V Wealth Advisors LLC Sells 110 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)


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V Wealth Advisors LLC trimmed its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,357 shares of the transportation company’s stock after selling 110 shares during the period. Old Dominion Freight Line accounts for 0.5% of V Wealth Advisors LLC’s portfolio, making the stock its 29th largest position. V Wealth Advisors LLC’s holdings in Old Dominion Freight Line were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Old Dominion Freight Line by 6.3% in the fourth quarter. BlackRock Inc. now owns 8,084,935 shares of the transportation company’s stock worth $1,578,017,000 after buying an additional 478,782 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Old Dominion Freight Line by 50.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,606,010 shares of the transportation company’s stock valued at $1,289,361,000 after purchasing an additional 2,214,190 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Old Dominion Freight Line by 4.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,778,675 shares of the transportation company’s stock valued at $347,161,000 after purchasing an additional 68,043 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Old Dominion Freight Line by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,177,059 shares of the transportation company’s stock valued at $229,737,000 after purchasing an additional 159,998 shares during the last quarter. Finally, Norges Bank purchased a new position in Old Dominion Freight Line in the fourth quarter worth approximately $179,498,000. 70.60% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on ODFL shares. Cowen restated a “hold” rating on shares of Old Dominion Freight Line in a research report on Friday, February 12th. Stephens boosted their price target on Old Dominion Freight Line from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, April 13th. Vertical Research began coverage on Old Dominion Freight Line in a research note on Friday, March 26th. They set a “hold” rating and a $220.00 price target on the stock. UBS Group started coverage on shares of Old Dominion Freight Line in a research report on Tuesday, January 19th. They issued a “buy” rating for the company. Finally, Morgan Stanley raised their price target on shares of Old Dominion Freight Line from $230.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, April 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $221.25.

Shares of NASDAQ:ODFL opened at $246.00 on Thursday. Old Dominion Freight Line, Inc. has a 1 year low of $124.99 and a 1 year high of $253.38. The business has a fifty day moving average price of $236.59 and a two-hundred day moving average price of $211.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market capitalization of $28.77 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, April 22nd. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Old Dominion Freight Line had a return on equity of 20.47% and a net margin of 15.87%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. Sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Wednesday, March 3rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Tuesday, March 2nd. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.15. Old Dominion Freight Line’s dividend payout ratio is currently 15.66%.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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