Jackson Creek Investment Advisors LLC sells 110 shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Jackson Creek Investment Advisors LLC reduced its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,370 shares of the transportation company’s stock after selling 110 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in Old Dominion Freight Line by 8.6% during the second quarter. Sequoia Financial Advisors LLC now owns 4,962 shares of the transportation company’s stock valued at $876,000 after acquiring an additional 395 shares during the period. Chevy Chase Trust Holdings LLC raised its stake in Old Dominion Freight Line by 98.3% in 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 raised its holdings in Old Dominion Freight Line by 65.0% in the first quarter. Forsta AP Fonden now owns 39,600 shares of the transportation company’s stock worth $8,685,000 after buying an additional 15,600 shares during the last quarter. Sei Investments Co. grew its position in Old Dominion Freight Line by 98.6% in the first quarter. Sei Investments Co. now owns 43,188 shares of the transportation company’s stock worth $9,471,000 after purchasing an additional 21,438 shares during the period. Finally, Diversified Trust Co boosted its holdings 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 buying an additional 4,554 shares during the last quarter. 77.82% of shares are held by institutional investors.

Analysts set new price targets

ODFL has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. TD Cowen upped their price objective 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 research note on Thursday, July 25th. Evercore ISI restated an “in-line” rating and set a $196.00 target price (down from $225.00) on shares of Old Dominion Freight Line in a research note on Tuesday, June 25th. Finally, BMO Capital Markets lifted their price objective on Old Dominion Freight Line from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. July 25. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $200.88.

Check out our latest report on Old Dominion Freight Line

Insider buying and selling

In other Old Dominion Freight Line news, Chairman David S. Congdon sold 29,975 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $201.30, for a total value of $6,033,967.50. Following the completion of the sale, the chairman now owns 1,401,621 shares in the company, valued at approximately $282,146,307.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman David S. Congdon sold 29,975 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $201.30, for a total transaction of $6,033,967.50. Following the sale, the chairman now directly owns 1,401,621 shares of the company’s stock, valued at $282,146,307.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Chairman David S. Congdon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $195.17, for a total transaction of $1,951,700.00. Following the completion of the sale, the chairman now directly owns 1,391,621 shares of the company’s stock, valued at approximately $271,602,670.57. The disclosure for this sale can be found here. 9.90% of shares are held by corporate insiders.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL opened at $195.64 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46, and a debt-to-equity ratio of 0.01. The firm has a market cap of $42.51 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 3.76 and a beta of 1.00. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $227.80. The company’s 50-day moving average price is $193.69, and its two-hundred-day moving average price is $197.82.

Old Dominion Freight Line (NASDAQ:ODFL – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.48 EPS 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 previous year, the company earned $1.33 EPS. Old Dominion Freight Line’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

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

The old profile of the Dominion freight line

(Free Report)

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, interregional and national less-than-truckload services as well as express transportation. It also offers various value-added services, including container shipping, truckload brokerage and supply chain consulting.

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