised Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. TD Cowen raised their price objective on shares of Old Dominion Freight Line from $206.00 to $214.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, Barclays dropped their target price 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 report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.