Sanctuary Advisors LLC Has $10.92 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Sanctuary Advisors LLC raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 32.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 49,568 shares of the transportation company’s stock after buying an additional 12,095 shares during the quarter. Sanctuary Advisors LLC’s holdings in Old Dominion Freight Line were worth $10,917,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in shares of Old Dominion Freight Line in the second quarter valued at approximately $25,000. LRI Investments LLC increased its stake in shares of Old Dominion Freight Line by 73.1% in the 2nd quarter. LRI Investments LLC now owns 187 shares of the transportation company’s stock valued at $33,000 after buying an additional 79 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Old Dominion Freight Line by 472.5% during the second quarter. Cullen Frost Bankers Inc. now owns 229 shares of the transportation company’s stock worth $40,000 after acquiring an additional 189 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Old Dominion Freight Line during the third quarter valued at $45,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 215 shares during the period. 77.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Old Dominion Freight Line

In other news, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $200.07, for a total value of $1,400,490.00. Following the completion of the transaction, the director now owns 97,890 shares in the company, valued at $19,584,852.30. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. The trade was a 28.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup boosted their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. lifted 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 report on Friday, December 6th. Stifel Nicolaus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating and cut their price target for the company from $209.00 to $197.00 in a research note on Monday, October 21st. Finally, Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $204.00.

Old Dominion Freight Line Stock Down 1.2 %

Shares of ODFL stock opened at $200.69 on Friday. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $209.13 and a 200-day moving average of $195.93. The company has a market capitalization of $42.85 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 4.29 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly 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 the consensus estimate of $1.49 billion. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. As a group, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.43 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

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 paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, December 4th. Old Dominion Freight Line’s payout ratio is 18.18%.

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.