RPg Family Wealth Advisory LLC Makes New $45,000 Investment in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

RPg Family Wealth Advisory LLC acquired a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 226 shares of the transportation company’s stock, valued at approximately $45,000.

Other large investors also recently modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its stake in Old Dominion Freight Line by 99.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 6,578 shares of the transportation company’s stock worth $1,443,000 after purchasing an additional 3,285 shares during the period. Janus Henderson Group PLC grew its stake in Old Dominion Freight Line by 91.3% during the first quarter. Janus Henderson Group PLC now owns 26,320 shares of the transportation company’s stock valued at $5,769,000 after acquiring an additional 12,563 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Old Dominion Freight Line by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,492 shares of the transportation company’s stock valued at $327,000 after acquiring an additional 66 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Old Dominion Freight Line by 157.4% during the 1st quarter. Tidal Investments LLC now owns 15,769 shares of the transportation company’s stock valued at $3,458,000 after purchasing an additional 9,642 shares during the last quarter. Finally, Hancock Whitney Corp grew its position in shares of Old Dominion Freight Line by 126.8% during the first quarter. Hancock Whitney Corp now owns 2,098 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 1,173 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ODFL. Robert W. Baird dropped their price target on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Stifel Nicolaus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and cut their target price for the company from $209.00 to $197.00 in a report on Monday, October 21st. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, September 11th. Barclays lifted their price objective on shares of Old Dominion Freight Line from $190.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Susquehanna decreased their price objective on Old Dominion Freight Line from $225.00 to $218.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $200.41.

Old Dominion Freight Line Trading Down 0.8 %

Shares of ODFL opened at $224.11 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 4.71 and a beta of 0.99. The company has a 50-day moving average of $205.13 and a 200 day moving average of $193.10. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results 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 net margin of 21.03% and a return on equity of 29.40%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. On average, research analysts expect that Old Dominion Freight Line, Inc. will post 5.43 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 issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, December 4th. Old Dominion Freight Line’s dividend payout ratio is 18.18%.

Insider Activity

In other news, Director Greg C. Gantt sold 7,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the transaction, the director now directly owns 97,890 shares in the company, valued at approximately $19,584,852.30. This trade represents a 6.67 % 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 link. Also, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the transaction, the director now directly owns 7,383 shares of the company’s stock, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

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.