Thurston Springer Miller Herd & Titak Inc. Sells 4,175 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 53.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,627 shares of the transportation company's stock after selling 4,175 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Old Dominion Freight Line were worth $600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ODFL. D.A. Davidson & CO. increased its stake in shares of Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock worth $509,000 after buying an additional 55 shares during the period. Evergreen Private Wealth LLC raised its stake in shares of Old Dominion Freight Line by 0.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after acquiring an additional 59 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Old Dominion Freight Line by 3.2% during the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock valued at $340,000 after acquiring an additional 59 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Old Dominion Freight Line by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock worth $206,000 after purchasing an additional 61 shares during the period. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Old Dominion Freight Line by 0.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company's stock worth $1,668,000 after purchasing an additional 62 shares during the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on ODFL. Wall Street Zen upgraded shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Susquehanna lowered their price objective on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Truist Financial cut their price objective on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. 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 stock. According to MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus target price of $180.42.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL traded up $1.88 during midday trading on Monday, hitting $162.21. 1,198,900 shares of the company's stock were exchanged, compared to its average volume of 1,639,440. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. The stock's 50 day moving average price is $158.79 and its 200-day moving average price is $177.66. The firm has a market cap of $34.28 billion, a P/E ratio of 29.60, a PEG ratio of 2.89 and a beta of 1.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The company's revenue for the quarter was down 5.8% on a year-over-year basis. Equities research analysts anticipate 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, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio is presently 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.