Great Lakes Retirement Inc. Acquires 7,418 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Great Lakes Retirement Inc. raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 97.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,014 shares of the transportation company’s stock after acquiring an additional 7,418 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Old Dominion Freight Line were worth $3,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in Old Dominion Freight Line by 22.5% during 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 period. Avantax Advisory Services Inc. grew its position in shares of Old Dominion Freight Line by 1.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after purchasing an additional 30 shares in the last quarter. Drive Wealth Management LLC grew its position in shares of 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 purchasing an additional 39 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Old Dominion Freight Line by 5.5% during the 4th quarter. Ballentine Partners LLC now owns 772 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 40 shares in the last quarter. Finally, Freedom Day Solutions LLC grew its position in shares of Old Dominion Freight Line by 0.8% during the 4th quarter. Freedom Day Solutions LLC now owns 4,863 shares of the transportation company’s stock valued at $1,971,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ODFL shares. Baird R W upgraded shares of Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Bank of America cut their target price on shares of Old Dominion Freight Line from $205.00 to $192.00 and set a “neutral” rating for the company in a research report on Thursday, June 6th. UBS Group upped their target price on shares of Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. TD Cowen cut their target price on shares of 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, Robert W. Baird raised shares of Old Dominion Freight Line from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and an average target price of $200.55.

Old Dominion Freight Line Stock Up 0.0 %

Shares of NASDAQ ODFL traded up $0.01 on Friday, reaching $195.47. 1,228,294 shares of the company’s stock traded hands, compared to its average volume of 1,599,176. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $227.80. The business’s 50 day simple moving average is $178.69 and its two-hundred day simple moving average is $198.64. The company has a market cap of $42.47 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.00. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.9 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%.

About Old Dominion Freight Line

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.