9,387 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,387 shares of the transportation company’s stock, valued at approximately $2,059,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ODFL. Chevy Chase Trust Holdings LLC lifted its holdings in shares of Old Dominion Freight Line by 98.3% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 100,892 shares of the transportation company’s stock valued at $22,127,000 after buying an additional 50,019 shares during the period. Forsta AP Fonden lifted its holdings in shares of Old Dominion Freight Line by 65.0% during the 1st quarter. Forsta AP Fonden now owns 39,600 shares of the transportation company’s stock valued at $8,685,000 after buying an additional 15,600 shares during the period. Sei Investments Co. lifted its holdings in shares of Old Dominion Freight Line by 98.6% during the 1st quarter. Sei Investments Co. now owns 43,188 shares of the transportation company’s stock valued at $9,471,000 after buying an additional 21,438 shares during the period. Diversified Trust Co increased its stake in shares of Old Dominion Freight Line by 162.9% in the 1st quarter. Diversified Trust Co now owns 7,350 shares of the transportation company’s stock worth $1,612,000 after purchasing an additional 4,554 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Old Dominion Freight Line by 85.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 214,954 shares of the transportation company’s stock worth $47,041,000 after purchasing an additional 99,228 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

ODFL has been the subject of several analyst reports. UBS Group upped their price objective on Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Raymond James raised their price objective on Old Dominion Freight Line from $190.00 to $209.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Vertical Research upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price objective for the company in a research report on Monday, April 29th. Bank of America raised their price objective on Old Dominion Freight Line from $192.00 to $203.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Baird R W upgraded Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $202.78.

Insider Buying and Selling at Old Dominion Freight Line

In related news, Director Thomas A. Stith III 550 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.90% of the stock is currently owned by company insiders.

Old Dominion Freight Line Trading Down 4.0 %

Shares of NASDAQ:ODFL traded down $8.08 during mid-day trading on Friday, reaching $195.12. 2,106,214 shares of the company were exchanged, compared to its average volume of 1,628,958. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 2.29. The firm has a market cap of $42.40 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 4.06 and a beta of 1.00. The firm’s 50-day simple moving average is $183.14 and its 200 day simple moving average is $199.05. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Old Dominion Freight Line had a net margin of 21.38% and a return on equity of 30.33%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 EPS. Equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.73 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. Old Dominion Freight Line’s dividend payout ratio is presently 18.31%.

Old Dominion Freight Line Profile

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.