Jefferies Financial Group Inc. purchased a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,390 shares of the transportation company's stock, valued at approximately $1,127,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at $35,000. Itau Unibanco Holding S.A. increased its stake 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. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at $41,000. Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line in the fourth quarter valued at $51,000. Finally, CoreCap Advisors LLC increased its stake 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 owned by institutional investors.
Old Dominion Freight Line Stock Performance
ODFL traded down $2.29 during midday trading on Friday, reaching $159.72. The company had a trading volume of 2,898,004 shares, compared to its average volume of 1,663,730. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $33.75 billion, a PE ratio of 29.15, a P/E/G ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26. The business has a 50-day moving average price of $159.43 and a two-hundred day moving average price of $180.17.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. On average, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.
Old Dominion Freight Line Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, June 4th. Old Dominion Freight Line's payout ratio is 21.01%.
Analyst Ratings Changes
Several research firms have weighed in on ODFL. Barclays decreased their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Susquehanna decreased their target price on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company set a $150.00 target price on shares of Old Dominion Freight Line and gave the stock an "underweight" rating in a research report on Thursday, April 24th. Truist Financial decreased their target price on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $182.26.
Get Our Latest Research Report on Old Dominion Freight Line
About Old Dominion Freight Line
(
Free Report)
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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