2,370 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,370 shares of the transportation company’s stock, valued at approximately $517,000.

Several other large investors have also made changes to their positions in ODFL. Jones Financial Companies Lllp increased its holdings in Old Dominion Freight Line by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 27 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Old Dominion Freight Line by 3.1% in the third quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock worth $397,000 after buying an additional 29 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Old Dominion Freight Line by 1.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after buying an additional 30 shares during the last quarter. Drive Wealth Management LLC grew its holdings in Old Dominion Freight Line by 5.3% during the 4th quarter. Drive Wealth Management LLC now owns 778 shares of the transportation company’s stock valued at $316,000 after buying an additional 39 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Old Dominion Freight Line by 5.5% in the 4th quarter. Ballentine Partners LLC now owns 772 shares of the transportation company’s stock worth $313,000 after acquiring an additional 40 shares during the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Up 0.5 %

Shares of Old Dominion Freight Line stock traded up $0.90 on Wednesday, hitting $179.31. 59,428 shares of the company traded hands, compared to its average volume of 1,578,399. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The company has a market cap of $38.96 billion, a PE ratio of 31.46, a PEG ratio of 2.36 and a beta of 1.00. The stock’s 50 day moving average price is $177.05 and its 200-day moving average price is $199.22. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFLGet Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.96 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, June 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ODFL shares. Susquehanna lowered their target price on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Robert W. Baird raised shares of Old Dominion Freight Line from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. TD Cowen dropped their price target on Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, UBS Group upped their price objective on Old Dominion Freight Line from $202.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $200.55.

Read Our Latest Report on ODFL

Old Dominion Freight Line Company Profile

(Free Report)

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.

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

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