SG Americas Securities LLC Has $731,000 Position in Old Dominion Freight Line, Inc. (ODFL)

SG Americas Securities LLC cut its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 72.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,638 shares of the transportation company’s stock after selling 17,664 shares during the quarter. SG Americas Securities LLC’s holdings in Old Dominion Freight Line were worth $731,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new stake in Old Dominion Freight Line during the 2nd quarter valued at $266,855,000. William Blair Investment Management LLC raised its stake in Old Dominion Freight Line by 7.9% during the 2nd quarter. William Blair Investment Management LLC now owns 2,625,605 shares of the transportation company’s stock valued at $250,063,000 after buying an additional 191,911 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Old Dominion Freight Line by 8.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,099,932 shares of the transportation company’s stock valued at $199,998,000 after buying an additional 157,362 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Old Dominion Freight Line by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,923,369 shares of the transportation company’s stock valued at $183,182,000 after buying an additional 151,407 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Old Dominion Freight Line by 229.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 167,617 shares of the transportation company’s stock valued at $15,965,000 after buying an additional 116,777 shares during the last quarter. 72.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Old Dominion Freight Line, Inc. (ODFL) opened at $128.59 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $10,486.46, a price-to-earnings ratio of 31.35, a PEG ratio of 1.86 and a beta of 1.20. Old Dominion Freight Line, Inc. has a 12 month low of $80.56 and a 12 month high of $130.71.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. The firm had revenue of $872.99 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $1.03 EPS. research analysts anticipate that Old Dominion Freight Line, Inc. will post 4.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Old Dominion Freight Line’s payout ratio is presently 9.85%.

ODFL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Tuesday, October 3rd. KeyCorp reiterated a “buy” rating and set a $115.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. Robert W. Baird restated a “hold” rating and issued a $113.00 price objective on shares of Old Dominion Freight Line in a research note on Friday, October 6th. Cowen restated a “hold” rating and issued a $100.00 price objective on shares of Old Dominion Freight Line in a research note on Friday, September 1st. Finally, BidaskClub upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.00.

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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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