Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,595 shares of the transportation company's stock after acquiring an additional 1,529 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Old Dominion Freight Line were worth $2,911,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Evergreen Private Wealth LLC lifted its holdings in shares of Old Dominion Freight Line by 0.9% in the 4th 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 lifted its holdings in shares of Old Dominion Freight Line by 3.2% in the 4th 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 lifted its holdings in shares of Old Dominion Freight Line by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after acquiring an additional 61 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Old Dominion Freight Line by 1.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock valued at $799,000 after acquiring an additional 63 shares during the last quarter. Finally, Norden Group LLC lifted its stake in Old Dominion Freight Line by 4.9% in the fourth quarter. Norden Group LLC now owns 1,416 shares of the transportation company's stock worth $250,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 77.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James Financial set a $185.00 price objective on shares of Old Dominion Freight Line and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Wells Fargo & Company set a $150.00 price objective on shares of Old Dominion Freight Line and gave the stock an "underweight" rating in a research note on Thursday, April 24th. Benchmark reissued a "hold" rating and issued a $102.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, June 12th. Bank of America raised 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 research note on Friday, May 16th. Finally, Morgan Stanley set a $185.00 price objective on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $176.10.

Old Dominion Freight Line Stock Up 1.7%

NASDAQ ODFL traded up $2.69 on Friday, hitting $163.68. The stock had a trading volume of 6,623,108 shares, compared to its average volume of 1,653,185. The business's fifty day moving average price is $160.36 and its 200 day moving average price is $172.19. 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, Inc. has a 52-week low of $144.90 and a 52-week high of $233.26. The stock has a market cap of $34.59 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.37 and a beta of 1.26.

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 EPS 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 business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. 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.