Hunter Associates Investment Management LLC Boosts Holdings in Old Dominion Freight Line, Inc. $ODFL

Hunter Associates Investment Management LLC increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,423 shares of the transportation company’s stock after purchasing an additional 1,249 shares during the period. Hunter Associates Investment Management LLC’s holdings in Old Dominion Freight Line were worth $2,014,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ODFL. Larson Financial Group LLC boosted its stake in Old Dominion Freight Line by 234.8% during the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock worth $25,000 after purchasing an additional 108 shares during the period. Rossby Financial LCC acquired a new stake in Old Dominion Freight Line during the 2nd quarter worth $28,000. Wayfinding Financial LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter worth $39,000. Zions Bancorporation National Association UT acquired a new stake in Old Dominion Freight Line during the 1st quarter worth $39,000. Finally, Olde Wealth Management LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter worth $43,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Up 2.3%

Shares of NASDAQ ODFL opened at $140.42 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line, Inc. has a 52 week low of $133.69 and a 52 week high of $233.26. The firm has a 50-day moving average price of $142.87 and a 200 day moving average price of $153.53. The stock has a market capitalization of $29.51 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 3.22 and a beta of 1.19.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.28 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 22.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI decreased their price target on shares of Old Dominion Freight Line from $143.00 to $139.00 and set an “in-line” rating for the company in a research note on Thursday. Vertical Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Thursday, July 31st. Wolfe Research raised their target price on shares of Old Dominion Freight Line from $129.00 to $140.00 in a research note on Tuesday, October 7th. UBS Group raised their target price on shares of Old Dominion Freight Line from $155.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group reduced their target price on shares of Old Dominion Freight Line from $160.00 to $155.00 and set a “hold” rating for the company in a research note on Thursday, October 9th. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $159.33.

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.