Cwm LLC Boosts Position in Old Dominion Freight Line, Inc. $ODFL

Cwm LLC increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 52.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,165 shares of the transportation company's stock after purchasing an additional 5,186 shares during the quarter. Cwm LLC's holdings in Old Dominion Freight Line were worth $2,461,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of Old Dominion Freight Line by 234.8% during the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock worth $25,000 after buying an additional 108 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Old Dominion Freight Line during the first quarter worth approximately $39,000. Zions Bancorporation National Association UT purchased a new stake in shares of Old Dominion Freight Line during the first quarter worth approximately $39,000. Olde Wealth Management LLC purchased a new position in Old Dominion Freight Line in the first quarter worth $43,000. Finally, WPG Advisers LLC purchased a new position in Old Dominion Freight Line in the first quarter worth $51,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Down 0.0%

Shares of ODFL stock opened at $138.04 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. Old Dominion Freight Line, Inc. has a 1 year low of $133.69 and a 1 year high of $233.26. The stock has a fifty day moving average of $145.42 and a two-hundred day moving average of $154.64. The firm has a market capitalization of $29.01 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 3.26 and a beta of 1.19.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.02). Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.48 EPS. The firm's quarterly revenue was down 6.1% on a year-over-year basis. As a group, research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Old Dominion Freight Line's payout ratio is currently 21.88%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Vertical Research upgraded Old Dominion Freight Line from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on Old Dominion Freight Line from $155.00 to $143.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. Baird R W raised Old Dominion Freight Line to a "hold" rating in a research note on Tuesday, July 1st. Robert W. Baird set a $148.00 price objective on Old Dominion Freight Line and gave the stock a "neutral" rating in a report on Monday, August 4th. Finally, Morgan Stanley dropped their target price on Old Dominion Freight Line from $170.00 to $165.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $163.86.

Old Dominion Freight Line 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.

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