Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Old Dominion Freight Line, Inc. $ODFL

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Old Dominion Freight Line by 12.0% in the second quarter, owning 31,959 shares valued at approximately $5.2 million.
• Old Dominion Freight Line's stock recently traded at $136.18, with a market capitalization of $28.62 billion and an annualized dividend yield of 0.8%.
• The company's recent earnings report showed an EPS of $1.27, missing expectations, with revenue decreasing 6.1% year-over-year, totaling $1.41 billion.

Vanguard Personalized Indexing Management LLC grew its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,959 shares of the transportation company's stock after purchasing an additional 3,430 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Old Dominion Freight Line were worth $5,195,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its position in shares of Old Dominion Freight Line by 79.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,599,005 shares of the transportation company's stock valued at $430,006,000 after buying an additional 1,151,221 shares during the period. Nuveen LLC purchased a new stake in shares of Old Dominion Freight Line during the 1st quarter valued at approximately $151,107,000. JPMorgan Chase & Co. raised its position in shares of Old Dominion Freight Line by 45.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,429,750 shares of the transportation company's stock valued at $402,002,000 after buying an additional 754,796 shares during the period. Vanguard Group Inc. raised its position in shares of Old Dominion Freight Line by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 22,666,405 shares of the transportation company's stock valued at $3,750,157,000 after buying an additional 416,097 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of Old Dominion Freight Line by 4,463.2% during the 1st quarter. DAVENPORT & Co LLC now owns 261,380 shares of the transportation company's stock valued at $43,253,000 after buying an additional 255,652 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Up 1.4%

Old Dominion Freight Line stock opened at $136.18 on Tuesday. Old Dominion Freight Line, Inc. has a fifty-two week low of $133.69 and a fifty-two week high of $233.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50 day moving average price of $146.23 and a 200 day moving average price of $155.41. The company has a market capitalization of $28.62 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 3.15 and a beta of 1.19.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.02). The business 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%.The business's revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. Research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on ODFL shares. Raymond James Financial reduced their price target on shares of Old Dominion Freight Line from $180.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. TD Cowen reduced their price target on shares of Old Dominion Freight Line from $166.00 to $159.00 and set a "hold" rating on the stock in a research report on Thursday, July 31st. The Goldman Sachs Group dropped their target price on shares of Old Dominion Freight Line from $195.00 to $186.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Citigroup dropped their target price on shares of 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. Finally, Robert W. Baird set a $148.00 target price on shares of Old Dominion Freight Line and gave the company a "neutral" rating in a report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $164.09.

Old Dominion Freight Line 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.

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