Whittier Trust Co. of Nevada Inc. Acquires 1,748 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,458 shares of the transportation company's stock after acquiring an additional 1,748 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Old Dominion Freight Line were worth $8,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at about $30,000. Wayfinding Financial LLC acquired 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 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 period. Olde Wealth Management LLC acquired 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 acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at about $51,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Price Performance

Shares of ODFL stock traded up $0.03 during trading on Wednesday, hitting $161.38. The company had a trading volume of 549,142 shares, compared to its average volume of 1,640,858. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $34.10 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 3.34 and a beta of 1.25. The stock's 50-day moving average price is $163.91 and its 200 day moving average price is $170.39. Old Dominion Freight Line, Inc. has a one year low of $144.90 and a one year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. Equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS 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. Investors of record on Wednesday, June 4th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 21.01%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays dropped 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 research note on Thursday, April 24th. Jefferies Financial Group lowered their target price on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Benchmark reaffirmed a "hold" rating and issued a $102.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, June 12th. Robert W. Baird assumed coverage on Old Dominion Freight Line in a research report on Tuesday, July 1st. They set a "neutral" rating and a $164.00 price target on the stock. Finally, Stifel Nicolaus lowered their price target on Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $174.45.

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.