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

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 53.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in Old Dominion Freight Line by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,927,383 shares of the transportation company's stock worth $870,311,000 after acquiring an additional 96,410 shares in the last quarter. Norges Bank bought a new stake in shares of Old Dominion Freight Line during the 4th quarter worth $494,916,000. Capital World Investors boosted 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 worth $442,784,000 after buying an additional 27,367 shares during the period. Northern Trust Corp boosted 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 worth $349,952,000 after buying an additional 261,305 shares during the period. Finally, First Trust Advisors LP boosted 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 worth $272,969,000 after buying an additional 185,500 shares during the period. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Trading Down 1.1%

Shares of ODFL stock opened at $159.68 on Friday. Old Dominion Freight Line, Inc. has a 52-week low of $144.90 and a 52-week high of $233.26. The stock 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 1.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a fifty day moving average of $158.93 and a 200-day moving average of $178.56.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data 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 net margin of 20.40% and a return on equity of 28.02%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The business's revenue was down 5.8% on a year-over-year basis. On average, equities research analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, June 4th. Old Dominion Freight Line's payout ratio is 21.01%.

Analysts Set New Price Targets

ODFL has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Bank of America upped their price objective 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. Citigroup raised 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. Stephens reaffirmed an "overweight" rating and set a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Finally, Truist Financial decreased their price objective on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.