SeaCrest Wealth Management LLC Has $828,000 Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

SeaCrest Wealth Management LLC raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 126.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,775 shares of the transportation company’s stock after buying an additional 2,111 shares during the period. SeaCrest Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co grew its stake in shares of Old Dominion Freight Line by 162.9% in the first quarter. Diversified Trust Co now owns 7,350 shares of the transportation company’s stock valued at $1,612,000 after acquiring an additional 4,554 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Old Dominion Freight Line by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,325,321 shares of the transportation company’s stock valued at $2,563,843,000 after acquiring an additional 81,122 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Old Dominion Freight Line by 369.2% in the first quarter. Rise Advisors LLC now owns 183 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 144 shares in the last quarter. AMF Tjanstepension AB grew its stake in shares of Old Dominion Freight Line by 100.0% in the first quarter. AMF Tjanstepension AB now owns 41,532 shares of the transportation company’s stock valued at $9,110,000 after acquiring an additional 20,766 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Old Dominion Freight Line by 1.0% in the fourth quarter. US Bancorp DE now owns 18,134 shares of the transportation company’s stock valued at $7,351,000 after acquiring an additional 182 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ODFL has been the topic of several research reports. Vertical Research upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price target on the stock in a research note on Monday, April 29th. Raymond James reduced their price objective on shares of Old Dominion Freight Line from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Wells Fargo & Company initiated coverage on shares of Old Dominion Freight Line in a research note on Friday, June 7th. They set an “underweight” rating and a $175.00 price objective on the stock. TD Cowen reduced their price objective on shares of Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Finally, UBS Group increased their price objective on shares of Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. One 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $201.18.

Old Dominion Freight Line Stock Down 0.2 %

Shares of NASDAQ ODFL opened at $181.87 on Thursday. The company has a 50 day simple moving average of $177.46 and a 200 day simple moving average of $199.82. The firm has a market cap of $39.52 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $227.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.29.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. On average, research analysts forecast that Old Dominion Freight Line, Inc. will post 5.96 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 0.57%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%.

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.