New York State Common Retirement Fund Has $27.11 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

New York State Common Retirement Fund decreased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 43.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,870 shares of the transportation company's stock after selling 127,825 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Old Dominion Freight Line worth $27,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ODFL. American National Bank & Trust bought a new stake in shares of Old Dominion Freight Line during the first quarter worth about $30,000. Wayfinding Financial LLC bought a new stake in Old Dominion Freight Line in the 1st quarter worth about $39,000. Itau Unibanco Holding S.A. grew its position in Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock worth $40,000 after purchasing an additional 192 shares in the last quarter. Olde Wealth Management LLC bought a new stake in Old Dominion Freight Line in the 1st quarter worth about $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Old Dominion Freight Line in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stephens reissued an "overweight" rating and issued a $180.00 price target (down previously from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Citigroup raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Susquehanna decreased their price target on shares of Old Dominion Freight Line from $168.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Morgan Stanley set a $185.00 target price on shares of Old Dominion Freight Line in a report on Wednesday, April 2nd. Finally, Raymond James Financial set a $185.00 target price on shares of Old Dominion Freight Line and gave the company an "outperform" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of "Hold" and a consensus price target of $174.45.

Old Dominion Freight Line Stock Up 1.0%

Shares of NASDAQ ODFL traded up $1.65 during mid-day trading on Thursday, reaching $162.48. 919,570 shares of the company traded hands, compared to its average volume of 1,802,012. The stock has a market cap of $34.34 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 3.25 and a beta of 1.25. The company's fifty day moving average is $164.02 and its two-hundred day moving average is $170.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.32 and a current ratio of 1.32. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The company's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $1.34 EPS. On average, analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.28 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.12 annualized dividend and a yield of 0.69%. Old Dominion Freight Line's payout ratio is 21.01%.

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.