Retireful LLC Purchases Shares of 2,054 Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Retireful LLC acquired a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,054 shares of the transportation company's stock, valued at approximately $339,000.

A number of other hedge funds also recently bought and sold shares of ODFL. American National Bank & Trust purchased a new stake in Old Dominion Freight Line in the first quarter worth about $30,000. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $35,000. Itau Unibanco Holding S.A. boosted its stake in Old Dominion Freight Line by 518.9% during the fourth 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 during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $51,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Old Dominion Freight Line by 98.2% in the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock valued at $60,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Down 1.1%

Shares of Old Dominion Freight Line stock traded down $1.81 during trading on Thursday, reaching $159.68. The company's stock had a trading volume of 1,320,095 shares, compared to its average volume of 1,646,461. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $33.74 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26. The company has a 50-day simple moving average of $158.93 and a two-hundred day simple moving average of $178.56.

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, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The business's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. As a group, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 annualized dividend and a yield of 0.70%. Old Dominion Freight Line's payout ratio is presently 21.01%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ODFL. Barclays decreased their price target on Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Evercore ISI reduced their price objective on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. UBS Group cut their price target on Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley set a $185.00 price target on Old Dominion Freight Line in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group cut their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of "Hold" and a consensus target price of $180.42.

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.