Nisa Investment Advisors LLC Sells 3,999 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Nisa Investment Advisors LLC decreased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 6.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 57,060 shares of the transportation company's stock after selling 3,999 shares during the period. Nisa Investment Advisors LLC's holdings in Old Dominion Freight Line were worth $9,441,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at about $30,000. Wayfinding Financial LLC purchased a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at about $39,000. Itau Unibanco Holding S.A. raised its holdings in shares of 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 valued at $40,000 after acquiring an additional 192 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at about $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

Analyst Ratings Changes

ODFL has been the topic of several recent analyst reports. Barclays lowered their price target on Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Truist Financial increased their price objective on Old Dominion Freight Line from $175.00 to $180.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Jefferies Financial Group decreased their price objective 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. UBS Group decreased their price objective on Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen raised Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $174.45.

Old Dominion Freight Line Trading Down 2.0%

ODFL traded down $3.39 on Friday, hitting $167.73. 1,137,576 shares of the company were exchanged, compared to its average volume of 1,651,920. The firm has a fifty day simple moving average of $163.56 and a two-hundred day simple moving average of $170.70. 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 12 month low of $144.90 and a 12 month high of $233.26. The stock has a market capitalization of $35.44 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 3.55 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.34 EPS. Sell-side 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. Stockholders of record on Wednesday, June 4th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. Old Dominion Freight Line's dividend payout ratio is currently 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.