Janney Montgomery Scott LLC lifted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,953 shares of the transportation company's stock after purchasing an additional 4,252 shares during the period. Janney Montgomery Scott LLC's holdings in Old Dominion Freight Line were worth $15,048,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ODFL. Blueshift Asset Management LLC bought a new position in Old Dominion Freight Line in the fourth quarter worth approximately $630,000. Ameriprise Financial Inc. raised its position in Old Dominion Freight Line by 2.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company's stock worth $223,281,000 after acquiring an additional 35,778 shares during the period. Flossbach Von Storch SE raised its position in Old Dominion Freight Line by 119.5% in the fourth quarter. Flossbach Von Storch SE now owns 362,706 shares of the transportation company's stock worth $63,981,000 after acquiring an additional 197,461 shares during the period. Callan Family Office LLC bought a new position in Old Dominion Freight Line in the 4th quarter worth $307,000. Finally, one8zero8 LLC bought a new position in Old Dominion Freight Line in the 4th quarter worth $431,000. Institutional investors own 77.82% of the company's stock.
Old Dominion Freight Line Trading Up 0.3%
Shares of ODFL traded up $0.43 during mid-day trading on Friday, reaching $156.46. 2,545,790 shares of the company's stock traded hands, compared to its average volume of 1,638,614. The stock has a market cap of $33.06 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.21 and a beta of 1.26. The stock's 50-day moving average is $159.46 and its two-hundred day moving average is $173.65. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32.
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, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion for 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%. Old Dominion Freight Line's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Wednesday, June 4th. Old Dominion Freight Line's payout ratio is presently 21.01%.
Wall Street Analysts Forecast Growth
ODFL has been the topic of several recent research reports. Bank of America raised their price objective on Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. The Goldman Sachs Group upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and raised their target price for the stock from $190.00 to $200.00 in a research note on Monday, June 2nd. Wall Street Zen upgraded shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Stephens restated an "overweight" rating and set a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Finally, 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 on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of "Hold" and an average price target of $176.10.
Get Our Latest Stock Analysis on ODFL
Old Dominion Freight Line Profile
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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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