Wilkinson Global Asset Management LLC Purchases 6,133 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Wilkinson Global Asset Management LLC grew its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,819 shares of the transportation company's stock after purchasing an additional 6,133 shares during the quarter. Old Dominion Freight Line comprises 1.1% of Wilkinson Global Asset Management LLC's portfolio, making the stock its 27th biggest holding. Wilkinson Global Asset Management LLC owned approximately 0.05% of Old Dominion Freight Line worth $17,839,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ODFL. American National Bank & Trust bought a new stake in Old Dominion Freight Line in the 1st quarter valued at $30,000. Wayfinding Financial LLC acquired a new position in shares of Old Dominion Freight Line during the first quarter valued at about $39,000. Itau Unibanco Holding S.A. lifted its stake in shares of Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after buying an additional 192 shares during the period. Olde Wealth Management LLC acquired a new stake in Old Dominion Freight Line during the first quarter worth about $43,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Old Dominion Freight Line during the fourth quarter worth 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 down $3.39 during trading hours on Friday, hitting $167.73. 1,137,576 shares of the company's stock were exchanged, compared to its average volume of 1,651,017. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week high of $233.26. The stock has a market cap of $35.44 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 3.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32. The stock's 50-day moving average is $163.56 and its 200-day moving average is $170.63.

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, topping the consensus estimate of $1.14 by $0.05. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The firm's quarterly revenue was down 5.8% on a year-over-year basis. As a group, research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.28 per share. 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 payout ratio is 21.01%.

Analyst Upgrades and Downgrades

ODFL has been the subject of several recent research reports. Wells Fargo & Company upped their price target on Old Dominion Freight Line from $150.00 to $160.00 and gave the company an "underweight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. cut their target price on Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Morgan Stanley set a $185.00 target price on Old Dominion Freight Line in a research report on Wednesday, April 2nd. Robert W. Baird started coverage on shares of Old Dominion Freight Line in a research note on Tuesday, July 1st. They set a "neutral" rating and a $164.00 price target on the stock. Finally, UBS Group lowered their price target on shares of 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. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.