OneAscent Financial Services LLC Purchases 2,585 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

OneAscent Financial Services LLC boosted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 137.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,464 shares of the transportation company's stock after buying an additional 2,585 shares during the period. OneAscent Financial Services LLC's holdings in Old Dominion Freight Line were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its stake in Old Dominion Freight Line by 234.8% in the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock valued at $25,000 after buying an additional 108 shares in the last quarter. American National Bank & Trust purchased a new position in Old Dominion Freight Line in the 1st quarter valued at approximately $30,000. Wayfinding Financial LLC purchased a new position in Old Dominion Freight Line in the 1st quarter valued at approximately $39,000. Itau Unibanco Holding S.A. grew its stake in Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after buying an additional 192 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Old Dominion Freight Line in the 1st quarter valued at approximately $43,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ODFL has been the subject of a number of recent research reports. Baird R W upgraded shares of Old Dominion Freight Line to a "hold" rating in a research note on Tuesday, July 1st. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. Evercore ISI reduced their price target 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. Susquehanna reduced their price target on shares of Old Dominion Freight Line from $168.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Finally, Robert W. Baird initiated coverage on shares of Old Dominion Freight Line in a research report on Tuesday, July 1st. They set a "neutral" rating and a $164.00 price target for the company. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $174.85.

Old Dominion Freight Line Trading Up 0.5%

Old Dominion Freight Line stock traded up $0.81 during mid-day trading on Thursday, hitting $166.80. The company's stock had a trading volume of 517,132 shares, compared to its average volume of 1,786,199. The stock has a market cap of $35.25 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. The business has a 50 day moving average price of $163.79 and a 200-day moving average price of $169.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32. 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 issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The company's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. Old Dominion Freight Line's dividend payout ratio (DPR) is 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.