DGS Capital Management LLC Sells 150 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

DGS Capital Management LLC lowered its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,938 shares of the transportation company’s stock after selling 150 shares during the period. DGS Capital Management LLC’s holdings in Old Dominion Freight Line were worth $385,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its holdings in Old Dominion Freight Line by 6.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,763 shares of the transportation company’s stock valued at $1,194,000 after buying an additional 435 shares during the period. Blue Trust Inc. boosted its holdings in shares of Old Dominion Freight Line by 360.9% in the 2nd quarter. Blue Trust Inc. now owns 1,014 shares of the transportation company’s stock valued at $179,000 after purchasing an additional 794 shares in the last quarter. Calton & Associates Inc. acquired a new stake in shares of Old Dominion Freight Line in the 2nd quarter valued at $203,000. Marshall Financial Group LLC increased its stake in shares of Old Dominion Freight Line by 519.1% in the 2nd quarter. Marshall Financial Group LLC now owns 9,020 shares of the transportation company’s stock valued at $1,593,000 after purchasing an additional 7,563 shares during the last quarter. Finally, Western Financial Corp CA raised its holdings in shares of Old Dominion Freight Line by 29.4% during the 2nd quarter. Western Financial Corp CA now owns 5,896 shares of the transportation company’s stock worth $1,041,000 after buying an additional 1,340 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Insider Activity at Old Dominion Freight Line

In other Old Dominion Freight Line news, 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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 97,890 shares in the company, valued at $19,584,852.30. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Benchmark reissued a “hold” rating on shares of Old Dominion Freight Line in a research note on Wednesday, September 11th. Evercore ISI reduced their price objective on Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating on the stock in a research report on Thursday, October 3rd. The Goldman Sachs Group increased their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday. BMO Capital Markets reduced their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Old Dominion Freight Line from $170.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $204.00.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $200.69 on Friday. The stock has a market capitalization of $42.85 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 4.29 and a beta of 1.00. 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 debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s 50 day moving average price is $209.13 and its two-hundred day moving average price is $195.93.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. Old Dominion Freight Line’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.43 earnings per share 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. Stockholders of record on Wednesday, December 4th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. Old Dominion Freight Line’s dividend payout ratio is presently 18.18%.

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.