Banco Bilbao Vizcaya Argentaria S.A. Sells 2,008 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 34.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,867 shares of the transportation company's stock after selling 2,008 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Old Dominion Freight Line were worth $682,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth $35,000. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line during the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp bought a new position in Old Dominion Freight Line in the fourth quarter valued at about $51,000. Versant Capital Management Inc raised its stake in shares of Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after buying an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at about $69,000. 77.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com lowered Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Evercore ISI reduced their price target on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group dropped their price objective on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Truist Financial dropped their price objective on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group cut their price objective on Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of "Hold" and a consensus target price of $183.37.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock traded up $7.45 during midday trading on Friday, reaching $158.01. 2,628,110 shares of the company traded hands, compared to its average volume of 1,683,789. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50 day moving average of $162.13 and a two-hundred day moving average of $186.35.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The company's revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. As a group, research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. Old Dominion Freight Line's payout ratio is 21.01%.

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.