Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Holdings Lowered by JT Stratford LLC

JT Stratford LLC reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,944 shares of the transportation company’s stock after selling 1,380 shares during the period. JT Stratford LLC’s holdings in Old Dominion Freight Line were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new stake in Old Dominion Freight Line in the fourth quarter worth approximately $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 worth $40,000 after buying an additional 192 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at $51,000. Finally, CoreCap Advisors LLC boosted its stake in Old Dominion Freight Line by 98.2% during the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock valued at $60,000 after buying an additional 168 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Stock Performance

ODFL stock opened at $163.60 on Friday. The firm has a 50 day simple moving average of $159.77 and a 200 day simple moving average of $182.75. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week high of $233.26. The stock has a market cap of $34.57 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $1.34 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 21.01%.

Analyst Ratings Changes

Several equities research analysts have commented on ODFL shares. Raymond James set a $185.00 price target on shares of Old Dominion Freight Line and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Stephens reiterated an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Susquehanna cut their target price on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Truist Financial reduced their target price on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen cut Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $182.26.

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.