Chilton Capital Management LLC Acquires New Stake in Old Dominion Freight Line, Inc. $ODFL

Chilton Capital Management LLC bought a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 290 shares of the transportation company’s stock, valued at approximately $47,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ODFL. Larson Financial Group LLC boosted its stake in Old Dominion Freight Line by 234.8% in the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock worth $25,000 after purchasing an additional 108 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Old Dominion Freight Line in the first quarter worth about $39,000. Zions Bancorporation National Association UT bought a new position in shares of Old Dominion Freight Line in the first quarter worth approximately $39,000. Olde Wealth Management LLC purchased a new stake in shares of Old Dominion Freight Line during the first quarter valued at approximately $43,000. Finally, WPG Advisers LLC bought a new stake in shares of Old Dominion Freight Line during the first quarter valued at approximately $51,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Stock Up 0.2%

Old Dominion Freight Line stock opened at $136.12 on Monday. Old Dominion Freight Line, Inc. has a one year low of $133.69 and a one year high of $233.26. The stock has a fifty day moving average of $144.43 and a 200 day moving average of $154.16. 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 stock has a market cap of $28.61 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.22 and a beta of 1.19.

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

Old Dominion Freight Line Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. Old Dominion Freight Line’s dividend payout ratio is currently 21.88%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ODFL shares. Evercore ISI lowered their price objective on Old Dominion Freight Line from $155.00 to $143.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Wolfe Research boosted their price target on Old Dominion Freight Line from $129.00 to $140.00 in a research note on Tuesday, October 7th. UBS Group upped their price target on Old Dominion Freight Line from $155.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Susquehanna lifted their price objective on Old Dominion Freight Line from $155.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Barclays lowered their target price on shares of Old Dominion Freight Line from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $161.90.

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.