Old Dominion Freight Line, Inc. $ODFL Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,317 shares of the transportation company’s stock after selling 8,048 shares during the period. Motley Fool Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $4,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Motley Fool Asset Management LLC increased its holdings in shares of Old Dominion Freight Line by 27.9% during the 4th quarter. Motley Fool Asset Management LLC now owns 21,739 shares of the transportation company’s stock worth $3,409,000 after buying an additional 4,747 shares during the last quarter. Portfolio Design Labs LLC increased its holdings in Old Dominion Freight Line by 2.3% in the 4th quarter. Portfolio Design Labs LLC now owns 9,717 shares of the transportation company’s stock valued at $1,524,000 after purchasing an additional 221 shares in the last quarter. Westerkirk Capital Inc. increased its holdings in Old Dominion Freight Line by 42.9% in the 4th quarter. Westerkirk Capital Inc. now owns 5,000 shares of the transportation company’s stock valued at $784,000 after purchasing an additional 1,500 shares in the last quarter. Claret Asset Management Corp acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at $219,000. Finally, West Family Investments Inc. acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at $207,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 22,107 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $191.52, for a total value of $4,233,932.64. Following the transaction, the director owned 88,551 shares of the company’s stock, valued at $16,959,287.52. This trade represents a 19.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 10.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price target on shares of Old Dominion Freight Line in a report on Thursday, June 4th. JPMorgan Chase & Co. increased their price target on Old Dominion Freight Line from $197.00 to $234.00 and gave the company a “neutral” rating in a report on Monday. Rothschild & Co Redburn lowered their price target on Old Dominion Freight Line from $176.00 to $172.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. UBS Group increased their price target on Old Dominion Freight Line from $202.00 to $216.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company set a $235.00 price target on Old Dominion Freight Line and gave the company an “equal weight” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $210.71.

Old Dominion Freight Line Stock Up 0.7%

Shares of NASDAQ ODFL opened at $248.73 on Wednesday. The firm’s 50-day moving average price is $212.27 and its two-hundred day moving average price is $187.56. Old Dominion Freight Line, Inc. has a 52-week low of $126.01 and a 52-week high of $252.03. The stock has a market capitalization of $51.73 billion, a P/E ratio of 52.04, a P/E/G ratio of 5.01 and a beta of 1.17.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company posted $1.19 earnings per share. Old Dominion Freight Line’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.37 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.5%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 24.27%.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.