APG Asset Management N.V. Acquires Shares of 38,700 Old Dominion Freight Line, Inc. (ODFL)

APG Asset Management N.V. acquired a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,700 shares of the transportation company’s stock, valued at approximately $4,261,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ODFL. PNC Financial Services Group Inc. grew its holdings in Old Dominion Freight Line by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 5,590 shares of the transportation company’s stock worth $534,000 after acquiring an additional 49 shares during the period. Capstone Asset Management Co. grew its holdings in Old Dominion Freight Line by 1.9% during the second quarter. Capstone Asset Management Co. now owns 7,453 shares of the transportation company’s stock worth $710,000 after acquiring an additional 140 shares during the period. First Quadrant L P CA grew its holdings in Old Dominion Freight Line by 0.4% during the second quarter. First Quadrant L P CA now owns 33,490 shares of the transportation company’s stock worth $3,190,000 after acquiring an additional 140 shares during the period. Atria Investments LLC grew its holdings in Old Dominion Freight Line by 5.5% during the second quarter. Atria Investments LLC now owns 2,925 shares of the transportation company’s stock worth $279,000 after acquiring an additional 153 shares during the period. Finally, Aperio Group LLC grew its holdings in Old Dominion Freight Line by 0.7% during the second quarter. Aperio Group LLC now owns 23,868 shares of the transportation company’s stock worth $2,273,000 after acquiring an additional 157 shares during the period. Institutional investors and hedge funds own 74.00% of the company’s stock.

In other Old Dominion Freight Line news, Vice Chairman David S. Congdon sold 575 shares of Old Dominion Freight Line stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total transaction of $56,252.25. Following the transaction, the insider now owns 9,516 shares of the company’s stock, valued at approximately $930,950.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.00% of the company’s stock.

A number of research analysts recently issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and set a $113.00 target price on shares of Old Dominion Freight Line in a report on Friday, October 6th. BidaskClub lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Cowen and Company reaffirmed a “hold” rating and set a $100.00 target price on shares of Old Dominion Freight Line in a report on Friday, September 1st. Buckingham Research assumed coverage on Old Dominion Freight Line in a report on Monday, August 21st. They set a “neutral” rating and a $105.00 target price on the stock. Finally, KeyCorp reaffirmed a “buy” rating and set a $115.00 target price on shares of Old Dominion Freight Line in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.23.

Old Dominion Freight Line, Inc. (ODFL) opened at $121.03 on Monday. The firm has a market capitalization of $9,971.20, a PE ratio of 29.81, a P/E/G ratio of 1.77 and a beta of 1.20. Old Dominion Freight Line, Inc. has a 12 month low of $72.99 and a 12 month high of $124.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.29.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08. The firm had revenue of $872.99 million for the quarter, compared to analysts’ expectations of $855.85 million. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. Old Dominion Freight Line’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. analysts expect that Old Dominion Freight Line, Inc. will post 4.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.40 annualized dividend and a yield of 0.33%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 9.85%.

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Old Dominion Freight Line 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)

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