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Blair William & Co. IL Has $3.16 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Old Dominion Freight Line logo with Transportation background

Key Points

  • Blair William & Co. IL reduced its position in Old Dominion Freight Line by 16.8%, selling 3,850 shares and now holding 19,072 shares valued at approximately $3.16 million.
  • Old Dominion Freight Line reported an EPS of $1.27 for the quarter, missing estimates by $0.02, and experienced a 6.1% year-over-year decline in revenue to $1.41 billion.
  • The company declared a quarterly dividend of $0.28, which will yield 0.8% annually, with a payout ratio of 21.88%.
  • Looking to export and analyze Old Dominion Freight Line data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Blair William & Co. IL cut its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 16.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,072 shares of the transportation company's stock after selling 3,850 shares during the period. Blair William & Co. IL's holdings in Old Dominion Freight Line were worth $3,156,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings 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 in the last quarter. American National Bank & Trust bought a new position in Old Dominion Freight Line during the first quarter valued at approximately $30,000. Wayfinding Financial LLC bought a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at approximately $39,000. Itau Unibanco Holding S.A. lifted its stake 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 purchasing an additional 192 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at approximately $43,000. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ODFL has been the topic of several recent research reports. Barclays set a $155.00 target price on Old Dominion Freight Line and gave the company an "equal weight" rating in a research report on Thursday, July 31st. TD Cowen lowered their price objective on Old Dominion Freight Line from $166.00 to $159.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. Evercore ISI dropped their price target on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Raymond James Financial decreased their price objective on Old Dominion Freight Line from $180.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Truist Financial boosted their price objective on Old Dominion Freight Line from $175.00 to $180.00 and gave the company a "buy" rating in a report on Monday, June 30th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $167.62.

View Our Latest Report on ODFL

Old Dominion Freight Line Price Performance

Shares of ODFL traded up $5.33 on Tuesday, reaching $148.35. The stock had a trading volume of 518,841 shares, compared to its average volume of 1,841,445. The firm has a market capitalization of $31.18 billion, a PE ratio of 28.97, a PEG ratio of 3.33 and a beta of 1.24. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $160.30 and a 200 day moving average of $166.59. Old Dominion Freight Line, Inc. has a twelve month low of $140.91 and a twelve month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.02). Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the business earned $1.48 earnings per share. The company's revenue for the quarter was down 6.1% compared to the same quarter last year. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, September 3rd. Old Dominion Freight Line's payout ratio is presently 21.88%.

Old Dominion Freight Line Profile

(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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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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