GTS Securities LLC Has $255,000 Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

GTS Securities LLC cut its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 93.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,447 shares of the transportation company's stock after selling 19,456 shares during the period. GTS Securities LLC's holdings in Old Dominion Freight Line were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ODFL. Hantz Financial Services Inc. boosted its holdings in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock worth $277,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Old Dominion Freight Line by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock worth $509,000 after buying an additional 55 shares during the last quarter. Evergreen Private Wealth LLC boosted its holdings in Old Dominion Freight Line by 0.9% in the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after buying an additional 59 shares during the last quarter. Lido Advisors LLC boosted its holdings in Old Dominion Freight Line by 3.2% in the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock worth $340,000 after buying an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in Old Dominion Freight Line by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock worth $206,000 after buying an additional 61 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research note on Friday. Stifel Nicolaus decreased their target price on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Citigroup raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $186.00 to $183.00 in a research note on Tuesday, April 8th. Susquehanna decreased their target price on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $182.26.

Old Dominion Freight Line Stock Down 1.4%

ODFL stock traded down $2.29 during mid-day trading on Friday, hitting $159.72. 2,898,004 shares of the company were exchanged, compared to its average volume of 1,658,721. The company has a market capitalization of $33.75 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. The firm has a fifty day simple moving average of $159.43 and a 200 day simple moving average of $180.17.

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

Old Dominion Freight Line Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. Old Dominion Freight Line's dividend payout ratio (DPR) 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.