One Wealth Advisors LLC Purchases 2,374 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

One Wealth Advisors LLC grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 105.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,626 shares of the transportation company's stock after acquiring an additional 2,374 shares during the period. One Wealth Advisors LLC's holdings in Old Dominion Freight Line were worth $765,000 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. Larson Financial Group LLC raised its stake in Old Dominion Freight Line by 234.8% during the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock valued at $25,000 after purchasing an additional 108 shares during the period. American National Bank & Trust acquired a new stake in Old Dominion Freight Line during the 1st quarter valued at $30,000. Wayfinding Financial LLC acquired a new position in shares of Old Dominion Freight Line in the first quarter worth $39,000. Itau Unibanco Holding S.A. increased 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 worth $40,000 after acquiring an additional 192 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of Old Dominion Freight Line in the first quarter worth $43,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Wall Street Analyst Weigh In

ODFL has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the stock an "underweight" rating in a research note on Monday, July 7th. Jefferies Financial Group dropped their price target on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Benchmark reaffirmed a "hold" rating and issued a $102.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, June 12th. Bank of America upped their price target on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $174.85.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock traded down $0.70 on Friday, reaching $167.09. The stock had a trading volume of 1,747,264 shares, compared to its average volume of 1,615,868. 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 firm's 50-day moving average is $163.55 and its two-hundred day moving average is $169.67. The firm has a market capitalization of $35.31 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 3.38 and a beta of 1.25. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $1.34 EPS. Old Dominion Freight Line's quarterly revenue was down 5.8% on a year-over-year basis. On average, research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. 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 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.