Callan Family Office LLC Purchases Shares of 3,759 Old Dominion Freight Line, Inc. $ODFL

Key Points

• Callan Family Office LLC acquired a new stake in Old Dominion Freight Line, purchasing 3,759 shares valued at approximately $610,000 in the 2nd quarter.
• Old Dominion's recent quarterly earnings showed an EPS of $1.27, missing analyst estimates, with a revenue of $1.41 billion, down 6.1% compared to the previous year.
• The company announced a quarterly dividend of $0.28, representing an annualized dividend yield of 0.8% with a payout ratio of 21.88%.

Callan Family Office LLC purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,759 shares of the transportation company's stock, valued at approximately $610,000.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Old Dominion Freight Line by 234.8% during the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock valued at $25,000 after purchasing an additional 108 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $39,000. Zions Bancorporation National Association UT acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $39,000. Olde Wealth Management LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $43,000. Finally, WPG Advisers LLC acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $51,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $136.18 on Tuesday. The stock's 50 day moving average is $146.23 and its 200 day moving average is $155.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $28.62 billion, a P/E ratio of 26.60, a P/E/G ratio of 3.15 and a beta of 1.19. Old Dominion Freight Line, Inc. has a one year low of $133.69 and a one year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.02). The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%.Old Dominion Freight Line's revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. As a group, research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 3rd. Old Dominion Freight Line's payout ratio is currently 21.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group dropped their target price on Old Dominion Freight Line from $160.00 to $155.00 and set a "hold" rating for the company in a report on Thursday, October 9th. Citigroup dropped their target price on Old Dominion Freight Line from $174.00 to $173.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. JPMorgan Chase & Co. dropped their target price on Old Dominion Freight Line from $155.00 to $143.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c-)" rating on shares of Old Dominion Freight Line in a report on Wednesday, October 8th. Finally, TD Cowen dropped their target price on Old Dominion Freight Line from $166.00 to $159.00 and set a "hold" rating for the company in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $164.09.

Old Dominion Freight Line Company Profile

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

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.