17,703 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC purchased a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,703 shares of the transportation company’s stock, valued at approximately $3,792,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in Old Dominion Freight Line during the 4th quarter valued at $27,000. Trust Co. of Vermont purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $27,000. Raleigh Capital Management Inc. purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $29,000. Headinvest LLC purchased a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at $30,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $34,000. 77.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ODFL. Bank of America cut their price target on Old Dominion Freight Line from $205.00 to $192.00 and set a “neutral” rating on the stock in a report on Thursday, June 6th. Raymond James dropped their target price on Old Dominion Freight Line from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday. UBS Group lifted their price target on Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price target on Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Finally, Robert W. Baird raised Old Dominion Freight Line from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $201.18.

Old Dominion Freight Line Trading Down 0.9 %

Shares of Old Dominion Freight Line stock opened at $174.37 on Friday. The firm has a market capitalization of $37.89 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 2.29 and a beta of 1.02. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $227.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a 50 day moving average of $179.83 and a 200 day moving average of $200.11.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. As a group, research analysts predict that Old Dominion Freight Line, Inc. will post 5.96 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 19th. Investors of record on Wednesday, June 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, June 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%.

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.