Roundview Capital LLC Sells 7,153 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Roundview Capital LLC cut its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 51.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,827 shares of the transportation company's stock after selling 7,153 shares during the quarter. Roundview Capital LLC's holdings in Old Dominion Freight Line were worth $1,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Old Dominion Freight Line by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,927,383 shares of the transportation company's stock valued at $870,311,000 after purchasing an additional 96,410 shares during the last quarter. Norges Bank bought a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at approximately $494,916,000. Capital World Investors grew its holdings in shares of Old Dominion Freight Line by 1.1% during the 4th quarter. Capital World Investors now owns 2,510,101 shares of the transportation company's stock valued at $442,784,000 after purchasing an additional 27,367 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Old Dominion Freight Line by 15.2% during the 4th quarter. Northern Trust Corp now owns 1,983,857 shares of the transportation company's stock valued at $349,952,000 after purchasing an additional 261,305 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Old Dominion Freight Line by 13.6% during the 4th quarter. First Trust Advisors LP now owns 1,547,441 shares of the transportation company's stock valued at $272,969,000 after purchasing an additional 185,500 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Up 1.1%

ODFL traded up $1.80 during trading on Thursday, hitting $167.79. 1,315,631 shares of the company's stock were exchanged, compared to its average volume of 1,633,685. 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 business's 50 day moving average is $163.63 and its two-hundred day moving average is $169.76. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The stock has a market cap of $35.46 billion, a P/E ratio of 31.48, a PEG ratio of 3.34 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The business's revenue was down 5.8% on a year-over-year basis. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.67%. Old Dominion Freight Line's payout ratio is 21.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the stock an "underweight" rating in a report on Monday, July 7th. Truist Financial boosted their target price on shares of Old Dominion Freight Line from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Bank of America boosted their target price on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reduced their target price on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Finally, Barclays reduced their target price on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $174.85.

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.