Sib LLC Maintains Position in Old Dominion Freight Line (ODFL)

Sib LLC continued to hold its stake in Old Dominion Freight Line (NASDAQ:ODFL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,354 shares of the company’s stock at the end of the first quarter. Old Dominion Freight Line comprises about 10.6% of Sib LLC’s holdings, making the stock its largest position. Sib LLC owned 0.18% of Old Dominion Freight Line worth $12,866,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Westpac Banking Corp increased its stake in shares of Old Dominion Freight Line by 1.3% in the third quarter. Westpac Banking Corp now owns 3,792 shares of the company’s stock worth $260,000 after buying an additional 50 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Old Dominion Freight Line by 0.8% in the third quarter. Pacer Advisors Inc. now owns 8,240 shares of the company’s stock worth $565,000 after buying an additional 69 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Old Dominion Freight Line by 0.5% in the third quarter. GHP Investment Advisors Inc. now owns 17,853 shares of the company’s stock worth $1,225,000 after buying an additional 90 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Old Dominion Freight Line by 2.1% in the first quarter. Capstone Asset Management Co. now owns 7,313 shares of the company’s stock worth $626,000 after buying an additional 150 shares in the last quarter. Finally, Advantus Capital Management Inc increased its stake in shares of Old Dominion Freight Line by 2.2% in the third quarter. Advantus Capital Management Inc now owns 8,470 shares of the company’s stock worth $581,000 after buying an additional 184 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

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

Old Dominion Freight Line (NASDAQ:ODFL) traded down 0.835% during midday trading on Thursday, hitting $81.375. 329,180 shares of the stock were exchanged. The company has a 50 day moving average price of $87.50 and a 200 day moving average price of $83.89. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 22.865 and a beta of 1.02. Old Dominion Freight Line has a one year low of $56.74 and a one year high of $94.97.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Thursday, February 2nd. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.03. The business earned $745.74 million during the quarter, compared to the consensus estimate of $739.36 million. Old Dominion Freight Line had a net margin of 9.89% and a return on equity of 16.69%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. Equities analysts anticipate that Old Dominion Freight Line will post $3.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Monday, March 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, March 2nd.

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A number of research analysts have issued reports on ODFL shares. Seaport Global Securities reissued a “buy” rating and set a $105.00 target price on shares of Old Dominion Freight Line in a research note on Friday, December 16th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Thursday, January 12th. Credit Suisse Group AG reissued a “buy” rating and set a $92.00 target price on shares of Old Dominion Freight Line in a research note on Sunday, February 5th. Finally, Vertical Research started coverage on shares of Old Dominion Freight Line in a research note on Thursday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $93.17.

Old Dominion Freight Line Company Profile

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.

5 Day Chart for NASDAQ:ODFL

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