Forthright Family Wealth Advisory LLC Takes $289,000 Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Forthright Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the fourth quarter, HoldingsChannel reports. The firm bought 713 shares of the transportation company’s stock, valued at approximately $289,000.

A number of other hedge funds have also recently modified their holdings of ODFL. Fortitude Family Office LLC bought a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at $27,000. Raleigh Capital Management Inc. bought a new position in Old Dominion Freight Line in the 4th quarter worth about $29,000. Headinvest LLC bought a new position in Old Dominion Freight Line in the 3rd quarter worth about $30,000. Sound Income Strategies LLC bought a new position in Old Dominion Freight Line in the 4th quarter worth about $34,000. Finally, Neo Ivy Capital Management bought a new position in Old Dominion Freight Line in the 4th quarter worth about $40,000. Institutional investors own 77.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ODFL shares. UBS Group upped their price target 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. Wells Fargo & Company started coverage on shares of Old Dominion Freight Line in a research note on Friday, June 7th. They issued an “underweight” rating and a $175.00 price target on the stock. 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 upped their price target on shares of Old Dominion Freight Line from $207.50 to $233.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Finally, Evercore ISI decreased their target price on Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $204.97.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL traded down $0.17 during mid-day trading on Friday, reaching $172.74. 2,149,024 shares of the company traded hands, compared to its average volume of 1,981,413. The company’s 50 day moving average price is $187.65 and its 200-day moving average price is $201.34. The firm has a market cap of $37.53 billion, a PE ratio of 30.41, a PEG ratio of 2.23 and a beta of 1.02. 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, Inc. has a 52 week low of $158.60 and a 52 week high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. On average, equities analysts expect that Old Dominion Freight Line, Inc. will post 6.01 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 0.60%. Old Dominion Freight Line’s payout ratio is 18.31%.

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.