Old Dominion Freight Line's (ODFL) Hold Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of Old Dominion Freight Line (NASDAQ:ODFL - Free Report) in a research report released on Thursday,Benzinga reports. The firm currently has a $102.00 target price on the transportation company's stock.

Several other research firms have also recently commented on ODFL. The Goldman Sachs Group raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and raised their target price for the company from $190.00 to $200.00 in a research note on Monday, June 2nd. Deutsche Bank Aktiengesellschaft began 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. Susquehanna lowered their target price on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley set a $185.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd. Finally, Raymond James set a $185.00 target price on shares of Old Dominion Freight Line and gave the company an "outperform" rating in a research note on Thursday, April 24th. One equities 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. According to MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus target price of $176.50.

Old Dominion Freight Line Stock Up 0.2%

NASDAQ ODFL traded up $0.30 during trading hours on Thursday, reaching $162.41. 1,305,929 shares of the company traded hands, compared to its average volume of 1,638,696. The company has a 50 day moving average of $159.30 and a two-hundred day moving average of $176.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a 12 month low of $144.90 and a 12 month high of $233.26. The stock has a market capitalization of $34.32 billion, a PE ratio of 29.64, a PEG ratio of 2.89 and a beta of 1.27.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $1.34 EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts expect that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 21.01%.

Institutional Trading of Old Dominion Freight Line

A number of institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in shares of Old Dominion Freight Line by 234.8% in the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock valued at $25,000 after purchasing an additional 108 shares during the period. American National Bank & Trust bought a new position in shares of Old Dominion Freight Line in the first quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. Wayfinding Financial LLC bought a new position in shares of Old Dominion Freight Line in the first quarter valued at approximately $39,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Old Dominion Freight Line in the first quarter valued at approximately $39,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Company 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.