Bensler LLC Has $8.25 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Bensler LLC raised its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,553 shares of the transportation company's stock after purchasing an additional 2,469 shares during the period. Bensler LLC's holdings in Old Dominion Freight Line were worth $8,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its position in shares of Old Dominion Freight Line by 20.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company's stock valued at $1,188,000 after acquiring an additional 1,017 shares in the last quarter. Truist Financial Corp lifted its holdings in Old Dominion Freight Line by 7.6% in the second quarter. Truist Financial Corp now owns 106,193 shares of the transportation company's stock worth $18,754,000 after acquiring an additional 7,460 shares during the last quarter. Forsta AP Fonden boosted its stake in Old Dominion Freight Line by 65.0% in the first quarter. Forsta AP Fonden now owns 39,600 shares of the transportation company's stock valued at $8,685,000 after acquiring an additional 15,600 shares during the period. Sei Investments Co. grew its holdings in shares of Old Dominion Freight Line by 98.6% during the first quarter. Sei Investments Co. now owns 43,188 shares of the transportation company's stock valued at $9,471,000 after purchasing an additional 21,438 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Old Dominion Freight Line by 85.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 214,954 shares of the transportation company's stock worth $47,041,000 after purchasing an additional 99,228 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Up 1.3 %

Shares of Old Dominion Freight Line stock traded up $2.89 on Friday, reaching $225.80. 539,247 shares of the company were exchanged, compared to its average volume of 1,548,416. The company has a current ratio of 1.33, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $231.36. The firm has a market capitalization of $49.06 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 4.38 and a beta of 0.99. The stock has a fifty day moving average price of $197.28 and a 200-day moving average price of $190.12.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, topping 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 company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the company posted $1.54 earnings per share. The business's revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts expect that Old Dominion Freight Line, Inc. will post 5.46 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, December 4th. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 18.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays cut their target price on Old Dominion Freight Line from $195.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company cut their price objective on shares of Old Dominion Freight Line from $170.00 to $160.00 and set an "underweight" rating on the stock in a research report on Thursday, October 24th. Raymond James upped their target price on shares of Old Dominion Freight Line from $190.00 to $209.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Robert W. Baird cut their price target on Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, Benchmark restated a "hold" rating on shares of Old Dominion Freight Line in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Old Dominion Freight Line has a consensus rating of "Hold" and a consensus price target of $196.39.

Insider Activity

In other news, Director Greg C. Gantt sold 7,000 shares of Old Dominion Freight Line stock in a transaction on 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 owns 97,890 shares in the company, valued at approximately $19,584,852.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman David S. Congdon sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $195.17, for a total transaction of $1,951,700.00. Following the transaction, the chairman now owns 1,391,621 shares of the company's stock, valued at approximately $271,602,670.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the company's stock in a transaction on 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 completion of the sale, the director now owns 97,890 shares of the company's stock, valued at $19,584,852.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,975 shares of company stock worth $9,386,158 over the last quarter. Corporate insiders own 9.90% of the company's stock.

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.