Callan Family Office LLC Makes New $1.33 Million Investment in Old Dominion Freight Line, Inc. $ODFL

Callan Family Office LLC bought a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 6,123 shares of the transportation company's stock, valued at approximately $1,326,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ODFL. Bell Investment Advisors Inc bought a new position in Old Dominion Freight Line during the 2nd quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Old Dominion Freight Line by 80.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the transportation company's stock valued at $27,000 after purchasing an additional 62 shares during the period. Reflection Asset Management bought a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $28,000. Evolution Wealth Management Inc. bought a new stake in Old Dominion Freight Line in the first quarter valued at approximately $29,000. Finally, DT Investment Partners LLC increased its stake in Old Dominion Freight Line by 600.0% in the fourth quarter. DT Investment Partners LLC now owns 210 shares of the transportation company's stock valued at $33,000 after purchasing an additional 180 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ODFL. Benchmark reissued a "hold" rating on shares of Old Dominion Freight Line in a research report on Thursday, June 4th. Truist Financial upped their price objective on shares of Old Dominion Freight Line from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Jefferies Financial Group reaffirmed a "hold" rating and set a $227.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price on Old Dominion Freight Line from $197.00 to $234.00 and gave the stock a "neutral" rating in a report on Monday, June 8th. Finally, Weiss Ratings raised Old Dominion Freight Line from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $226.55.

Old Dominion Freight Line Stock Performance

Shares of ODFL opened at $206.47 on Monday. Old Dominion Freight Line, Inc. has a twelve month low of $126.01 and a twelve month high of $252.03. The firm's 50 day moving average price is $220.21 and its two-hundred day moving average price is $210.63. The firm has a market cap of $42.81 billion, a P/E ratio of 39.78, a PEG ratio of 3.59 and a beta of 1.18.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data 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 net margin of 19.44% and a return on equity of 24.87%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The firm's revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.78 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a $0.29 dividend. 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 presently 22.35%.

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.

Want to see what other hedge funds are holding ODFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source