Assenagon Asset Management SA acquires 435 shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Assenagon Asset Management SA increased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,763 shares of the transportation company’s stock after acquiring an additional 435 shares during the period. Assenagon Asset Management SA’s holdings in Old Dominion Freight Line were worth $1,194,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. abrdn plc increased its holdings in shares of Old Dominion Freight Line by 74.7% during the 4th quarter. abrdn plc now owns 41,119 shares of the transportation company’s stock worth $16,667,000 after acquiring an additional 17,577 shares in the period time. Duality Advisers LP bought a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $421,000. Linden Thomas Advisory Services LLC boosted its holdings in shares of Old Dominion Freight Line by 10.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 2,309 shares of the transportation company’s stock worth $936,000 after purchasing another 222 shares during the period. GAMMA Investing LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $227,000. Finally, Yousif Capital Management LLC boosted its holdings in shares of Old Dominion Freight Line by 13.8% during the 4th quarter. Yousif Capital Management LLC now owns 14,188 shares of the transportation company’s stock worth $5,751,000 USD after acquiring an additional 1,721 shares during the period. Institutional investors own 77.82% of the company’s shares.

Old Dominion Freight Line down 1.0%

Shares of NASDAQ ODFL opened at $200.90 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46, and a current ratio of 1.46. Old Dominion Freight Line, Inc. it has a 52-week low of $165.49 and a 52-week high of $227.80. The firm has a 50 day moving average price of $189.36 and a two hundred day moving average price of $199.09. The stock has a market cap of $43.65 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL – Get Your Free Report ) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.03. Old Dominion Freight Line had a net margin of 21.38% and a return on equity of 30.33%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted EPS of $1.33. The company’s revenue rose 6.1% year-over-year. As a group, equities analysts forecast that Old Dominion Freight Line, Inc. will record 5.7 EPS for the current year.

Old Dominion Freight Line Announces Dividend

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

Analysts set new price targets

A number of analysts recently weighed in on ODFL shares. JPMorgan Chase & Co. upped 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. Barclays reduced their target price on shares of Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, June 12th. Robert W. Baird upped their target price on shares of Old Dominion Freight Line from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a research report on Thursday, July 25th. Finally, 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 research report on Thursday. July 25. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Old Dominion Freight Line currently has an average rating of “Hold” and a consensus price target of $200.88, based on data from MarketBeat.com.

Check out our latest report on Old Dominion Freight Line

Old Dominion Freight Line Company Profile

(Free report)

Old Dominion Freight Line, Inc operates as a less-than-truckload motor vehicle 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.

Further reading

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