Bensler LLC Increases Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Bensler LLC increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 10.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,304 shares of the transportation company's stock after buying an additional 4,828 shares during the period. Bensler LLC's holdings in Old Dominion Freight Line were worth $8,157,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American National Bank & Trust purchased a new stake in shares of Old Dominion Freight Line during the first quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. Itau Unibanco Holding S.A. boosted its holdings in Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after purchasing an additional 192 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line in the fourth quarter valued at approximately $51,000. Finally, CoreCap Advisors LLC boosted its holdings in Old Dominion Freight Line by 98.2% in the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock valued at $60,000 after purchasing an additional 168 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ODFL shares. The Goldman Sachs Group raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and upped their price target for the company from $190.00 to $200.00 in a report on Monday, June 2nd. Evercore ISI lowered 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 report on Thursday, April 24th. Barclays lowered their price target on Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Benchmark reaffirmed a "hold" rating and issued a $102.00 price target on shares of Old Dominion Freight Line in a report on Thursday. Finally, Morgan Stanley set a $185.00 price objective on Old Dominion Freight Line in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $176.50.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL traded down $2.23 during mid-day trading on Friday, hitting $160.18. 1,530,714 shares of the company were exchanged, compared to its average volume of 1,640,330. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $159.30 and a 200-day simple moving average of $176.66. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26. The firm has a market cap of $33.85 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.89 and a beta of 1.27.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Old Dominion Freight Line's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. On average, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS 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, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, June 4th. 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.