Milestone Asset Management LLC Sells 8,980 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Milestone Asset Management LLC lessened its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 78.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,495 shares of the transportation company's stock after selling 8,980 shares during the period. Milestone Asset Management LLC's holdings in Old Dominion Freight Line were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ODFL. AustralianSuper Pty Ltd purchased a new position in shares of Old Dominion Freight Line in the 4th quarter worth approximately $128,221,000. Blueshift Asset Management LLC bought a new stake in Old Dominion Freight Line in the fourth quarter worth $630,000. Ameriprise Financial Inc. boosted its stake in Old Dominion Freight Line by 2.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company's stock worth $223,281,000 after buying an additional 35,778 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Old Dominion Freight Line by 10.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,370 shares of the transportation company's stock valued at $3,946,000 after acquiring an additional 2,053 shares during the last quarter. Finally, Vest Financial LLC raised its stake in shares of Old Dominion Freight Line by 27.4% in the fourth quarter. Vest Financial LLC now owns 177,848 shares of the transportation company's stock valued at $31,372,000 after acquiring an additional 38,253 shares during the period. Hedge funds and other institutional investors own 77.82% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Evercore ISI decreased their price objective on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Truist Financial cut their target price on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group reduced their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 price target for the company. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of "Hold" and an average target price of $180.42.

Old Dominion Freight Line Stock Up 0.4%

Old Dominion Freight Line stock traded up $0.65 during midday trading on Friday, hitting $160.33. 1,232,644 shares of the company's stock were exchanged, compared to its average volume of 1,640,656. 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 company has a market cap of $33.88 billion, a PE ratio of 29.26, a P/E/G ratio of 2.89 and a beta of 1.26. The firm has a 50-day moving average of $158.79 and a two-hundred day moving average of $178.20. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26.

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, beating analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $1.34 earnings per share. As a group, analysts expect 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 announced 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 annualized dividend and a yield of 0.70%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 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.