1,324 Shares in Old Dominion Freight Line, Inc. $ODFL Acquired by OneAscent Family Office LLC

OneAscent Family Office LLC purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,324 shares of the transportation company’s stock, valued at approximately $215,000.

Other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR lifted its holdings in shares of Old Dominion Freight Line by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock valued at $1,665,000 after acquiring an additional 67 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Old Dominion Freight Line by 3.1% in the 1st quarter. Benjamin Edwards Inc. now owns 2,368 shares of the transportation company’s stock valued at $392,000 after purchasing an additional 71 shares in the last quarter. iA Global Asset Management Inc. raised its position in Old Dominion Freight Line by 0.3% in the second quarter. iA Global Asset Management Inc. now owns 23,468 shares of the transportation company’s stock valued at $3,809,000 after purchasing an additional 72 shares during the period. Brighton Jones LLC raised its position in Old Dominion Freight Line by 5.3% in the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 79 shares during the period. Finally, Asahi Life Asset Management CO. LTD. lifted its stake in shares of Old Dominion Freight Line by 3.9% during the second quarter. Asahi Life Asset Management CO. LTD. now owns 2,140 shares of the transportation company’s stock worth $347,000 after purchasing an additional 80 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Down 0.4%

Shares of Old Dominion Freight Line stock opened at $140.78 on Thursday. The business has a 50-day moving average price of $141.99 and a 200 day moving average price of $153.24. Old Dominion Freight Line, Inc. has a fifty-two week low of $133.69 and a fifty-two week high of $233.26. The firm has a market cap of $29.59 billion, a P/E ratio of 28.33, a P/E/G ratio of 3.22 and a beta of 1.22. The company has a quick ratio of 1.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. On average, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.12 annualized dividend and a yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio is 22.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus lowered their target price on Old Dominion Freight Line from $168.00 to $162.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Evercore ISI dropped their price objective on shares of Old Dominion Freight Line from $143.00 to $139.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. 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 research note on Monday, August 4th. Wall Street Zen raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Stephens dropped their price target on shares of Old Dominion Freight Line from $162.00 to $156.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Eight investment 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. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $159.33.

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.