Signaturefd LLC Acquires 808 Shares of Old Dominion Freight Line (ODFL)

Signaturefd LLC grew its holdings in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 2,308.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 843 shares of the transportation company’s stock after purchasing an additional 808 shares during the quarter. Signaturefd LLC’s holdings in Old Dominion Freight Line were worth $126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Counselors Inc. boosted its position in shares of Old Dominion Freight Line by 4.1% during the 2nd quarter. Financial Counselors Inc. now owns 9,293 shares of the transportation company’s stock valued at $1,384,000 after acquiring an additional 363 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Old Dominion Freight Line by 5.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 7,370 shares of the transportation company’s stock valued at $1,098,000 after acquiring an additional 363 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Old Dominion Freight Line by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 70,677 shares of the transportation company’s stock valued at $10,528,000 after acquiring an additional 370 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Old Dominion Freight Line by 5.0% during the 2nd quarter. Alps Advisors Inc. now owns 8,050 shares of the transportation company’s stock valued at $1,199,000 after acquiring an additional 381 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Old Dominion Freight Line by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the transportation company’s stock valued at $2,741,000 after acquiring an additional 400 shares during the last quarter. 72.37% of the stock is currently owned by institutional investors.

NASDAQ ODFL opened at $165.89 on Monday. Old Dominion Freight Line has a 12 month low of $99.50 and a 12 month high of $170.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 0.95 and a beta of 1.19.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, July 26th. The transportation company reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.17. Old Dominion Freight Line had a net margin of 15.37% and a return on equity of 20.31%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. Old Dominion Freight Line’s revenue for the quarter was up 23.1% compared to the same quarter last year. analysts predict that Old Dominion Freight Line will post 6.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th will be given a $0.13 dividend. The ex-dividend date is Wednesday, September 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.31%. Old Dominion Freight Line’s payout ratio is currently 11.93%.

Several research analysts have recently weighed in on ODFL shares. BidaskClub raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research report on Thursday, May 24th. Argus started coverage on shares of Old Dominion Freight Line in a research report on Wednesday, May 23rd. They set a “buy” rating and a $175.00 price target on the stock. ValuEngine raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $147.38.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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

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