Retireful LLC Makes New $339,000 Investment in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Retireful LLC acquired a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 2,054 shares of the transportation company’s stock, valued at approximately $339,000.

A number of other institutional investors have also modified their holdings of ODFL. American National Bank & Trust purchased a new position in Old Dominion Freight Line in the first quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter worth $35,000. Itau Unibanco Holding S.A. raised its stake in shares of Old Dominion Freight Line by 518.9% in 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 during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $51,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Old Dominion Freight Line by 98.2% during the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Down 0.9%

Old Dominion Freight Line stock opened at $161.49 on Thursday. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year high of $233.26. The firm’s 50-day moving average is $159.04 and its 200-day moving average is $178.93. 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 cap of $34.13 billion, a P/E ratio of 29.47, a PEG ratio of 2.89 and a beta of 1.31.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share. On average, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, June 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is 21.01%.

Analyst Upgrades and Downgrades

ODFL has been the subject of several recent research reports. Barclays lowered their price target on Old Dominion Freight Line from $185.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Stifel Nicolaus lowered their target price on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Citigroup upgraded Old Dominion Freight Line from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Finally, Jefferies Financial Group lowered their price objective on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $180.42.

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.