Bryn Mawr Capital Management LLC Sells 4,200 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Bryn Mawr Capital Management LLC lessened its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 75.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,400 shares of the transportation company's stock after selling 4,200 shares during the period. Bryn Mawr Capital Management LLC's holdings in Old Dominion Freight Line were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ODFL. Lido Advisors LLC raised its holdings in shares of Old Dominion Freight Line by 3.2% during the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock worth $340,000 after acquiring an additional 59 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in Old Dominion Freight Line by 1.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock worth $799,000 after buying an additional 63 shares during the last quarter. Benjamin Edwards Inc. increased its position in Old Dominion Freight Line by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 2,297 shares of the transportation company's stock worth $405,000 after buying an additional 67 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Old Dominion Freight Line by 4.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company's stock worth $268,000 after buying an additional 71 shares during the last quarter. Finally, City Holding Co. increased its position in Old Dominion Freight Line by 1.1% during the first quarter. City Holding Co. now owns 7,104 shares of the transportation company's stock worth $1,175,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Stock Up 0.9%

NASDAQ ODFL traded up $1.40 on Thursday, reaching $162.23. The company had a trading volume of 1,770,135 shares, compared to its average volume of 1,640,564. The firm has a market capitalization of $34.28 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. 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 1-year low of $144.90 and a 1-year high of $233.26. The company's fifty day moving average is $164.06 and its 200-day moving average is $170.22.

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 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 firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the firm posted $1.34 EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. On average, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.28 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. Old Dominion Freight Line's payout ratio is 21.01%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ODFL. Evercore ISI lowered 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 report on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and set a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on shares of 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. Wells Fargo & Company lifted their target price on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. Finally, Raymond James Financial set a $185.00 target price on shares of Old Dominion Freight Line and gave the company an "outperform" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.