Amundi Has $144.75 Million Stock Position in Old Dominion Freight Line, Inc. $ODFL

Amundi raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 668,260 shares of the transportation company's stock after acquiring an additional 5,857 shares during the period. Amundi owned approximately 0.32% of Old Dominion Freight Line worth $144,745,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC raised its holdings in shares of Old Dominion Freight Line by 9.9% in the 1st quarter. Bogart Wealth LLC now owns 511 shares of the transportation company's stock worth $100,000 after acquiring an additional 46 shares during the last quarter. Private Advisor Group LLC grew its holdings in Old Dominion Freight Line by 1.3% during the first quarter. Private Advisor Group LLC now owns 4,164 shares of the transportation company's stock worth $814,000 after buying an additional 55 shares in the last quarter. Keybank National Association OH raised its position in Old Dominion Freight Line by 2.3% in the 1st quarter. Keybank National Association OH now owns 2,450 shares of the transportation company's stock valued at $479,000 after buying an additional 56 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in Old Dominion Freight Line by 9.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 645 shares of the transportation company's stock valued at $101,000 after buying an additional 57 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in Old Dominion Freight Line by 80.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the transportation company's stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Old Dominion Freight Line

In other news, SVP Cecil Overbey, Jr. sold 19,952 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $198.39, for a total transaction of $3,958,277.28. Following the sale, the senior vice president directly owned 22,746 shares in the company, valued at $4,512,578.94. This represents a 46.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 8.20% of the stock is currently owned by corporate insiders.

Old Dominion Freight Line Trading Up 0.6%

Old Dominion Freight Line stock opened at $187.01 on Wednesday. Old Dominion Freight Line, Inc. has a 1-year low of $126.01 and a 1-year high of $252.03. The firm has a market capitalization of $38.78 billion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 3.12 and a beta of 1.16. The firm has a 50 day simple moving average of $213.33 and a 200 day simple moving average of $210.41.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.14. Old Dominion Freight Line had a return on equity of 24.87% and a net margin of 19.44%.The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business posted $1.27 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.78 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. Old Dominion Freight Line's dividend payout ratio is 22.35%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of Old Dominion Freight Line from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. UBS Group restated a "neutral" rating and issued a $228.00 target price (up from $224.00) on shares of Old Dominion Freight Line in a research note on Thursday, July 30th. Argus upped their target price on Old Dominion Freight Line from $220.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, June 18th. JPMorgan Chase & Co. increased their price target on Old Dominion Freight Line from $234.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Old Dominion Freight Line from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $228.91.

Old Dominion Freight Line Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company's core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.

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