Thrivent Financial For Lutherans raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,270 shares of the transportation company’s stock after purchasing an additional 6,060 shares during the quarter. Thrivent Financial For Lutherans owned 0.12% of Old Dominion Freight Line worth $9,740,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its stake in Old Dominion Freight Line by 18.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,308 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Old Dominion Freight Line by 115.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,206 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 647 shares during the period. Paradigm Asset Management Co. LLC acquired a new stake in Old Dominion Freight Line during the 2nd quarter valued at $157,000. Private Advisor Group LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $166,000. Finally, IFP Advisors Inc raised its stake in Old Dominion Freight Line by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the transportation company’s stock valued at $198,000 after purchasing an additional 238 shares during the period. 73.84% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Old Dominion Freight Line from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Credit Suisse Group reissued an “outperform” rating and set a $109.00 target price (up from $101.00) on shares of Old Dominion Freight Line in a research note on Thursday, July 13th. They noted that the move was a valuation call. Bank of America Corporation raised shares of Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $83.00 to $96.00 in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and cut their target price for the company from $108.00 to $98.00 in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Old Dominion Freight Line currently has a consensus rating of “Hold” and an average target price of $99.20.

In related news, Vice Chairman David S. Congdon sold 575 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $97.83, for a total transaction of $56,252.25. Following the sale, the insider now directly owns 9,516 shares in the company, valued at $930,950.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.00% of the company’s stock.

Old Dominion Freight Line, Inc. (NASDAQ ODFL) opened at 105.80 on Friday. Old Dominion Freight Line, Inc. has a 1-year low of $66.33 and a 1-year high of $105.86. The firm has a market capitalization of $8.72 billion, a P/E ratio of 27.40 and a beta of 1.07. The stock has a 50 day moving average of $97.80 and a 200-day moving average of $91.97.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The business had revenue of $839.90 million for the quarter, compared to analyst estimates of $824.68 million. During the same period last year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Old Dominion Freight Line, Inc. will post $4.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Old Dominion Freight Line’s payout ratio is 10.39%.

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About Old Dominion Freight Line

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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