Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $164.06 and last traded at $165.54, with a volume of 190329 shares. The stock had previously closed at $167.03.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ODFL shares. Morgan Stanley increased their target price on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Wells Fargo & Company cut their price target on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating on the stock in a report on Tuesday, January 7th. Barclays cut their price target on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Finally, Evercore ISI raised their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Old Dominion Freight Line has a consensus rating of "Hold" and a consensus target price of $202.65.
Read Our Latest Research Report on Old Dominion Freight Line
Old Dominion Freight Line Stock Down 0.3 %
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 company has a market capitalization of $34.54 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The firm's 50-day simple moving average is $186.05 and its 200-day simple moving average is $195.35.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.
Old Dominion Freight Line Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.28 per share. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line's payout ratio is 18.98%.
Institutional Trading of Old Dominion Freight Line
Several institutional investors have recently made changes to their positions in ODFL. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. boosted its position in shares of Old Dominion Freight Line by 518.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after acquiring an additional 192 shares in the last quarter. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $41,000. RPg Family Wealth Advisory LLC acquired a new position in Old Dominion Freight Line in the third quarter valued at about $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $51,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.
About Old Dominion Freight Line
(
Get Free Report)
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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