Wilkinson Global Asset Management LLC Has $18.44 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Wilkinson Global Asset Management LLC boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 108.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,421 shares of the transportation company’s stock after buying an additional 54,331 shares during the quarter. Old Dominion Freight Line makes up approximately 1.2% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 26th biggest position. Wilkinson Global Asset Management LLC’s holdings in Old Dominion Freight Line were worth $18,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. Benjamin F. Edwards & Company Inc. increased its position in shares of Old Dominion Freight Line by 1,093.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the transportation company’s stock worth $237,000 after buying an additional 536 shares during the period. Lincoln National Corp raised its position in shares of Old Dominion Freight Line by 66.9% in the 4th quarter. Lincoln National Corp now owns 1,768 shares of the transportation company’s stock worth $717,000 after acquiring an additional 709 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $194,000. Teacher Retirement System of Texas boosted its position in shares of Old Dominion Freight Line by 47.6% during the 4th quarter. Teacher Retirement System of Texas now owns 34,383 shares of the transportation company’s stock valued at $13,936,000 after purchasing an additional 11,095 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Old Dominion Freight Line by 135.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 132 shares of the transportation company’s stock worth $54,000 after purchasing an additional 76 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL traded down $1.24 during trading hours on Friday, reaching $184.82. 1,429,755 shares of the company were exchanged, compared to its average volume of 1,587,230. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $40.16 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.76 and a beta of 0.99. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $227.80. The business’s 50 day simple moving average is $194.08 and its 200-day simple moving average is $197.46.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. Old Dominion Freight Line’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.31%.

Insider Buying and Selling at Old Dominion Freight Line

In other news, Chairman David S. Congdon sold 29,975 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $201.30, for a total value of $6,033,967.50. Following the sale, the chairman now owns 1,401,621 shares of the company’s stock, valued at $282,146,307.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Chairman David S. Congdon sold 29,975 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $201.30, for a total value of $6,033,967.50. Following the completion of the transaction, the chairman now directly owns 1,401,621 shares of the company’s stock, valued at $282,146,307.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David S. Congdon sold 10,000 shares of the business’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 sale, the chairman now owns 1,391,621 shares in the company, valued at $271,602,670.57. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $214.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday. Raymond James increased their price objective 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. Wells Fargo & Company decreased their target price on Old Dominion Freight Line from $175.00 to $170.00 and set an “underweight” rating for the company in a research report on Thursday. Bank of America dropped their price target on Old Dominion Freight Line from $210.00 to $206.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Barclays reduced their price objective on Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $201.00.

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.