Sanctuary Advisors LLC Acquires 12,095 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Sanctuary Advisors LLC raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 32.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,568 shares of the transportation company's stock after buying an additional 12,095 shares during the period. Sanctuary Advisors LLC's holdings in Old Dominion Freight Line were worth $10,917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ODFL. Benjamin Edwards Inc. acquired a new stake in Old Dominion Freight Line during the 2nd quarter worth approximately $25,000. LRI Investments LLC lifted its holdings in shares of Old Dominion Freight Line by 73.1% during the second quarter. LRI Investments LLC now owns 187 shares of the transportation company's stock worth $33,000 after purchasing an additional 79 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Old Dominion Freight Line by 472.5% during the second quarter. Cullen Frost Bankers Inc. now owns 229 shares of the transportation company's stock worth $40,000 after purchasing an additional 189 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line in the third quarter worth $45,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after purchasing an additional 215 shares during the period. Institutional investors own 77.82% of the company's stock.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line 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 completion of the transaction, the director now owns 97,890 shares in the company, valued at approximately $19,584,852.30. The trade was a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the sale, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.90% of the company's stock.

Wall Street Analyst Weigh In

ODFL has been the topic of a number of analyst reports. Benchmark reiterated a "hold" rating on shares of Old Dominion Freight Line in a research report on Wednesday, September 11th. Stephens reiterated an "overweight" rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. Citigroup raised their price target on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Bank of America decreased their price objective on shares of Old Dominion Freight Line from $210.00 to $206.00 and set a "neutral" rating for the company in a research report on Friday, September 6th. Finally, Argus cut shares of Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $204.00.

Old Dominion Freight Line Trading Down 1.2 %

Shares of ODFL traded down $2.35 during trading hours on Friday, reaching $200.69. 849,093 shares of the company traded hands, compared to its average volume of 1,527,076. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $209.13 and its two-hundred day moving average price is $195.93. The company has a market capitalization of $42.85 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 4.29 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the previous year, the firm posted $1.54 EPS. The business's revenue was down 3.0% on a year-over-year basis. Equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.43 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. Old Dominion Freight Line's dividend payout ratio (DPR) is 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.