Old Dominion Freight Line, Inc. Buyback
OLI recorded this information on 5/23/2016
Company:
Old Dominion Freight Line, Inc.
Buyback:
ODFL buyback
$Amount Authorized:
$262,000,000
Buyback Details:
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced that its Board of Directors has approved a new two-year stock repurchase program authorizing Old Dominion to repurchase up to $250 million of its outstanding common stock. Old Dominion's total outstanding stock repurchase authority is now approximately $262 million. This total includes approximately $12 million remaining under the previously authorized repurchase program announced on November 10, 2014, which the Company intends to complete before it commences the new repurchase program.
Old Dominion Freight Line is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL services, which include expedited transportation. In addition, Co. provides a range of services including container drayage, truckload brokerage and supply chain consulting. Co. also provides access to its systems through multiple gateways that provide its customers and employees flexibility and access to information. Co. employs vehicle safety systems, on-board computer systems and smart phones, freight handling systems and logistics technology to reduce costs and transit times.
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Avg. Broker Rec.
  
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Hold (2.43 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ODFL Stock Forecast Based on Zacks ABR data; powered by Xignite |
