Brown Advisory Inc. Purchases 196,336 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Brown Advisory Inc. grew its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 272.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 268,516 shares of the transportation company's stock after buying an additional 196,336 shares during the period. Brown Advisory Inc. owned about 0.13% of Old Dominion Freight Line worth $44,426,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Lido Advisors LLC lifted its holdings in shares of Old Dominion Freight Line by 3.2% in the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock worth $340,000 after purchasing an additional 59 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Old Dominion Freight Line by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after acquiring an additional 61 shares during the period. Integrated Wealth Concepts LLC increased its position in Old Dominion Freight Line by 1.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock valued at $799,000 after acquiring an additional 63 shares during the period. Benjamin Edwards Inc. increased its position in Old Dominion Freight Line by 3.0% in the 4th quarter. Benjamin Edwards Inc. now owns 2,297 shares of the transportation company's stock valued at $405,000 after acquiring an additional 67 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in Old Dominion Freight Line by 4.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company's stock valued at $268,000 after acquiring an additional 71 shares during the period. Institutional investors own 77.82% of the company's stock.

Analyst Upgrades and Downgrades

ODFL has been the topic of several analyst reports. Baird R W upgraded Old Dominion Freight Line to a "hold" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lowered their price target on Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating on the stock in a research report on Tuesday. Wall Street Zen upgraded Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Robert W. Baird initiated 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, Raymond James Financial set a $185.00 price target on Old Dominion Freight Line and gave the company an "outperform" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $174.45.

Old Dominion Freight Line Trading Down 2.0%

NASDAQ:ODFL traded down $3.39 during trading hours on Friday, hitting $167.73. 1,137,576 shares of the stock were exchanged, compared to its average volume of 1,651,594. The company's 50 day moving average is $163.37 and its two-hundred day moving average is $170.80. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $35.45 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 3.49 and a beta of 1.25.

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 (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. On average, sell-side analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Wednesday, June 4th. Old Dominion Freight Line's payout ratio is 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.