Creative Planning Has $358,000 Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Creative Planning boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 15.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,760 shares of the transportation company’s stock after buying an additional 508 shares during the period. Creative Planning’s holdings in Old Dominion Freight Line were worth $358,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its position in shares of Old Dominion Freight Line by 18.1% in the first quarter. SRS Capital Advisors Inc. now owns 1,308 shares of the transportation company’s stock worth $111,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc increased its position in shares of Old Dominion Freight Line by 1.9% in the first quarter. IFP Advisors Inc now owns 1,839 shares of the transportation company’s stock worth $157,000 after buying an additional 34 shares in the last quarter. Atria Investments LLC increased its position in shares of Old Dominion Freight Line by 2.6% in the first quarter. Atria Investments LLC now owns 2,772 shares of the transportation company’s stock worth $237,000 after buying an additional 69 shares in the last quarter. Canal Capital Management LLC bought a new position in shares of Old Dominion Freight Line during the first quarter worth approximately $254,000. Finally, Parametrica Management Ltd acquired a new stake in Old Dominion Freight Line during the first quarter valued at $286,000. 75.07% of the stock is owned by institutional investors.

Shares of Old Dominion Freight Line, Inc. (ODFL) opened at 96.28 on Friday. The company’s 50 day moving average price is $96.79 and its 200-day moving average price is $90.51. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 24.94 and a beta of 1.08. Old Dominion Freight Line, Inc. has a 1-year low of $66.33 and a 1-year high of $103.51.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. The firm had revenue of $839.90 million during the quarter, compared to analysts’ expectations of $824.68 million. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Equities analysts expect that Old Dominion Freight Line, Inc. will post $4.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, September 1st. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 10.39%.

COPYRIGHT VIOLATION WARNING: “Creative Planning Has $358,000 Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/08/12/creative-planning-raises-stake-in-old-dominion-freight-line-inc-nasdaqodfl-updated.html.

ODFL has been the subject of a number of research reports. BidaskClub upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, July 11th. Deutsche Bank AG cut Old Dominion Freight Line from a “buy” rating to a “hold” rating and reduced their price objective for the company from $108.00 to $98.00 in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and set a $91.00 price target on shares of Old Dominion Freight Line in a research note on Friday, July 14th. Finally, Cowen and Company upped their price target on Old Dominion Freight Line from $88.00 to $92.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Old Dominion Freight Line currently has an average rating of “Hold” and a consensus target price of $97.67.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

What are top analysts saying about Old Dominion Freight Line Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Old Dominion Freight Line Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit