Valmark Advisers Inc. Has $759,000 Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Valmark Advisers Inc. grew its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 88.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,589 shares of the transportation company's stock after purchasing an additional 2,158 shares during the period. Valmark Advisers Inc.'s holdings in Old Dominion Freight Line were worth $759,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. American National Bank & Trust bought a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $35,000. Itau Unibanco Holding S.A. grew its stake in shares of 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. 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 grew 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 buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Wall Street Analyst Weigh In

ODFL has been the subject of several recent research reports. Susquehanna lowered their price target on Old Dominion Freight Line from $168.00 to $160.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Benchmark reissued a "hold" rating and issued a $102.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, June 12th. Bank of America upped their target price on Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Evercore ISI decreased their target price on 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. Finally, Wells Fargo & Company set a $150.00 target price on Old Dominion Freight Line and gave the stock an "underweight" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $176.10.

Old Dominion Freight Line Stock Up 0.4%

Shares of ODFL stock opened at $161.97 on Wednesday. The stock has a market cap of $34.23 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 3.31 and a beta of 1.26. Old Dominion Freight Line, Inc. has a one year low of $144.90 and a one year high of $233.26. The stock has a fifty day moving average price of $159.77 and a 200 day moving average price of $173.08. 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 (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate 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 27.40% and a net margin of 20.04%. Old Dominion Freight Line's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.34 earnings per share. Analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a $0.28 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.12 annualized dividend and a yield of 0.69%. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 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.

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