Old Dominion Freight Line, Inc. (ODFL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 293,554 shares of the transportation company’s stock after selling 1,432 shares during the period. Principal Financial Group Inc. owned 0.36% of Old Dominion Freight Line worth $32,324,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its position in Old Dominion Freight Line by 115.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,206 shares of the transportation company’s stock worth $115,000 after purchasing an additional 647 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in Old Dominion Freight Line during the second quarter worth approximately $157,000. Reliance Trust Co. of Delaware acquired a new position in Old Dominion Freight Line during the third quarter worth approximately $208,000. Stearns Financial Services Group acquired a new position in Old Dominion Freight Line during the third quarter worth approximately $209,000. Finally, IFP Advisors Inc increased its position in Old Dominion Freight Line by 12.9% during the second quarter. IFP Advisors Inc now owns 2,077 shares of the transportation company’s stock worth $198,000 after purchasing an additional 238 shares during the last quarter. 74.34% of the stock is owned by hedge funds and other institutional investors.



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ODFL has been the subject of several research reports. Robert W. Baird reiterated a “hold” rating and set a $113.00 price objective on shares of Old Dominion Freight Line in a research note on Friday, October 6th. BidaskClub downgraded shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Cowen and Company reiterated a “hold” rating and set a $100.00 price objective on shares of Old Dominion Freight Line in a research note on Friday, September 1st. Buckingham Research initiated coverage on shares of Old Dominion Freight Line in a research note on Monday, August 21st. They set a “neutral” rating and a $105.00 price objective for the company. Finally, KeyCorp reiterated a “buy” rating and set a $115.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $108.23.

Old Dominion Freight Line, Inc. (NASDAQ ODFL) opened at $118.97 on Friday. Old Dominion Freight Line, Inc. has a 52 week low of $80.56 and a 52 week high of $124.13. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The company has a market cap of $9,800.27, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20.

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, beating the Zacks’ consensus estimate of $1.16 by $0.08. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. The firm had revenue of $872.99 million for the quarter, compared to the consensus estimate of $855.85 million. During the same period in the prior year, the firm posted $1.03 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. equities research analysts predict that Old Dominion Freight Line, Inc. will post 4.28 earnings per share for the current fiscal year.

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.34%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 9.85%.

About Old Dominion Freight Line

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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