Old Dominion Freight Line (ODFL) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,282 shares of the transportation company’s stock after buying an additional 13,382 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Old Dominion Freight Line were worth $31,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Old Dominion Freight Line by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,590 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 49 shares during the period. Mesirow Financial Investment Management Equity Management boosted its holdings in Old Dominion Freight Line by 2.7% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 15,995 shares of the transportation company’s stock valued at $1,761,000 after purchasing an additional 425 shares during the period. Waverton Investment Management Ltd boosted its holdings in Old Dominion Freight Line by 3.7% in the fourth quarter. Waverton Investment Management Ltd now owns 12,416 shares of the transportation company’s stock valued at $1,633,000 after purchasing an additional 447 shares during the period. Whittier Trust Co. boosted its holdings in Old Dominion Freight Line by 1.4% in the third quarter. Whittier Trust Co. now owns 32,276 shares of the transportation company’s stock valued at $3,554,000 after purchasing an additional 455 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Old Dominion Freight Line by 5.9% in the third quarter. Janney Montgomery Scott LLC now owns 10,843 shares of the transportation company’s stock valued at $1,194,000 after purchasing an additional 602 shares during the period. Institutional investors and hedge funds own 73.00% of the company’s stock.

A number of research analysts recently issued reports on the company. Buckingham Research lifted their target price on Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a report on Friday. Cowen reiterated a “market perform” rating and issued a $136.00 target price (up from $113.00) on shares of Old Dominion Freight Line in a report on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $134.00 target price on shares of Old Dominion Freight Line in a report on Thursday, January 18th. Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Saturday, January 6th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Old Dominion Freight Line in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Old Dominion Freight Line has a consensus rating of “Hold” and a consensus target price of $122.08.

Shares of Old Dominion Freight Line (ODFL) opened at $130.14 on Monday. The stock has a market capitalization of $10,720.41, a PE ratio of 23.16 and a beta of 1.22. The company has a current ratio of 1.67, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a fifty-two week low of $80.56 and a fifty-two week high of $150.31.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, February 8th. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. The company had revenue of $891.12 million during the quarter, compared to the consensus estimate of $879.00 million. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. Old Dominion Freight Line’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS. sell-side analysts predict that Old Dominion Freight Line will post 5.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.40%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, March 5th. Old Dominion Freight Line’s payout ratio is 7.12%.

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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.

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

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