Litman Gregory Wealth Management LLC Has $5.14 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Litman Gregory Wealth Management LLC raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 192.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,075 shares of the transportation company's stock after buying an additional 20,442 shares during the period. Litman Gregory Wealth Management LLC's holdings in Old Dominion Freight Line were worth $5,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its stake 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 valued at $25,000 after purchasing an additional 108 shares during the last quarter. American National Bank & Trust bought a new position in Old Dominion Freight Line in the first quarter valued at approximately $30,000. Itau Unibanco Holding S.A. boosted 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 acquiring an additional 192 shares during the last quarter. Wayfinding Financial LLC bought a new position in Old Dominion Freight Line in the first quarter valued at approximately $39,000. Finally, Olde Wealth Management LLC bought a new position in Old Dominion Freight Line in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ODFL shares. Bank of America lifted their price target on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. reduced their price target on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Barclays reduced their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $174.45.

Old Dominion Freight Line Stock Performance

Shares of Old Dominion Freight Line stock opened at $160.83 on Thursday. The company has a 50 day moving average of $164.02 and a 200-day moving average of $170.32. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.01. The company has a market cap of $33.99 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 3.25 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The firm's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was 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.

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