New York State Common Retirement Fund Acquires 19,149 Shares of Old Dominion Freight Line, Inc. (ODFL)

New York State Common Retirement Fund grew its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 301,739 shares of the transportation company’s stock after purchasing an additional 19,149 shares during the quarter. New York State Common Retirement Fund owned approximately 0.37% of Old Dominion Freight Line worth $33,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ODFL. Paradigm Asset Management Co. LLC acquired a new position in shares of Old Dominion Freight Line during the 2nd quarter valued at about $157,000. FDx Advisors Inc. acquired a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at about $204,000. Reliance Trust Co. of Delaware acquired a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at about $208,000. Stearns Financial Services Group acquired a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at about $209,000. Finally, IFP Advisors Inc boosted its position in shares of Old Dominion Freight Line by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the transportation company’s stock valued at $198,000 after acquiring an additional 238 shares during the last quarter. 72.45% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. Seaport Global Securities reissued a “buy” rating on shares of Old Dominion Freight Line in a research report on Tuesday, December 5th. ValuEngine cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Deutsche Bank cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating and lowered their price target for the company from $119.00 to $101.00 in a research report on Monday, December 4th. KeyCorp boosted their price target on shares of Old Dominion Freight Line from $125.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, December 5th. Finally, Credit Suisse Group reissued a “buy” rating and set a $142.00 price target (up previously from $128.00) on shares of Old Dominion Freight Line in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $112.00.

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) opened at $130.50 on Friday. The stock has a market cap of $10,678.39, a PE ratio of 31.93, a P/E/G ratio of 1.81 and a beta of 1.20. Old Dominion Freight Line, Inc. has a fifty-two week low of $80.56 and a fifty-two week high of $131.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. The firm had revenue of $872.99 million for the quarter, compared to analyst estimates of $855.85 million. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. Old Dominion Freight Line’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. equities analysts predict that Old Dominion Freight Line, Inc. will post 4.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.40 annualized dividend and a yield of 0.31%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 9.85%.

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About Old Dominion Freight Line

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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