Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Holdings Decreased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,697 shares of the transportation company's stock after selling 5,576 shares during the period. GHP Investment Advisors Inc.'s holdings in Old Dominion Freight Line were worth $2,928,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Old Dominion Freight Line by 5.3% in the 4th quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company's stock valued at $275,000 after purchasing an additional 79 shares in the last quarter. Principal Securities Inc. increased its holdings in Old Dominion Freight Line by 33.0% in the fourth quarter. Principal Securities Inc. now owns 593 shares of the transportation company's stock valued at $105,000 after buying an additional 147 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after buying an additional 55 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in Old Dominion Freight Line by 22.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,360 shares of the transportation company's stock valued at $240,000 after buying an additional 249 shares in the last quarter. Finally, World Equity Group Inc. bought a new position in Old Dominion Freight Line during the 4th quarter worth approximately $231,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ODFL shares. Truist Financial lowered their price target on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays dropped their target price on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. UBS Group reduced 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 research report on Tuesday, April 8th. Evercore ISI lowered their price objective on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $176.10.

Old Dominion Freight Line Price Performance

Shares of ODFL stock traded down $1.62 during midday trading on Wednesday, reaching $160.35. 1,400,551 shares of the company were exchanged, compared to its average volume of 1,634,760. 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 market cap of $33.89 billion, a P/E ratio of 30.08, a PEG ratio of 3.31 and a beta of 1.26. The company's 50 day moving average price is $159.77 and its two-hundred day moving average price is $173.08. 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 (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The business's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. On average, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.12 annualized dividend and a yield of 0.70%. Old Dominion Freight Line's payout ratio is presently 21.01%.

About Old Dominion Freight Line

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.