HighTower Advisors LLC Raises Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

HighTower Advisors LLC boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,846 shares of the transportation company’s stock after buying an additional 159 shares during the period. HighTower Advisors LLC’s holdings in Old Dominion Freight Line were worth $671,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Old Dominion Freight Line by 11,389.2% in the first quarter. BlackRock Inc. now owns 5,400,851 shares of the transportation company’s stock valued at $462,150,000 after buying an additional 5,353,843 shares in the last quarter. Norges Bank bought a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $60,751,000. Daiwa Securities Group Inc. raised its stake in shares of Old Dominion Freight Line by 8,727.8% in the first quarter. Daiwa Securities Group Inc. now owns 158,900 shares of the transportation company’s stock valued at $13,597,000 after buying an additional 157,100 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Old Dominion Freight Line by 100.3% in the first quarter. AQR Capital Management LLC now owns 299,394 shares of the transportation company’s stock valued at $25,619,000 after buying an additional 149,951 shares in the last quarter. Finally, Scopus Asset Management L.P. raised its stake in shares of Old Dominion Freight Line by 37.6% in the first quarter. Scopus Asset Management L.P. now owns 480,392 shares of the transportation company’s stock valued at $41,107,000 after buying an additional 131,330 shares in the last quarter. 74.89% of the stock is owned by institutional investors and hedge funds.

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) traded up 1.72% during mid-day trading on Friday, hitting $96.22. 488,804 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $96.30 and a 200-day moving average price of $90.08. The stock has a market cap of $7.92 billion, a P/E ratio of 24.92 and a beta of 1.08. Old Dominion Freight Line, Inc. has a 1-year low of $66.33 and a 1-year high of $103.51.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, July 27th. The transportation company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. The firm had revenue of $839.90 million for the quarter, compared to analysts’ expectations of $824.68 million. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. Old Dominion Freight Line’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post $4.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Old Dominion Freight Line’s dividend payout ratio is currently 10.39%.

ILLEGAL ACTIVITY WARNING: “HighTower Advisors LLC Raises Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)” was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://baseballnewssource.com/markets/hightower-advisors-llc-purchases-159-shares-of-old-dominion-freight-line-inc-nasdaqodfl-updated-updated-updated/1180503.html.

Several equities research analysts recently commented on ODFL shares. BidaskClub upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Vertical Research restated a “hold” rating and issued a $83.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, April 13th. Cowen and Company lifted their price objective on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Finally, Bank of America Corporation upgraded shares of Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $83.00 to $96.00 in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $97.67.

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.

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

Receive News & Ratings for Old Dominion Freight Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets


Leave a Reply

 
© 2006-2017 BBNS.