GHP Investment Advisors Inc. Sells 131 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

GHP Investment Advisors Inc. decreased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,657 shares of the transportation company’s stock after selling 131 shares during the period. GHP Investment Advisors Inc.’s holdings in Old Dominion Freight Line were worth $4,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont bought a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. bought a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $29,000. Neo Ivy Capital Management bought a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $40,000. Farmers & Merchants Investments Inc. raised its stake in Old Dominion Freight Line by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock valued at $27,000 after buying an additional 62 shares during the period. Finally, Fortitude Family Office LLC raised its stake in Old Dominion Freight Line by 103.0% in the first quarter. Fortitude Family Office LLC now owns 134 shares of the transportation company’s stock valued at $29,000 after buying an additional 68 shares during the period. Institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ODFL. Stephens reiterated an “overweight” rating and set a $214.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, September 5th. Evercore ISI reiterated an “in-line” rating and set a $196.00 target price (down previously from $225.00) on shares of Old Dominion Freight Line in a research note on Tuesday, June 25th. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a research note on Wednesday. TD Cowen lowered their target price on Old Dominion Freight Line from $214.00 to $209.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. Finally, Morgan Stanley lowered their target price on Old Dominion Freight Line from $174.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average target price of $201.00.

Old Dominion Freight Line Trading Up 0.7 %

Shares of ODFL stock opened at $192.61 on Friday. The stock’s fifty day moving average price is $195.01 and its two-hundred day moving average price is $196.65. The company has a market cap of $41.85 billion, a PE ratio of 33.91, a P/E/G ratio of 3.92 and a beta of 0.99. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $227.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. Equities analysts predict that Old Dominion Freight Line, Inc. will post 5.64 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.31%.

Insider Activity at Old Dominion Freight Line

In related news, Chairman David S. Congdon sold 29,975 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $201.30, for a total transaction of $6,033,967.50. Following the sale, the chairman now owns 1,401,621 shares of the company’s stock, valued at approximately $282,146,307.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman David S. Congdon sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $195.17, for a total transaction of $1,951,700.00. Following the sale, the chairman now owns 1,391,621 shares of the company’s stock, valued at approximately $271,602,670.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman David S. Congdon sold 29,975 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $201.30, for a total value of $6,033,967.50. Following the transaction, the chairman now directly owns 1,401,621 shares of the company’s stock, valued at $282,146,307.30. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by company insiders.

About Old Dominion Freight Line

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.