Mitsubishi UFJ Trust & Banking Corp Has $7.94 Million Holdings in Old Dominion Freight Line (ODFL)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 61.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,252 shares of the transportation company’s stock after selling 78,498 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Old Dominion Freight Line worth $7,942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of Old Dominion Freight Line by 5,010.3% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 254,850 shares of the transportation company’s stock worth $41,097,000 after buying an additional 249,863 shares during the last quarter. Morgan Stanley raised its position in Old Dominion Freight Line by 107.1% in the 2nd quarter. Morgan Stanley now owns 473,609 shares of the transportation company’s stock valued at $70,549,000 after purchasing an additional 244,948 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Old Dominion Freight Line by 132.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 286,730 shares of the transportation company’s stock valued at $44,717,000 after purchasing an additional 163,258 shares during the last quarter. Wells Fargo & Company MN raised its position in Old Dominion Freight Line by 24.6% in the 2nd quarter. Wells Fargo & Company MN now owns 734,540 shares of the transportation company’s stock valued at $109,417,000 after purchasing an additional 145,041 shares during the last quarter. Finally, Royal London Asset Management Ltd. purchased a new stake in Old Dominion Freight Line in the 2nd quarter valued at $13,838,000. Institutional investors own 72.55% of the company’s stock.

Shares of ODFL opened at $128.75 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 0.75 and a beta of 1.39. Old Dominion Freight Line has a 1 year low of $118.73 and a 1 year high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Thursday, October 25th. The transportation company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Old Dominion Freight Line had a net margin of 16.47% and a return on equity of 22.13%. As a group, equities research analysts expect that Old Dominion Freight Line will post 7.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.52 annualized dividend and a yield of 0.40%. Old Dominion Freight Line’s dividend payout ratio is currently 11.93%.

Several analysts recently commented on the stock. BidaskClub downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Morgan Stanley upped their price target on shares of Old Dominion Freight Line from $158.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 9th. KeyCorp reduced their price target on shares of Old Dominion Freight Line from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, October 26th. Bank of America upped their price target on shares of Old Dominion Freight Line from $139.00 to $143.00 and gave the company an “underperform” rating in a research report on Thursday, August 30th. Finally, ValuEngine upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Old Dominion Freight Line presently has a consensus rating of “Hold” and an average target price of $146.25.

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Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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

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