Voya Investment Management LLC Sells 14,288 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Voya Investment Management LLC trimmed its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,993 shares of the transportation company's stock after selling 14,288 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Old Dominion Freight Line worth $21,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Hantz Financial Services Inc. raised its holdings in Old Dominion Freight Line by 3.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Old Dominion Freight Line by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after acquiring an additional 55 shares in the last quarter. Evergreen Private Wealth LLC lifted its stake in Old Dominion Freight Line by 0.9% in the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after acquiring an additional 59 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Old Dominion Freight Line by 5.5% in the fourth 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 in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in Old Dominion Freight Line by 0.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company's stock valued at $1,668,000 after purchasing an additional 62 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL traded up $8.13 on Friday, reaching $158.69. 1,310,871 shares of the company's stock traded hands, compared to its average volume of 1,678,802. The firm has a market cap of $33.67 billion, a PE ratio of 29.08, a P/E/G ratio of 2.89 and a beta of 1.25. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $162.13 and a 200-day simple moving average of $186.35. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The business's revenue was down 5.8% on a year-over-year basis. Equities research 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 was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. Old Dominion Freight Line's dividend payout ratio (DPR) is 21.01%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Susquehanna lowered their price objective on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Raymond James set a $185.00 price target on Old Dominion Freight Line and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and dropped their target price for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Truist Financial decreased their price target on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Old Dominion Freight Line has a consensus rating of "Hold" and an average target price of $183.37.

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.