Harel Insurance Investments & Financial Services Ltd. Has $297,000 Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,679 shares of the transportation company’s stock after purchasing an additional 107 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Old Dominion Freight Line were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ODFL. Vanguard Group Inc. boosted its stake in Old Dominion Freight Line by 100.9% in the first quarter. Vanguard Group Inc. now owns 21,795,649 shares of the transportation company’s stock valued at $4,780,004,000 after buying an additional 10,944,520 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Old Dominion Freight Line by 117.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,726,847 shares of the transportation company’s stock valued at $3,010,435,000 after purchasing an additional 7,401,526 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Old Dominion Freight Line by 59.0% during the 1st quarter. Capital Research Global Investors now owns 6,592,594 shares of the transportation company’s stock valued at $1,445,822,000 after purchasing an additional 2,447,121 shares during the last quarter. Bank of New York Mellon Corp increased its position in Old Dominion Freight Line by 94.6% during the 1st quarter. Bank of New York Mellon Corp now owns 5,940,385 shares of the transportation company’s stock worth $1,302,786,000 after purchasing an additional 2,888,205 shares in the last quarter. Finally, Capital World Investors lifted its stake in Old Dominion Freight Line by 101.0% in the 1st quarter. Capital World Investors now owns 2,443,770 shares of the transportation company’s stock valued at $535,943,000 after purchasing an additional 1,228,116 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen upped their price target on shares of Old Dominion Freight Line from $206.00 to $214.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Wells Fargo & Company began coverage on shares of Old Dominion Freight Line in a research note on Friday, June 7th. They set an “underweight” rating and a $175.00 price target for the company. Finally, UBS Group boosted their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $202.78.

Old Dominion Freight Line Stock Down 0.3 %

Old Dominion Freight Line stock traded down $0.51 during midday trading on Tuesday, reaching $199.65. The stock had a trading volume of 227,874 shares, compared to its average volume of 1,614,715. The company has a fifty day moving average price of $188.30 and a two-hundred day moving average price of $199.11. The company has a market capitalization of $43.38 billion, a P/E ratio of 35.06, a PEG ratio of 3.75 and a beta of 1.00. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $227.80.

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, topping analysts’ consensus estimates of $1.45 by $0.03. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. Old Dominion Freight Line’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.7 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio is currently 18.31%.

Old Dominion Freight Line Company 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.