Markel Group Inc. Has $58.60 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Markel Group Inc. lifted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,000 shares of the transportation company's stock after purchasing an additional 15,500 shares during the period. Markel Group Inc. owned approximately 0.14% of Old Dominion Freight Line worth $58,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bensler LLC raised its stake in Old Dominion Freight Line by 6.3% during the 3rd quarter. Bensler LLC now owns 41,553 shares of the transportation company's stock valued at $8,254,000 after purchasing an additional 2,469 shares during the period. Principal Financial Group Inc. grew its holdings in Old Dominion Freight Line by 26.9% during the third quarter. Principal Financial Group Inc. now owns 421,140 shares of the transportation company's stock valued at $83,655,000 after purchasing an additional 89,395 shares during the last quarter. Wilkinson Global Asset Management LLC boosted its holdings in Old Dominion Freight Line by 1.0% during the third quarter. Wilkinson Global Asset Management LLC now owns 105,489 shares of the transportation company's stock valued at $20,954,000 after acquiring an additional 1,068 shares during the period. Graypoint LLC grew its holdings in Old Dominion Freight Line by 21.9% in the 3rd quarter. Graypoint LLC now owns 1,539 shares of the transportation company's stock valued at $306,000 after buying an additional 276 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in Old Dominion Freight Line by 6.8% during the third quarter. Pittenger & Anderson Inc. now owns 19,953 shares of the transportation company's stock worth $3,963,000 after acquiring an additional 1,272 shares during the period. Institutional investors and hedge funds own 77.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ODFL. Citigroup initiated coverage on Old Dominion Freight Line in a research report on Wednesday, October 9th. They set a "neutral" rating and a $206.00 price objective on the stock. Barclays dropped their target price on Old Dominion Freight Line from $195.00 to $190.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Susquehanna decreased their price target on Old Dominion Freight Line from $225.00 to $218.00 and set a "positive" rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price objective on Old Dominion Freight Line from $170.00 to $160.00 and set an "underweight" rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Old Dominion Freight Line from $193.00 to $189.00 and set a "neutral" rating on the stock in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $196.39.

Insider Activity

In other Old Dominion Freight Line news, Chairman David S. Congdon sold 10,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $195.17, for a total transaction of $1,951,700.00. Following the completion of the transaction, the chairman now owns 1,391,621 shares in the company, valued at approximately $271,602,670.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman David S. Congdon sold 10,000 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $195.17, for a total value of $1,951,700.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $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 a total of 46,975 shares of company stock valued at $9,386,158 in the last ninety days. 9.90% of the stock is owned by insiders.

Old Dominion Freight Line Trading Up 1.4 %

Shares of NASDAQ ODFL traded up $3.20 during mid-day trading on Friday, hitting $226.11. The company's stock had a trading volume of 1,092,606 shares, compared to its average volume of 1,529,565. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.46. The stock has a market cap of $49.13 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 6.49 and a beta of 0.99. The company's fifty day simple moving average is $197.95 and its 200-day simple moving average is $190.23. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $231.36.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, beating 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 quarter in the previous year, the company posted $1.54 EPS. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.46 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

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

Old Dominion Freight Line 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.