UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 67,256 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,262,570 shares of the transportation company's stock after selling 67,256 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.59% of Old Dominion Freight Line worth $222,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock worth $277,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. increased its stake in shares of 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 worth $509,000 after buying an additional 55 shares during the period. Evergreen Private Wealth LLC raised its holdings in Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after buying an additional 59 shares during the last quarter. Lido Advisors LLC boosted its position in Old Dominion Freight Line by 3.2% during the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock valued at $340,000 after buying an additional 59 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Old Dominion Freight Line by 5.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after buying an additional 61 shares during the period. Institutional investors own 77.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wall Street Zen downgraded Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. JPMorgan Chase & Co. lowered their price target on Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Bank of America lifted their price objective on Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Susquehanna reduced their target price on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $182.26.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock traded up $2.27 during mid-day trading on Tuesday, reaching $163.83. 917,838 shares of the company's stock traded hands, compared to its average volume of 1,662,623. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $34.62 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26. The firm has a 50 day moving average price of $159.74 and a two-hundred day moving average price of $181.36.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released 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 analyst estimates of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Old Dominion Freight Line's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 21.01%.

Old Dominion Freight Line 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.