Integrated Wealth Concepts LLC Increases Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Integrated Wealth Concepts LLC lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,468 shares of the transportation company’s stock after purchasing an additional 101 shares during the period. Integrated Wealth Concepts LLC’s holdings in Old Dominion Freight Line were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. grew its stake in shares of Old Dominion Freight Line by 40.3% during the 2nd quarter. QRG Capital Management Inc. now owns 6,095 shares of the transportation company’s stock valued at $1,076,000 after purchasing an additional 1,752 shares during the period. Dynamic Advisor Solutions LLC grew its position in Old Dominion Freight Line by 4.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 3,263 shares of the transportation company’s stock valued at $576,000 after buying an additional 149 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Old Dominion Freight Line by 8.6% during the second quarter. Sequoia Financial Advisors LLC now owns 4,962 shares of the transportation company’s stock valued at $876,000 after buying an additional 395 shares during the last quarter. Wedmont Private Capital raised its position in Old Dominion Freight Line by 6.3% in the second quarter. Wedmont Private Capital now owns 3,513 shares of the transportation company’s stock worth $668,000 after acquiring an additional 209 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Old Dominion Freight Line by 16.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 71,514 shares of the transportation company’s stock worth $12,629,000 after acquiring an additional 10,015 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

ODFL has been the subject of several analyst reports. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a research note on Wednesday, September 11th. Bank of America decreased their price objective 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, September 6th. Susquehanna cut their price objective on Old Dominion Freight Line from $225.00 to $218.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Argus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $202.88.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $203.93 on Tuesday. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26. The company has a market cap of $43.54 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 4.25 and a beta of 1.00. The firm’s fifty day moving average is $208.28 and its 200 day moving average is $195.40. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 EPS. Sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.43 EPS 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. Stockholders of record on Wednesday, December 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, December 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.18%.

Insider Activity

In related news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction dated Friday, November 8th. The shares were 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 approximately $1,664,423.52. The trade was a 28.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director now directly owns 97,890 shares in the company, valued at $19,584,852.30. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Company 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.